Crypto Liquidations Top $477M as Bitcoin Slips Below $90K

The new year enthusiasm has all but vanished as Bitcoin continued its sustained downtrend, undoing most of the year-to-date gains noted in the first week. Bitcoin is down 2.4% over 24 hours, and is trading at $89,881, according to CoinGecko data. The total crypto market capitalization, which hit $3.305 trillion yesterday, is down 2.6%. As a result of the top crypto’s downward move, total liquidations over the past 24 hours have exceeded $477 million, according to CoinGlass data. Bulls who rode the optimi ...