Bitcoin, Ethereum, Dogecoin Meltdown Amid $1B Liquidations In A Single Day: Analyst Predicts Apex Crypto Could Face ‘Soul Crushing’ Plunge

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Major cryptocurrencies have experienced a significant decline in value, resulting in traders incurring losses of $1 billion in liquidations over the past 24 hours. The global market capitalization for the cryptocurrency market fell 6.03% over 24 hours to $1.07 trillion. What Happened: Bitcoin and other altcoins experienced a considerable decline on Thursday, breaking their stagnancy for the past few weeks. Traders began selling digital assets in anticipation of interest rates remaining elevated for a longer period than initially anticipated. During the recent market turmoil, CoinGlass data rev…

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