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The post Crypto Traders Lose $600M in 24 Hours With Bitcoin Dragging Crypto Market Down appeared first on Coinpedia Fintech News The Bitcoin crash recently has dragged the entire crypto market down, with over $300 billion erased from the total capitalization since July 3. In the last 24 hours, over 230,000 crypto traders lost more than $660 million in long-squeeze liquidations. The long squeeze affected 233,088 traders, and Binance‘s ETH/USDT pair had the largest order, with $18.48 million. Bitcoin liquidated…

The crypto market is down again, with the Bitcoin price testing the $60,000 support level for the 9th time and momentarily dipping below the crucial mark.  Fortunately for the bulls, BTC has climbed back up to $60,500, temporarily invalidating the worst-case scenario of falling to $48,000.  Large-cap altcoins have also suffered heavy losses, with Dogwifhat, Ethereum Name Service and Brett all down by double digits.  The crypto market crash has pushed investors towards presale projects again, considering they are not…

The post Why is Bitcoin Price Down Today? Came Back To $60,700 appeared first on Coinpedia Fintech News Bitcoin’s recent surge has taken a hit as the cryptocurrency’s price dropped by 3.38% over the past day, settling at $60,780. The 24-hour trading range for Bitcoin fluctuated between $60,584.34 and $63,151.44. As a result, Bitcoin’s market cap dipped to $1.19 trillion.  Bitcoin’s market dominance also saw a slight decrease, dropping 0.46% to 53.18%. Here are some of the main reasons why…

On-chain data shows that selling pressure from Bitcoin miners has recently slowed down. This is significant considering the impact it could have on Bitcoin’s price heading into the third quarter of the year.  Bitcoin Miners’ Selling Pressure Has Significantly Declined Referencing data from the on-chain analytics platform CryptoQuant, crypto analyst Crypto Dan noted that selling pressure from miners has significantly declined for two reasons. One is that the quantity of Bitcoin these miners sent to exchanges to sell has reduced…

Ethereum enthusiasts were cruising down the information superhighway towards a July 4th fireworks celebration of a different kind: the launch of the first spot Ethereum ETF. Investor excitement was dampened when the US Securities and Exchange Commission unexpectedly sent back applicants’ proposals, delaying the much-anticipated debut. Missed Exit: Ethereum ETF July Launch Goes Up In Smoke The news came as a shock to many, as market watchers and analysts alike had confidently predicted a July launch, with some even suggesting…

The post Solana ETF Might 10x the Price of SOL, Smart Money Double Down on Altcoin Season appeared first on Coinpedia Fintech News The recent filing by VanEck, a prominent New York-based investment management firm, for a Solana exchange-traded fund (ETF) has sparked a surge in Solana’s price. As investors seek to diversify their portfolios, they are turning their attention to altcoins that have the potential to achieve success akin to Solana.  One such altcoin that has shown promising signs…

Dogwifhat (WIF) price has dropped by 3.94%, a common situation in a highly unpredictable cryptocurrency market. This minor setback might be a market correction. Such instances are commonly regarded as pull-backs and considered good buying signals. WIF is still safely ensconced in the Solana ecosystem with solid backing from its technical foundation and strong community backing. However, its focus is now on other meme coins with such potential. Another contender that is gradually making a name for itself is 5thScape.…

The post Week in Crypto: BNB Sees $555 Low, as Raboo Outruns Shiba Inu Down 80% From ATH appeared first on Coinpedia Fintech News BNB has recovered from its dip to $555 while Shiba Inu’s 80% decline from its previous ATH has caused investors to consider a new presale token that analysts have tipped as to become of the top altcoins in the crypto world. Raboo continues to surge with a 60% increase since Stage 1 and has raised almost…

The Bitcoin price is in a decline once more, after seeing some recovery on Wednesday due to the turnaround in the Spot Bitcoin ETFs net flows. However, just one day later, it seems the pioneer cryptocurrency has resumed the downtrend and this decline after the recovery has begun a worrying trend. So, what are the factors that are driving this decline? Bitcoin Price Suffers From Sell-Offs One of the major factors that have been behind the Bitcoin decline is the…