Bitcoin Soars Past $100K as Crypto Market Experiences $676M in Liquidations

In just the last day, the crypto market has experienced about $676 million in liquidations, highlighting the unpredictable nature of the market and underscoring the need for secure and sophisticated trading tools.

The crypto market experienced about $676 million in liquidations in just the last day, highlighting the unpredictable nature of the market and underscoring the need for secure and sophisticated trading tools.

As Bitcoin (CRYPTO: BTC) surged past the $100,000 mark, about 208,238 traders faced the brunt of the liquidations, with the majority of losses, $372.79 million, stemming from long positions. Bitcoin itself saw the most significant liquidation at $182.52 million, mainly from short-position traders.

Major liquidations were also observed for Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP), totaling $92.16 million and $55.90 million respectively. Among the major exchanges, OKX, Binance, and Bybit reported the most substantial liquidation volumes.

Despite these setbacks, Bitcoin's trading volume soared by 88.19% to reach $128.20 billion, signaling robust investor interest and hinting at potential price increases ahead.

Here's a closer look at the crypto liquidations and other industry updates:

What Happened: In a 24-hour period, the crypto market experienced a substantial $676 million in liquidations, according to data from Chainlink.

About 208,238 traders faced the consequences of liquidations, with the majority, 164,419 traders, experiencing losses on the top 100 coins by market capitalization.

The overall liquidated volume reached $372.79 million, with long positions bearing the brunt of the losses at $338.80 million compared to $33.99 million in short-position liquidations.

Among individual cryptocurrencies, Bitcoin saw the most significant liquidation at $182.52 million, mainly from short-position traders. Following closely was Ethereum with $92.16 million and XRP with $55.90 million in liquidations.

Among the major exchanges, OKX reported the highest liquidation volume at $162.36 million, followed by Binance with $144.10 million and Bybit with $123.78 million.

The total trading volume for Bitcoin surged by 88.19% to $128.20 billion, indicating increased investor activity in the world's largest cryptocurrency.

Also Read: Despite Layoffs, Tech Hiring Is Showing Early Signs Of Recovery

MetaMask's Festive Update: Holiday Challenge Unveiled

In a festive update, MetaMask has introduced the #CryptoHolidayChallenge in collaboration with Linea.

The challenge invites users from Europe, the UK, and Switzerland to submit creative videos showcasing how they used their MetaMask Card for holiday shopping.

The focus will be on highlighting the card's ease of use, security, and protection against inflation.

The top 100 videos each week will win 80 USDC, judged on creativity and user engagement. No purchase is necessary to participate in the challenge, which runs from December 4th to 25th.

Plus Wallet: Your Gateway to Enhanced Crypto Profits With Supreme Security

A year of astronomical potential for profits in the crypto market has also brought forth a parallel rise in risks, especially with hacking and cyber threats becoming increasingly sophisticated.

But how can one ensure their earnings continue to climb without falling victim to these escalating security threats?

Enter Plus Wallet — your gateway to not only substantial rewards but also uncompromising security.

Plus Wallet's innovative Swap to Earn feature redefines trading by rewarding every transaction with variable USDT rewards, with no limitation on the number of swaps.

This unique integration effortlessly turns everyday trading activity into a source of passive income, boosting your financial growth without requiring any additional effort.

But Plus Wallet doesn't sacrifice security for gains. It employs rigorous protective measures like encryption and two-factor authentication, safeguarding your assets against cyber threats.

Furthermore, with private keys stored directly on your device, you maintain complete control over your funds.

This robust security framework empowers you to trade with peace of mind, knowing that your assets are well-protected in an increasingly turbulent online landscape.

Plus Wallet - Unparalleled Security in the Palm of Your Hand

In an industry where trust is paramount, Plus Wallet has consistently delivered, earning the trust of users worldwide.

With a legacy of innovation and a commitment to user satisfaction, Plus Wallet stands as a beacon of reliability in the dynamic crypto domain.

As the crypto market continues to evolve, Plus Wallet remains at the forefront, adapting and upgrading to provide an optimal trading experience.

Join Plus Wallet today and unlock a world of possibilities with the ultimate balance of profitability and protection.

See More: Top 5 Cryptocurrencies To Watch This Week: Bitcoin, Ethereum, BNB, Solana, And Tron

Plus Wallet: A Beacon of Trust and Innovation

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