Crypto Market Suffers $620 Million Liquidations as Volatility Strikes

In a dramatic display of market volatility, the crypto market experienced a significant $620 million liquidation event in the last 24 hours. Traders were caught off guard as massive losses swept through various assets, including Bitcoin, Ethereum, and popular altcoins. This major shakeout resulted from over-leveraged positions being automatically closed due to extreme fluctuations in these digital currencies.