Tuesday, April 16, 2024
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Soaring Bitcoin (BTC) Price Hits Crypto Bears with $100M of Short Liquidations

The liquidations occurred as bitcoin rallied 4% to surpass the $31,000 price level for the first time since July, extending its October advance. Most of the alternative cryptocurrencies, or altcoins, also soared, with Chainlink's LINK, Polygon (MATIC) and Polkadot (DOT) posting 6% to 10% advances at one point. Source

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Bitcoin Price Briefly Spikes towards $30K Following False Alarm on Spot ETF Approval Leading to High Liquidations

While experts forecast the US SEC will approve a spot Bitcoin ETF within the next six months, the BlackRock’s officials confirmed that it has not received a green light on its application. Bitcoin (BTC) price experienced heightened volatility on Monday, which briefly pushed the mothercoin towards $30k. However, Bitcoin price had

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Bitcoin Price (BTC) Hits October Low as Crypto Bulls Endure $50M in Liquidations

Among large-cap cryptos, the Ripple Labs-related (XRP), litecoin (LTC) and Polkadot’s native token (DOT) fell 2%-3%. Ether (ETH) outperformed BTC and the CMI, declining 0.7% to near $1,550. Crypto derivatives traders who bet on higher prices with long positions suffered $50 million in liquidations during the day, CoinGlass data shows.

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Geopolitical Uncertainty Puts Bitcoin under Pressure, $100M in Liquidations

Despite the selling pressure, Bitcoin has outperformed the broader crypto market with its market share crossing over 50%. Bitcoin and the broader cryptocurrency market have come under selling pressure amid rising geopolitical uncertainties and a recent war eruption between Israel and Palestine. The developments led to more than $100 million

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Negative BTC Price-Volatility Correlation Returns as Crypto Traders Fear FTX Creditor Liquidations

"The impending U.S. August CPI data will likely show a rebound in inflation, which means the Federal Reserve (Fed) will probably take additional liquidity-tightening measures to curb reflation. In liquidity redistribution, crypto assets are prioritized last, which means that the liquidity stored in crypto assets could be withdrawn and invested

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