Liquidations

Bitcoin’s price crashed by over 5% below $60,000 on Wednesday amid a market selloff impacting the broader crypto and stock markets. Bitcoin (BTC) began the day trading for roughly $63,700 per coin. Its price began sinking drastically starting at 1:40 PM UTC, and has plummeted to $59,950 as of 4:45 PM UTC. It trades for $60,475 at press time. Meanwhile, the price of Ethereum (ETH) has slid back under $3000 to just $2950 at writing time. The S&P500 and Nasdaq…

The cryptocurrency markets plummeted on Friday evening, and the same violent scenario was repeated once again on Saturday. The entire market has bled out, with another $200 billion leaving the space. The total liquidations have skyrocketed to $700 million after the $900 million last night. BTCUSD. Source: TradingView It was all going well for the primary cryptocurrency until Friday evening, as the asset had calmed at around $70,000-$71,000. However, the situation changed following the latest US Fed speeches that didn’t…

The crypto market took an unexpected hit on April 12 as a spontaneous decline in the price of Bitcoin and prominent altcoins resulted in massive liquidations. The origin of this widespread price dip remains largely unknown, among a plethora of plausible reasons, including a recent price correction in the US stock markets. Almost $500 Million Liquidated In An Hour Amidst Crypto Flash Crash According to data from CoinMarketCap, Bitcoin slipped by 4.49% in the last day, falling as low as…

The post Ethereum Traps Aggressive Buyers As ETH/BTC Ratio Declines, Triggering $100 Million In Liquidations appeared first on Coinpedia Fintech News Ethereum’s price has experienced a significant decline in recent hours, following a robust correction across the cryptocurrency market, which saw Bitcoin’s price fall toward $65,000. Notably, various on-chain indicators for Ethereum remain bearish, including a sharp decline in the ETHBTC ratio. This trend is strengthening sell positions and trapping aggressive buyers at each support level. Market Liquidation Nears $900…

Bitcoin’s price failed to overcome the $71,000 level decisively today, and the subsequent rejection pushed the asset south hard, dumping to around $65,000. The altcoins have suffered even more, with numerous double-digit losses from the likes of XRP, SOL, DOGE, TON, ADA, and many more. BTCUSD. Source: TradingView CryptoPotato reported earlier BTC’s attempts to overcome $71,000, which had little success. The bears managed to intercept the moves and pushed the cryptocurrency south to around $70,000. However, that was just the…

XRP has witnessed an alarming amount of liquidations in the last 24 hours. This has no doubt caused concerns in the XRP community, considering the impact that the derivatives market has on a crypto’s price.  $1.32 Million XRP Positions Get Liquidated  Data from Coinglass shows that $1.32 million has been liquidated from the XRP market in the last 24 hours. Long positions account for a majority of these liquidations, with $1.04 million in long positions being wiped out during this…

The cryptocurrency market continues to feel the tremors of a brutal April Fools’ Day price crash, with XRP taking a significant hit. In the last 24 hours, a staggering $6 million in XRP contracts were liquidated, according to Coinglass data. This liquidation frenzy can be attributed to the sharp price decline experienced by XRP on April 1st. The new month began with XRP trading around $0.61. However, a domino effect triggered by Bitcoin’s plunge below $67,000 sent shockwaves through the…

Bitcoin (BTC) experienced a sharp decline today. On April 2, 2024, at 02.45 UTC, Bitcoin’s price briefly dipped below $67,000, triggering over $500 million in trader liquidations. The downturn comes after BTC managed to climb back to $71,000 yesterday. Should Bitcoin Investors Watch Out for Further Corrections? Based on the data provided by CoinGlass, in the last 24 hours, the cryptocurrency market witnessed a significant amount of liquidation. The total liquidation amount reached a staggering $500.45 million, leading to the…

After a few days of sideways trading, Bitcoin’s price has headed straight south, with a massive plunge that has pushed it to a 9-day low of $66,000. The altcoins are in an even worse position, with several double-digit price losers, such as Dogecoin, Shiba Inu, Bitcoin Cash, and Avalanche. BTCUSD. Source: TradingView CryptoPotato reported yesterday morning BTC’s price movements, which were quite sluggish. The asset had calmed over the weekend and stood primarily around $70,000 after failing to overcome the…