India, Nov. 9 -- Sentiment in cryptocurrency market weakened on Monday amidst a massive liquidation cascade. Overall cryptocurrency market capitalization has plunged to $2.50 trillion and Bitcoin traded between $73,744 and $75,573 during the past 24 hours. The decline in prices comes amidst liquidation of crypto long positions of more than $1 billion during the past 24 hours.
Data from Coinglass shows aggregate crypto liquidations during the 24-hour period at $1.18 billion. Liquidation of long positions stood at $1.04 billion, vastly higher than the liquidation of short positions that amounted to $137 million.
Bitcoin (BTC), the largest cryptocurrency is currently trading 1.8 percent lower on an overnight basis at $74,689.90. Bitcoin is a...