More than 50 thousand traders lost money after bitcoin price went up to 50 thousand dollars

02-09-2021

2.08.2021, the price of Bitcoin reached $50 thousand. As of 17:09 Moscow time, the main digital currency was trading at $50.4 thousand.

Despite the growth of bitcoin’s value, its share in the market is about 40%. This is due to the increasing popularity of altcoins, which overtook Bitcoin in terms of profitability. Thus, the price of Etherium rose by 7% in 24 hours, the rate of Cardano during this time increased by 10%. 

Within 24 hours after the rise in the price of bitcoin, more than 50 thousand investors suffered losses. The exchange closed trades of traders who had bet on the decline in the rate. The amount of liquidated positions exceeded $450 million.

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