Bitcoin Smashes $59,800 as $212M in Liquidations Rattle Traders

August 8, 2024 Bitcoin.com

Bitcoin

The crypto economy experienced a 5.6% boost over the past 24 hours, reaching $2.07 trillion by Thursday. Bitcoin has soared past the $59,800 mark, while ethereum has exceeded $2,500 per coin. This rapid climb on Aug. 8 resulted in $212.59 million in derivatives liquidations across the entire crypto market within the last day. Crypto Economy […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Peter Schiff Warns Against Owning Bitcoin ETFs, Cites ‘Not Your Keys, Not Your Coins’

August 6, 2024 Bitcoin.com

Bitcoin

Economist and gold advocate Peter Schiff argues that bitcoin exchange-traded funds (ETFs) contradict the core principles of the cryptocurrency by undermining decentralization and peer-to-peer transactions. He criticizes recent buyers of bitcoin for focusing solely on profit, suggesting this behavior indicates an impending collapse. Schiff also slammed Senator Cynthia Lummis’ bill proposing a U.S. bitcoin reserve, […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Over $1B wiped out in crypto liquidations as global markets suffer

August 5, 2024 Coin Telegraph

Over B wiped out in crypto liquidations as global markets suffer

Bitcoin

Crypto traders faced significant losses as major cryptocurrencies, including Bitcoin and Ether, experienced a sharp decline, resulting in over $1 billion in liquidations.

Crypto investors and traders lost approximately $1.08 billion in total liquidations amid uncontrolled falling prices of prominent cryptocurrencies, including Bitcoin, Ether and Solana.

On Aug. 5, crypto market prices saw a significant decline owing to the weakening global economy, which was catalyzed further by the sudden crash of Japan’s stock market. In the process, nearly 300,000 crypto traders were liquidated from their leveraged positions or collateral trades, according to data from Coinglass.

Amid the ongoing bear market, the prices of the most popular cryptocurrencies depreciated, with Bitcoin (BTC) and Ether (ETH) falling by over 10% and 20%, respectively. As a result, crypto traders anticipating a prolonged bull run lost their positions in the bloodbath.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Bitcoin ‘late longs’ washed out as BTC price falls to $65K

July 30, 2024 Coin Telegraph

Bitcoin

Bitcoin leveraged positions increased over the past week, and a portion of these late longs have been wiped out as BTC price dropped closer to $65,000.

Bitcoin bears extended the sell-side activity after the July 30 Wall Street open as the drop below $66,000 resulted in a large decrease in leveraged longs.

Data from Cointelegraph Markets Pro and TradingView showed Bitcoin (BTC) price trading at $65,798, down 2.3% over the last 24 hours.

This followed a series of failed attempts to rise above $70,000, suggesting that this area is important to bears.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Crypto Market Slump: Key Currencies Drop Amid Rising Trade Activity

July 30, 2024 Bitcoin.com

Bitcoin

The cryptocurrency market experienced a downturn on Tuesday, decreasing by 1.94% against the U.S. dollar, lowering the total market value to $2.38 trillion. Leading cryptocurrencies, including bitcoin, solana, binance coin, dogecoin, and cardano, faced losses. In contrast, ethereum, xrp, and toncoin achieved modest gains. Crypto Market Dips, Long Positions Lead to $134.65M in Liquidations Bitcoin […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Bitcoin Peaks at $69,404 as Short Liquidations Surpass $27M

July 27, 2024 Bitcoin.com

Bitcoin

The price of bitcoin (BTC) increased by 1.9% over the past day, peaking at an intraday high of $69,404 around 9 a.m. EDT on Saturday. Over the last week, BTC has climbed by 3.1% and has risen 16.8% over the past two weeks. Bitcoin’s Upward Momentum: Key Stats and Market Impact Bitcoin is gaining momentum […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Bitcoin’s Flash Crash Below $66K and Rebound Above $68K Following Biden’s Election Decision

July 21, 2024 Bitcoin.com

Bitcoin’s Flash Crash Below K and Rebound Above K Following Biden’s Election Decision

Biden withdrawal

On Sunday at 4:30 p.m. EDT, bitcoin (BTC) is trading between $67,968 to $68,108 per unit, following a flash dip to $65,833 per coin after U.S. President Joe Biden announced his withdrawal from the 2024 election. The volatility on July 21 led to the liquidation of $37.32 million in bitcoin long positions over the past […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Bitcoin drops below $54K as crypto liquidations near $665M

July 5, 2024 Coin Telegraph

Bitcoin

Around $222 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February.

Bitcoin (BTC) hit a four-month low of $53,499 on Coinbase as news of Mt. Gox’s latest cold wallet transfer hit the markets.

BTC plummeted starting at around July 5 at 4:19 am UTC — its lowest level since late February, per TradingView. Meanwhile, crypto liquidations have climbed to $664.5 million over the past 24 hours — its highest in two months, according to CoinGlass.

Bitcoin has slightly recovered to $54,300, down around 7.4% in the last 24 hours.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Over $370,000,000 in Bitcoin, Ethereum and Altcoins Liquidated in 24 Hours As BTC Briefly Dives Below $57,000

July 4, 2024 The Daily Hodl

Altcoins

Options traders are seeing hundreds of millions of dollars worth of losses as Bitcoin (BTC) suddenly plummets below $57,000 and altcoins collapse. According to crypto data aggregator Coinglass, over $379 million in liquidations have occurred in the last 24 hours — nearly 90% of them from leveraged long positions. Binance, the world’s largest crypto exchange […]

The post Over $370,000,000 in Bitcoin, Ethereum and Altcoins Liquidated in 24 Hours As BTC Briefly Dives Below $57,000 appeared first on The Daily Hodl.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Bitcoin Price Decline Continues, Dipping to $64,050 on Bitstamp

June 18, 2024 Bitcoin.com

Bitcoin

The price of bitcoin (BTC) fell below the $65,000 mark on Tuesday, reaching a low of $64,050 on Bitstamp. At 10:10 a.m. Eastern Time, BTC was trading at around $64,624 per coin. The last time BTC was in this price range was mid-May. Over the past 24 hours, $68.3 million in bitcoin long positions have […]

Liquidations

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