The cryptocurrency market experienced a significant jolt as Bitcoin, the largest cryptocurrency by market capitalization, slipped below its previously plateaued threshold of $26,000. This downward movement has led to a surge in total liquidations, with traders losing more than $300 million within a span of 24 hours. The repercussions of this event are reverberating throughout…
Bitcoin price has shattered $47,000 and has left in its wake the bloodbath that is short liquidations. These short traders that obviously expected the previous market trend of low momentum to continue have now incurred hundreds of millions of dollars in losses in the crypto market, and in a very short time too. The bloodbath…
Bitcoin’s price is at risk of going down because investors are funding short positions in Bitcoin by borrowing digital money from exchanges. Datamish shows that investors are funding short, causing the value of Bitcoin to go down. Bitcoin fell again on Friday, despite a surge in capital inflow from large wallet investors and institutions. Brevan…
After weeks of consolidation, Bitcoin decisively broke below $9,000 just minutes ago. The cryptocurrency dipped as low as $8,840 on leading spot exchanges and slightly lower on margin-enabled exchanges like BitMEX.BTC price chart of the drop from TradingView.comThis move caught many traders off guard, according to derivatives data.Skew.com reported that more than $20 million worth…
Bitcoin’s block reward halving may be just hours away, two hours away by most estimates, but that hasn’t stopped the price from dumping.The cryptocurrency just slid as low as $8,380 just minutes ago, visiting the levels it was trading at just 24 hours ago.This came after Bitcoin rallied as high as $9,200 on Monday morning,…
Since the daily close 20 minutes ago, Bitcoin has fallen off a cliff.The cryptocurrency has collapsed from $9,800 where it spent most of Saturday to $8,000 — a drop of more than 15% — since the daily close, shedding support level after support level as if they were not notable at all.TradingView.comFew traders were expecting…
Over the past ten minutes, Bitcoin has performed extremely poorly, falling from $6,700 to a price as low as $6,265 in an over 6% sell-off, per data from TradingView. As a result, at least $20 million worth of long positions on BitMEX were liquidated, while millions more probably bit the dust on other exchanges.This 6%…
When I woke up just minutes ago and saw the price of Bitcoin, I thought someone had pulled a joke on me; never in a hundred years did I think BTC was going to move that fast.For those who have been living under a rock or sleeping as I have, the price of the leading…
Crypto markets are depreciating for another day as Bitcoin fails to gain any traction. Volatility appears to be returning as a big spike triggered a lot of liquidation a few hours ago. The overall picture is still very bearish though. BitMEX Bitcoin Manipulation Calls The slow grind down has continued this week but some spurious…