Over 247,000 investors in the cryto market have counted their losses with a drastic drop in many crypto assets globally.
Reports say the investors had their accounts worth $1.74 billion liquidated.
The largest single liquidation order happened on Huobi-DOT valued at $8.51 million.
A cryptocurrency is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions.
Much of the interest in these unregulated currencies is to trade for profit, with speculators at times driving prices skyward.
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