Liquidations Top $1 Billion in 24 Hours Data from Coinglass shows total liquidations hit $1.03 billion, with $894.03 million in long positions. Major altcoins like BNB, XRP, and Solana dropped 22.3%, 20%, and 20% respectively.

Asian Markets Collapse on Recession Fears Tokyo’s stock market plunged, reflecting Wall Street’s losses driven by disappointing US jobs data, fueling recession fears and expectations for Federal Reserve rate cuts. The US economy added only 114,000 jobs in the previous month, the lowest since October 2021.

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