Yesterday was a rollercoaster in the world of digital assets, as crypto news headlines were dominated by a brutal wave of liquidations as Bitcoin plunged below $90,000 again, wiping out leveraged positions left and right.
Massive Liquidations Rock the Market in Crypto News
Yesterday, up to $150 million in crypto long positions got liquidated in just one frantic hour. Real-time data from CoinGlass highlighted that around $88.23 million in longs vanished near 7:00 a.m. UTC, followed by another $57.02 million hit at 8:00 a.m. as the selling frenzy intensified.
Hyperliquid took the hardest blow, hosting about $45 million of those liquidations, including the biggest single order at $3.63 million.
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This fresh carnage pushed total crypto liquidations over the past 24 hours to a staggering $464.44 million, impacting over 137,000 traders who couldn’t weather Bitcoin’s wild swings.
There Was Also Regulatory Crypto News
Shifting gears to Vietnam, the government has set a mid-January deadline for licensing pilot crypto exchanges under a regulatory sandbox.
Prime Minister Pham Minh Chinh wants this wrapped up before January 15, aiming to bring some order to the country’s booming crypto market.
Announced at a national online conference on January 6 reviewing 2025 finances and planning for 2026, this move spotlights controlled testing of digital asset trading as a top priority.
Exciting crypto news for those who prefer face-to-face dealings
Coinhub Exchange just launched its first physical branches with real human tellers!
Walk into their new spots in Las Vegas and Phoenix, and you’ll get personalized help buying, selling, or trading Bitcoin and other cryptos.
Opened this week, these locations blend seamless online trading with in-person support, perfect for newbies baffled by apps or high-rollers handling big transactions.
That’s the latest from yesterday’s wild crypto news ride.
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