Liquidations

The post Bitcoin Drops 6%, Crypto Liquidations Hit $314M, What’s Next for Market? appeared first on Coinpedia Fintech News Bitcoin (BTC), the world’s biggest cryptocurrency experienced notable selling pressure after the closing of the US stock market, leading to a price drop of over 6%. The decline began as the bankrupt crypto lender Celsius repaid nearly $2.5 billion to its 251,000 creditors.  Crypto Liquidations Hit $313 million  Amid this selling pressure, top cryptocurrencies including Ethereum (ETH), Solana (SOL), and Dogecoin…

The post Top Analyst Says Bitcoin Avoided Major Breakdown Despite Liquidations; Outlines Path to $50K appeared first on Coinpedia Fintech News Bitcoin is once again encountering resistance at a crucial level. Despite this, the price is maintaining its support on shorter timeframes, specifically the 2-hour chart, where Bitcoin has managed to hold above a key support level. This support has prevented a major breakdown, even after the market saw significant liquidations.  According to analyst Josh of Crypto World, the 4-day…

The evolvement of Bitcoin has led to Bitcoin’s trajectory being linked to several other markets, whereby the stance of certain markets could hint at where BTC is headed. However, according to the latest data, this phenomenon is changing specifically for the correlation of Bitcoin’s price to exchange-traded fund (ETF) movements. Historical Patterns And Recent Deviations The latest observation from a CryptoQuant author on the QuickTake platform has revealed that BTC ETF, particularly the ETC Group Physical Bitcoin (BTCE), an investment…

Bitcoin can’t seem to leave the $60,000 price level as it continues to trade in uncertainty. On Saturday, August 3, the cryptocurrency experienced another sharp decline, briefly dipping below the $60,000 mark. Although this drop lasted only a few minutes, it was quite significant, especially given that Bitcoin had traded above $62,000 earlier the same day. This fluctuation has notably impacted market participants, leading to the liquidation of numerous long positions. At the time of writing, over $197 million worth…

The post Doge Faces Massive Liquidations, Can It Plummet More?  appeared first on Coinpedia Fintech News The falling price of Bitcoin is affecting the whole crypto token ecosystem. Dogecoin has fallen by 19.66% this week. Even though it tried to give some bullish pump, it failed to rise. Multiple factors on the chart show there might be another fall incoming. Let’s explore why the chart is giving bearish signals. Bearish Signals in Charts Daily Doge chart shows that the price…

Bitcoin’s (BTC) attempt at a modest rally during US trading hours on Friday was swiftly quashed. The largest cryptocurrency experienced a sharp drop, falling from $65,000 to below $62,000. This sudden decline triggered a wave of liquidations, erasing $290 million in both long and short positions over the past 24 hours. Bitcoin Sinks Below $62,000 The recovery rally ahead of the FOMC meeting and positive July CPI data fostered a bullish sentiment. However, the long-anticipated rate cut was delayed, with…

The post Bitcoin Faces Strong Selling Pressure, Liquidations Surge to $56 Million After Fed Meeting appeared first on Coinpedia Fintech News On Wednesday, Fed Chair Jerome Powell decided to keep rates unchanged at 5.25-5.5% while hinting at the likelihood of a 25 bps rate cut in September if inflation data for July comes on the expected lines. This development turned out to be a sell-the-news event as along with BTC, altcoins have also been facing strong selling pressure leading to…

Only a few altcoins have been able to outperform Bitcoin (BTC) this year. But if there is one that has continuously remained in that fold, it is Kaspa (KAS), the project that utilizes the same Proof-of-Work (PoW) mechanism as Bitcoin. While KAS price has increased over 400% in the last 365 days, recent data shows it may struggle to regain the momentum. Kaspa Faces Imminent Breakdown Due to Wipeout Positions Kaspa’s current position below the Exponential Moving Average (EMA) supports…

CRV, the native token of Curve, a stablecoin decentralized exchange (DEX), is under immense selling pressure. After the hack of July 2023, CRV has never been the same again. However, the painful liquidations of Michael Erogov’s loans have worsened the situation for holders. Curve Founder Forced To Sell $677,000 Of CRV, Token Falling After the forced liquidation in mid-June, which pushed prices below $0.30, data showed that the founder was also forced to sell CRV in the market to repay…