Crypto prices continued to decline. Bitcoin price dropped to $38.560. Currently, Bitcoin trades at around $39.000.
In the last 24 hours, the global market cap decreased by 7.8% and now stands at around $1.8 trillion.
According to the crypto futures trading and data platform, Coinglass, the size of liquidations in the last 24 hours, hit $727 million. 189.430 traders were liquidated. The largest single liquidation valued at $9.91 M took place on the crypto platform BitMEX.
Recently, warnings on the crypto industry have increased. On January 20, the Central Bank of Russia published a paper proposing a complete crypto ban.