Bitcoin’s downward price action led to another round of liquidations, with over $78 million over the past 24 hours.
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Bitcoin could gain significant traction from the growing M2 money supply, but a correction below $58,000 is still on the table before more upside.
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Bitcoin price is finally seeing some relief, but it faces significant resistance at the $68,000 mark, which would trigger over $700 million worth of short liquidations.
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Traders ignored the news that Mt. Gox transferred billions of dollars in BTC and instead focused on pushing Bitcoin price above $65,000.
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Repeated Bitcoin transfers to centralized exchanges suggest the German government plans to sell the remaining $1.3 billion in BTC holdings.
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After reaching a low of $56,500 on April 30, bitcoin climbed to a peak of $62,109 by Friday, May 3, in response to the previous downturn. This uptick resulted in the liquidation of $26.65 million in bitcoin short positions within just four hours, and approximately 48,962 traders found their positions liquidated over the last day. […]
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While the current correction remains in line with historical price corrections, Bitcoin could briefly fall to the $50,000 mark after losing the average ETF inflow mark of $59,000.
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The price of bitcoin continued to decline over the weekend, dropping an additional 7.7% in the last 24 hours. It plummeted to a daily low of $61,384 per coin, prompting a significant wave of leveraged liquidations on Saturday. Bitcoin Value Declines Amid Market Instability; Extensive Liquidations Reported By 4:00 p.m. Eastern Time on Saturday, bitcoin’s […]
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On April 12, bitcoin briefly reached above the $71,000 threshold, but its value plunged by more than $3,000 after a substantial sell-off at 2:00 p.m. Eastern Time. The price of bitcoin in USD tumbled to an intraday low of $65,230. Over the past 24 hours, leveraged crypto positions totaling $871.88 million were eradicated. Liquidations Near […]
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