---
title: "Bitcoin crashes below $53K wiping out $600M in leveraged longs"
url: https://diffcoin.com/bitcoin-crashes-below-53k-wiping-out-600m-in-leveraged-longs/
description: "A sudden crypto market nosedive has seen over $600 million in leveraged long positions wiped out, as Bitcoin, Ether and other cryptocurrencies tumbled…"
published: 2024-08-05
updated: 2024-08-05
author: "Mila"
site: "Diffcoin"
---

# Bitcoin crashes below $53K wiping out $600M in leveraged longs

A sudden crypto market nosedive has seen over $600 million in leveraged long positions wiped out, as Bitcoin, Ether and other cryptocurrencies tumbled sharply.

[Source link](https://cointelegraph.com/news/bitcoin-crashes-below-53k-wiping-out-600-million-leveraged-longs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)