Monday proved to be a tough day for cryptocurrency markets, with the crypto economy shrinking by 6.31% in just 24 hours and $ 1.5 billion in crypto derivatives positions vanishing. Bitcoin (BTC) found itself hanging on between $ 96,800 and $ 97,000 per coin, though it briefly plummeted to $ 94,249, …
Bitcoin Hits $67.9K Mark, Short Positions Liquidated in Wake of Price Climb
At 9:35 a.m. EDT on Tuesday, bitcoin reached a peak of $ 67,922. By 10:20 a.m., it was still riding high, trading between $ 66,905 and $ 67,101, marking a nearly 3% increase. This uptick pushed bitcoin’s seven-day gains to 6.7% against the U.S. dollar. According to recent data, ‘Uptober’ returns now …
Bitcoin Tops $66K as Inflation Cools, $9.67M in Shorts Liquidated
Crypto Market Chaos: $93M Liquidated in 4 Hours as Bitcoin Crashes Below $54K
Grayscale Report: Liquidated Long Perpetual Positions Fueled ETH’s Black Monday Flash Crash
Ethereum’s Aug. 4 decline could have been fueled by the liquidation of a portion of long positions in perpetual futures, the Grayscale report concluded. The crypto asset’s decline was epitomized by its over 7% drop in just three minutes on Aug. 4. Jump Crypto’s rumored offloading of more than 17,500 ether coins, as well as […]