Positions of almost 89,000 traders were liquidated after bitcoin price momentarily rose from $19,000 to $19,700 and then dropped below $18,100.

Crypto traders lost $336 million in 24 hours as a result of forced closing of positions, according to Coinglass. A total of 88.8 thousand traders’ deals were liquidated in 24 hours. The largest closed position was $3.13 million in the pair BTC/USDT.

Ethereum trades accounted for the largest number of losses – $151 million. Positions worth $105 million were liquidated in bitcoin pairs. In Ripple (XRP) trading pairs, which comes third in terms of the number of liquidations during the day, losses amounted to $9.7 million.

58.9 percent of the positions that were forced to close in the last 24 hours were long. That means that traders were counting on the market to continue rising, but when the stock market declined sharply, they liquidated those positions so they wouldn’t lose money.

At 7 p.m. Nigerian time on September 21, the Fed announced that it had raised its key rate by 75 bps to 3-3.25% p.a. Bitcoin reacted by instantly increasing from $19,000 to $19,700 and then fell to $18,100. As of 12:14 p.m. on September 22, the asset is trading at $19,053 and has fallen by 0.44% in the past 24 hours, according to CoinGecko. At the same time, the price of Ethereum fell 2.9% to $1.29k.

https://altcoin.ng/crypto-traders-lost-336-million-amid-news-of-fed-rate-hike/

Crazy

Is it good to invest now or still study??

nasbidemi:
Is it good to invest now or still study??

study and also invest

you learn crypto by practical applications and making mistakes

Your platform is going to be huge in coming years or months.

Have some few tips I can drop for you to go global.