India, May 27 -- A broadly negative sentiment prevails in the cryptocurrency markets amidst the exodus of funds from U.S.-listed Bitcoin Spot ETF products. The price movement comes amid renewed optimism surrounding a peace deal between the U.S. and Iran as well market's focus on the prospects of Artificial Intelligence.
Overall cryptocurrency market capitalization has slipped a little less than 2 percent in the past 24 hours. Market leader Bitcoin traded between $77,991 and $75,205.
Data for the pa st 24 hours from Coinglass shows crypto liquidations, i.e. the forced closure of a trader's leveraged position by an exchange or lending protocol for insufficient funds (margin or collateral) to cover potential losses, at $326 million. Long pos...