Crypto Market Sees Liquidation Over $1B as Wall Street Faces Archegos Collapse

The crypto market has seen liquidation of over $1 billion over the past 24 hours mostly from long leveraged positions. This is evident from the fact that the cryptocurrency market has registered only a 2% in correction over the past 24-hours, where Bitcoin price corrected over $2,000 while Ethereum price fell below $1,800.