Coinglass: Crypto traders lost $259.6 million per day

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Traders lost about $259.8 million in just a day on the difference in cryptocurrency rates, according todata from the analytical platform Coinglass.

The day before, March 22, the Bitcoin rate increasedalmost to $29,000. However, after the announcement of the US Federal Reserve System (FRS) to increase the rate, the cost of the first cryptocurrency fell to $27,000. Most altcoins also fell in price.

Over the past 24 hours, 67,615 traders' positions were liquidated, the platform reports: 

“The largest liquidation order occurred on Bitmex - XBTUSD for almost $7.39 million.”

Also, 68,800 orders were closed for $132 million in Bitcoin and more than $51 million in Ether.

According to Coinglass data, the OKX exchange closed the most positions -  37%. Binance comes in second place with 26%. Then Bybit - 13.6%. 

The day before, a member of the House of RepresentativesUSA Cody Harris introduced a bill aimed at protecting the rights of Bitcoin owners and miners in the state of Texas. No local resident should be denied the right to own and store Bitcoin, Harris argues.   

Late Wednesday, the US Securities and Exchange Commission (SEC) warned crypto exchange Coinbase that it could take action against it for selling unregistered securities.