More than 400,000 traders were liquidated over the past 24 hours as Bitcoin plunged back below $100,000.
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On Dec. 5, Bitcoin retreated further from the psychologically crucial $100,000 level, briefly dipping below $93,000 and triggering a significant amount of long position liquidations.
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Dogecoin, XRP, Stellar and Sandbox saw a larger liquidation share than usual as some top altcoins from the 2020-2021 cycle soared as high as 50%.
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About $180 million in short positions have been wiped as Bitcoin hit another new all-time high of $81,358.
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Traders who bet the crypto market would keep rising have suffered a the second largest day of liquidations this month as Bitcoin and Ether both slid on the day.
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Bitcoin has reached its highest price so far in October, surging above $64,000 early on Oct. 14 and liquidating over $52 million from those betting its price would fall.
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Bitcoin had a rough Wednesday, starting the day above $62,000 but quickly slipping to a daily low of $60,541. The market turbulence didn’t stop there, as over $40 million in bitcoin long positions were wiped out. Across the broader crypto space, both long and short positions saw liquidations totaling $169.45 million in the past 24 […]
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On Monday, Oct. 7, bitcoin (BTC) reached an intraday peak of $64,444, giving traders plenty to buzz about. By the end of Monday’s trading sessions, BTC had gained 2% against the U.S. dollar. The global crypto trading scene saw an impressive $92.617 billion in volume, with bitcoin grabbing a $29.85 billion slice of that pie. […]
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Bitcoin’s price briefly dipped to an intraday low of $59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $60,000 mark, though it continues to face challenges in maintaining this key psychological level. Crypto Market Sell-Off Drives Traders to Stablecoins At 1 p.m. EDT on […]
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Bitcoin stumbled on Tuesday, casting a shadow over the much-anticipated ‘Uptober.’ Around 11 a.m. EDT, prices dipped to an intraday low of $61,801 on Bitstamp. Bitcoin Sinks, $289 Million in Longs Liquidated Across Crypto Markets Over the past 24 hours, bitcoin (BTC) slid 1.8%, and by 12:15 p.m. EDT, it hovered at $62,600 per unit, […]
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