Crypto slides on Strait of Hormuz shock as $897 million in long liquidations pile up

CoinDesk Staff

(10:44 AM UTC)

1 min read

BTC dropped to its lowest since April 13 and ETH broke below $2,000 as U.S. airstrikes stoked inflation concerns, wiping out nearly $900 million in leveraged longs.

Bitcoin price (CoinDesk Data)

What to know:

Nearly $958 million of crypto positions were liquidated in 24 hours, with longs accounting for $897 million of the total as investors shifted to risk-off sentiment following airstrikes in the…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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