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BTC Price Down 2%, Triggering Liquidation of Over $34M in Bitcoin Longs in Derivatives Shake-Up

BTC Price Down 2%, Triggering Liquidation of Over M in Bitcoin Longs in Derivatives Shake-UpOn May 9, 2024, bitcoin’s value faced a decline, hitting an intraday low of $60,634 at approximately 7 a.m. EDT. The latest downturn has led to the liquidation of about $34.79 million in bitcoin long positions across various derivatives markets. As Bitcoin’s Value Declines, Heavy Liquidations Follow Bitcoin is facing challenges on Thursday, with its […]

Venezuela bans crypto mining to protect power grid

Bitcoin’s 61-Day Streak Above $60K Threatened, $271M in Liquidations as BTC Nears Critical Threshold

Bitcoin’s 61-Day Streak Above K Threatened, 1M in Liquidations as BTC Nears Critical ThresholdBitcoin prices experienced a notable decline on Tuesday, dropping more than 2% against the U.S. dollar in the last 24 hours, following a 7.8% decrease over the previous week. Global trading volumes on spot crypto exchanges have remained subdued, and in the past day, derivatives exchanges saw $271 million in both short and long positions […]

Venezuela bans crypto mining to protect power grid

In Its Entire History, Bitcoin Has Only Spent 0.81% of Its Life Above the $60K Line

In Its Entire History, Bitcoin Has Only Spent 0.81% of Its Life Above the K LineAs of Sunday, March 3, 2024, bitcoin’s value persists in the $60,000 per unit vicinity, signaling the fifth instance this year that its price has sustained above this level. Naturally, as bitcoin’s value escalates, its duration above such thresholds shortens when contrasted with past significant milestones such as $30,000, $40,000, and $50,000. Bitcoin’s Price Discovery […]

Venezuela bans crypto mining to protect power grid