Saturday, May 22, 2021
Home > Price

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

Read More

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

Read More

Bitcoin Price Dips to Around $36K, Market Sees $3.8B in Liquidation as Downward Spiral Continues

Out of the over $3.8 billion worth of cryptocurrencies liquidated, $2.1 billion came from Bitcoin trades, $1.01 billion from Ethereum trades with $115.4 million coming from XRP trades.Bitcoin (BTC) price fell below $40,000 for the first time in over three months, hitting an intraday low of around $36,000 at 7:30

Read More

Data shows the ‘Bitcoin price drops ahead of CME expiries’ claim is a myth

Historically, activity surrounding the Bitcoin (BTC) monthly futures and options expiry has been blamed for weakening bullish momentum. A few studies from 2019 found a 2.3% average drop in BTC price 40 hours before the CME futures settlement date. However, as Cryptox reported in June 2020, the effect faded away. While

Read More

Cardano (ADA) Price Hits ATH of $2.18, Bitcoin Struggles Around $50K

The Proof-of-Stake Cardano surged 18% today smashing past $2 for the first time and hitting its new all-time high. Cardano co-founder Charles Hoskinson said it is 1.6 million times more energy-efficient than Bitcoin.After this week’s major market correction, the cryptocurrency market, especially altcoins, has recovered strongly. Earlier today, Cardano (ADA)

Read More