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XRP Liquidations Soar as SEC Lawsuit, Token Airdrop Whipsaw Markets

Liquidations for XRP futures contracts have soared at year’s end as bullish signals in November followed by decidedly bearish news in December whipsawed the token’s price.Over $1.5 billion worth of XRP futures contracts have been liquidated since the start of November, per data from analytics provider Bybt. Barely $700 million

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Bitcoin Liquidations Exceed $1B in 24 Hrs as BTC heads to $23k

Quick take:78,156 traders have been liquidated in the last 24 hours as Bitcoin zoomed past $20kTotal liquidations in the same time period have hit $1.1 Billion$956.13 Million are Bitcoin liquidations90%+ of the liquidations were short positionsBitcoin’s $20k price ceiling has broken hard with the King of Crypto continuously setting all-time

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Spot Markets, Not Leverage, Fuel Bitcoin’s Price Rally Amid Mild Derivative Liquidations

Red-hot spot markets are primarily fueling bitcoin’s recent rally as the leading cryptocurrency trades at three-year highs around $15,500, suggesting the bull market may have room to continue. Unlike previously rallies, derivatives markets are playing a markedly less prominent role, demonstrated by mild liquidation volumes. The presence of derivatives in bitcoin’s

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Blockchain Bites: Major Acquisitions, Bitcoin Futures Liquidations and the SEC’s New Rules

FTX acquired Blockfolio, ConsenSys acquired Quorum and police have seized the third-largest exchange in South Korea. And news broke the U.S. Securities and Exchange Commission (SEC) has formalized new “accredited investor” rules. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re

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