Friday, May 21, 2021
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Bitcoin’s epic $7.5B long squeeze just made BTC price more bullish — Here’s why

May 19's price crash in the Bitcoin (BTC) spot market wiped about $7.56 billion worth of long-leveraged positions from cryptocurrency derivatives markets.Leveraged bullish investors winded up around $7.5 billion in longs on May 19. Source: BybtThe event marked the biggest bullish leverage wipeout since March 2020. Retail and institutional investors

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Bitcoin price gains 40% in a day as altcoins, Cardano and Dogecoin join $42K BTC

Bitcoin (BTC) hit $42,000 on May 20 as altcoins joined the largest cryptocurrency in its record-breaking comeback.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price hits February highsData from Cryptox Markets Pro and TradingView shows BTC/USD spiking to previous all-time highs from February on Thursday.At the time of writing, volatility was back

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‘Cultish’ Bitcoin comments by Nobel Prize winner strike at heart of BTC

Long-time cryptocurrency critic and Nobel Prize-winning economist Paul Krugman said in a string of tweets on Wednesday that Bitcoin (BTC) could very well survive indefinitely, but only as a fundamentally useless cult. Krugman’s harsh words were prompted in response to Wednesday’s market plunge which saw numerous coins lose close to

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