Extreme leverage drove $500 million worth of BTC liquidations in one hour
The latest Bitcoin correction triggered a record $500 million worth of liquidations in 60 minutes on major exchanges. Go to Source Powered by WPeMatico
Correction
Auto Added by WPeMatico
Leverage traders ‘flushed out’ by late-February crypto crash: Glassnode
Crypto analytics provider Glassnode argues the late February BTC crash may have been a healthy reset that flushed excessive leverage out of the market. Go to Source Powered by WPeMatico
Bullish or bearish? PayPal hosts $242M in crypto trading over 24 hours
Daily crypto volume on payments giant PayPal have surged to record highs above $240 million. Go to Source Powered by WPeMatico
Veteran Analyst Says BTC Might See Further Correction but ‘Prices Have Not Topped’
Following bitcoin’s sharp pullback on November 26, renowned trader Peter Brandt says BTC is likely to see a further correction, although he thinks prices have not topped. The comments follow the massive sell-off of cryptos that resulted in traded volumes of $8.5 billion being recorded across exchanges in just 24 hours. According to Messari, this … Read more
Stack Funds hails Bitcoin’s ‘healthy correction’ predicts ‘euphoria’ ahead
Bitcoin could surge towards $100,000 next year following yesterday’s “healthy pullback”, with market psychology currently in the “belief” stage says Stack Funds. Go to Source Powered by WPeMatico
Market Update: Crypto Prices Drop Fast, Bitcoin Loses $2K, Correction Considered Healthy
The price of bitcoin and a great number of digital assets plunged in value during the early morning trading sessions on November 26, 2020. Bitcoin’s price dropped from a high of $19,319 on Wednesday evening only to lose over $2,000 during the course of the morning hours (EST) on Thursday morning. Cryptocurrency markets have shed … Read more
5 Potential Correction Waves to Affect the Current Bitcoin Price Trend
Now that the Bitcoin price has finally flashed signs of an extended bullish run earlier this month, a lot of traders are wondering where things will head next. All one needs to do is look at the previous correction which took over a full year and see how things played out back then. Assuming history … Read more
Bitcoin Price: Expected Decline to $5,000 Becomes a More Likely Scenario
Things are not looking too hot in the world of cryptocurrencies right now. The Bitcoin price is taking another dump out of nowhere. At this rate, its value will start trending toward the $6,000 level fairly soon. Some traders remain hopeful things will turn around this year, albeit it seems less and less likely. Bitcoin … Read more
Bitcoin Cash Price Undergoes Steep Correction After Solid Gains Last Week
Today may prove to be somewhat of a difficult day for most cryptocurrencies. After nearly 10 days of solid upward momentum, the bearish pressure is forming quickly. A few currencies are still in the green whereas others are bleeding value. The Bitcoin Cash price, for example, has quickly lost 13.5% in value, which is still … Read more
Bitcoin’s Latest ”Crash” Is Nothing New
The first quarter of 2018 is on record as the worst in bitcoin’s price history. Just shy of 115 billion USD in market capitalization has been erased. Nearly half of its price from the start of this year is gone. For those relatively new to the ecosystem, it might seem like the time to panic … Read more
