The recent crypto crash continued on Monday as Bitcoin and most altcoins remained in the red amid rising geopolitical jitters. Bitcoin dropped to $87,380, while Ethereum, Dogecoin, Solana, and XRP fell by over 3% in the last 24 hours.
One key reason behind the ongoing crypto market crash is that liquidations continued rising. Data compiled by CoinGlass shows that liquidations soared by 770% in the last 24 hours to $678 million.
Ethereum liquidations jumped to over $218 million, while Bitcoin liquidations jumped to $195 million. Solana liquidations jumped to $63 million. The other top liquida