Bitcoin has fallen below $30,000 after yesterday’s positive trend that saw the world’s preeminent cryptocurrency surge to almost $32,000.
The cryptocurrency market turned a sea of red on Tuesday after a brief rally on Monday that sent bitcoin over the $31,000 level for the first time in six days.
The combined market cap of all cryptocurrency assets has dropped by $90 billion in the last 24 hours to just over $1.2 trillion.
Read more: Crypto live prices
Bitcoin (BTC-USD) is now trading at around $29,500, down 5% in one day.
Ethereum (ETH-USD), the second largest cryptocurrency by market cap, was down almost 7% in the last 24 hours, to trade at a low of $1,761, as of the time of writing.
The current volatility saw well over $200 million in long positions liquidated across the entire cryptocurrency market.
In the past 24 hours over 74,592 cryptocurrency traders were liquidated, with the total liquidations coming in at $218.63 million, as of the time of…
