Ethereum Tumbled 9%, Bitcoin Declined 3%. Here's What Investors Need to Know About Sept. 22's Sharp Crypto Sell-Off.

Cryptocurrency prices slumped Sept. 22 with Ethereum (CRYPTO: ETH) losing 9% in the early hours of Monday morning. The second-biggest cryptocurrency fell from almost $4,500 to $4,075, before finishing the day at $4,200. Bitcoin (CRYPTO: BTC) dropped 3% and the total crypto market cap slipped back below $4 trillion. Crypto positions saw more than $1.6 billion in liquidations in 24 hours -- the biggest liquidation this year, according to CoinGlass data. Ethereum was hardest hit with more than $500 million wiped out. It's a reminder of the way excessive leverage in crypto can quickly snowball. The market moved against investors who had borrowed to fund bullish positions. As it did, their positions were forcibly closed, which added to the broader downward pressure. Let's dive in to find out what the rocky start to the week means for crypto investors.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool