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The week has started with a strong decline in cryptocurrencies on the international stock market.
Cryptocurrency investors saw more than $1.5 billion in bullish positions liquidated on Monday (losses), causing a significant drop, with smaller tokens (cryptos) hit hardest.
Ether fell as much as 9% to $4,075, while nearly half a billion dollars, including the second-largest cryptocurrency, were liquidated, according to data from Coinglass and reports from Bloomberg. Bitcoin also fell nearly 3% to $111,998.
More than 407,000 traders were liquidated in a 24-hour period, the data shows. The drop temporarily pushed the total market capitalization of digital assets below $4 trillion, before a partial recovery was seen.
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