bitcoin / 326 posts found
Bitcoin Rises Above $21K as Market Sees Around $300M in Liquidation
Cryptocurrency The positive performance of Bitcoin and other major crypto assets in the last 24 hours has led to almost $300 million in liquidations. According to Coinglass data, the liquidation affected 92,465 traders leading to $286.14 million in losses. Most of the liquidation happened on Bitcoin and Ethereum. Traders in short positions liquidated Bitcoin traders recorded $103.73 million in liquidations, while Ethereum liquidation in the last 24 hours is $71.66 million. However, LUNA was a surprise inclusion with over $40 million in liquidations. LUNA 2 also recorded $9.87 million. ETC saw $8 million, and LUNA Classic liquidations were around $6 million. The […]
Here’s When Bitcoin (BTC) Price Could Witness A 2x Rally
Although negative sentiments dragged the Bitcoin price down drastically over the last few days, the asset is now displaying strength and continuing upward; it is up by 1.85% today, currently trading for $19,296. The asset’s price has a direct correlation with the U.S. Federal Reserve’s increase in interest rates. Similar selling pressure was still present on the chart of bitcoin. “Bears” to Free Fall or Grip in Winter? According to rekt capital rekt capital author at Rekt Capital Newsletter Rekt Capital AuthorTraderMarket Analyst Followers : 0 View profile , the bear market for Bitcoin (BTC) is about to reach its […]
El Salvador’s Bitcoin experiment ‘resembles’ a government digital currency, says ex-central banker
Bitcoin Andrés Arauz doesn’t fit the bill of a typical former central bank director. Just 37 years old, the Ecuadorian economist and politician is a member of the left-wing Progressive International party and recently joined the privacy infrastructure company Nym as a special adviser—returning to the private sector after coming within a few hundred thousand votes of the Ecuadorian presidency in 2021. While his counterparts at central banks across the world fret over the rise of digital currencies, Arauz has long been an advocate. During the global financial crisis in 2009, he helped design a state-managed digital money system […]
As Bitcoin Loses $19,000, Crypto’s Hopes Rest on the Ethereum Merge
Key Takeaways Bitcoin has slid below $19,000 for the first time since June. The cryptocurrency market has looked rocky for weeks despite a relief rally over the summer. Crypto traders and investors are anticipating Ethereum’s upcoming “Merge” event, but it may not have the immediate impact people have been hoping for. Ethereum’s highly-anticipated “Merge” is set to ship next week, but even that may not be enough to stop Bitcoin and the rest of the crypto market from bleeding. Bitcoin Sends Crypto Market Tumbling As is a tradition in the crypto market, September has got off to a rocky start […]
Is a Bitcoin Bull Run Closer Than We Think?
Bitcoin By Mark Hunter 1 day agoTue Sep 06 2022 07:52:18 Reading Time: 2 minutes A Bitcoin bull run may be closer than we think A chart that has foretold the past two bull runs is flashing ‘buy’ again Are we on the verge of price reversal? With all the talk of imminent economic doom and gloom, you’d be forgiven for thinking that all markets, including crypto, are in for a retraction in line with their huge expansion in recent years. However, all the talk is not necessarily translating into price action, and one long term Bitcoin chart suggests that […]