If you’ve been on Crypto Twitter, you know of AngeloBTC, what some would call a “legendary” Bitcoin investor. Indeed, prior to his effective retirement, he had over 3,000 BTC worth of registered notional profit on BitMEX, making him one of the most profitable traders on the platform. Ever.While he has since bowed out of the…
Yesterday was undoubtedly one of Bitcoin’s worst days ever; in fact, yesterday’s 40% loss was only second to the BTC price collapse in the wake of the collapse of Mt. Gox, then the largest and most important crypto exchange. At the drop’s worst, the cryptocurrency was down 50% in a single 24-hour period, falling from…
Highlights:Bitcoin plunges to $3.8K for the first time since April 2019.The cryptocurrency’s deep dive came alongside a massive liquidation spree on the BitMEX crypto exchange.The price recovered by $2,000 but left the market in further distress, especially amidst the rising Coronavirus risks on global financial markets.Bitcoin fell to its 10-month low this Friday the 13th…
Overnight last night, the price of XRP flash crashed as low as 13 cents on the popular margin trading platform BitMEX.Widespread complaints made waves across the crypto community, as traders who were long XRP on the exchange were liquidated, losing their funds. But there are always two sides to every trade, and those who were…
XRP has seen some incredibly bullish price action over the past couple of days, with the crypto’s recent break above $0.30 leading it to incur significant buying pressure that propelled it up to highs of $0.33.This intense volatility is part of the reason why active traders flock to the crypto market in droves, but a…
Wow. After days of extremely low volatility, with Bitcoin grinding higher without much downward price action, BTC suddenly dropped 4% in twenty minutes just last hour, plunging from $10,100 to $9,700 in a rapid sell-off. This move filled a CME gap formed this weekend, which is actually a more bullish sign than it is bearish.Though,…
As Bitcoin has flatlined in the past 24 hours, XRP has exploded. Per data from CoinMarketCap, the third-largest digital asset by market capitalization is up 10% in the past 24 hours, rallying from $0.25 to just shy of $0.28 as of the time of writing this.The cryptocurrency just last hour briefly moved above the $0.28…
On January 23rd, leading Bitcoin derivatives exchange BitMEX revealed its intent to launch a new financial product for XRP. In a blog post, the company said that this product would be a “Ripple USD quanto swap,” which will allow traders to leverage trade the cryptocurrency with leverage of up to 50x.According to a recent Twitter update…
Whales on the world’s largest bitcoin margin trading platform BitMEX are selling large amounts of BTC. After the rejection at $9,200, investors are seemingly moving towards hedging their holdings to brace for a bigger pullback.According to a platform that reports unusually sizable sell orders on BitMEX, many whales sold millions of dollars worth bitcoin in…