Crypto crash: why are Bitcoin Cash, LUNC, Pi Network, WLFI going down?

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A crypto crash is happening today, May 18, with Bitcoin leading the charge, amid rising liquidations and bond yields. Bitcoin price dropped to $76,500, its lowest level in three weeks. Most altcoins were in the red, with Bitcoin Cash (BCH) falling by 7.30% and Terra Luna Classic (LUNC), Pi Network (PI), and World Liberty Finance (WLFI) plunging by over 5%. The market capitalization of all coins dropped by 1.36% to $2.56 trillion. Crypto market pulled back today | Source: CMC Crypto crash triggers leads high liquidations The ongoing crypto market crash has triggered a surge in liquidations as many traders have been caught off guard. Liquidations jumped by 42% in the last 24 hours to $661 million.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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