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Coinglass: Crypto traders lost $259,6 million per day

Coinglass: crypto traders lost $259,6 million in a day

Traders lost about $259,8 million in just one day due to the difference in the rates of cryptocurrencies, according to data from the analytical platform Coinglass.

On the eve of March 22, the price of bitcoin rose to almost $29. After the statement by the US Federal Reserve (Fed) about the rise in the rate, the price of the first cryptocurrency fell to $27. Most altcoins also fell in price.

In the last 24 hours, 67 trader positions have been liquidated, the platform reports:

“The largest liquidation order occurred on Bitmex - XBTUSD for almost $7,39 million.”

It also closed 68 orders for $800 million in bitcoin and over $132 million in ether.

According to Coinglass, OKX has the most closed positions at 37%. Binance is in second place with 26%. Then Bybit - 13,6%.

The day before, a member of the US House of Representatives, Cody Harris, introduced a bill aimed at protecting the rights of owners and miners of bitcoins in the state of Texas. No local resident should be deprived of the right to own and hold bitcoins, Harris said.

On Wednesday evening, the US Securities and Exchange Commission (SEC) warned crypto exchange Coinbase that it could take action against it for selling unregistered securities.

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