Crypto Carnage: Nearly $200 Million Liquidated as Bitcoin Slips Below $61,000

In a turbulent 24-hour trading session, the cryptocurrency market saw nearly $200 million wiped out in liquidations as Bitcoin price dropped below $61,000. This sharp decline triggered a wave of liquidations, affecting many investors and traders.
Market Meltdown And Crypto Liquidation
The total market valuation has plunged by approximately 2.7% to around $2.34 trillion, underscoring heightened volatility and market stress.Bitcoin, leading the downturn, shed 1.3% over the week, with a steep 2.8%