Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Ethereum Liquidation
Ethereum Ready to Retest Multi-Month Highs
The performance of Ethereum has been remarkably below that of Bitcoin recently. At the moment, Bitcoin is trading close to its multi-month highs while Ethereum remains remarkably under its level seven days ago. Due to this weakness relative to Bitcoin, it is revealing certain moderate breakdown signals. Nevertheless, the bulls were firm in defending Ethereum’s key support close to $198. Currently, according to Analysts, Ethereum may be primed for a rally to its recent highs of over $230. This is…
5 years ago
Ethereum Declines By 10.54%: $5.5 Million Longs Liquidated on BitMEX
Recently, Ethereum dropped by 10.54% from $240.47 to $215.13 in three hours. During the collapse, there were liquidations valued at millions of dollars on the BitMEX platform. According to data by Skew, massive liquidations occurred between the 26th of February and early on the 27th of February. Initial liquidations happened at about 16:00 UTC when Ethereum valued at $3 million (longs) liquidated on BitMEX. Seven hours later, liquidation worth $2.5 million occurred. The aggregated sell and buy liquidations recorded were…
5 years ago