quote$$ $BTC #NewsTrade

The cryptocurrency market lost $500 million in a day

Since Monday, May 12, there has been a sharp decline in the cryptocurrency market, leading to large-scale liquidations. Over the course of the day, long positions worth more than $500 million were closed. The biggest losses were recorded for cryptocurrencies such as Dogecoin #doge⚡ $0.23 and Cardano ADA $0.80 - each of them lost about 7% of their value

Bitcoin #BTC $103,501.11, which previously showed stable growth, became the main factor in the market's decline. Positions worth nearly $200 million in Bitcoin futures were liquidated, and about $170 million more in instruments related to Ethereum $ETH .