$300 million worth of orders liquidated as Bitcoin plunges to $40,000

With the majority of digital assets on the market entering the red zone, almost $300 million worth of orders were liquidated after a relief hit the digital assets market following the recovery of the majority of assets, according to Coinglass.

Bitcoin has already spiked down and dropped below $40,000 and the majority of the assets on the market are losing from 1 to 10% of their value amid the general plunge of the crypto market.