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Ethereum Price Prediction as $210 Million Gets Liquidated in Market Volatility – Where is ETH Heading Now?

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Major cryptocurrency prices have tumbled on Friday, amid jitters about the health of crypto bank Silvergate, which has seen a rapid exodus of major customers in the last few days.

Bitcoin (BTC) was last trading in the mid-$22,000s, down around 4.5% on the day. Ether (ETH), the token that powers the Ethereum blockchain, was last down around 4.7% on the day and trading in the upper-$1,500s.

Total cryptocurrency market capitalization was last around $986 billion, down a little over 4.4% or around $43 billion on the day.The drop in prices has resulted in a surge in trader liquidations.

According to crypto derivatives data analytics website, long positions in the crypto futures market worth over $210 million were closed on the 2nd of March.

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