Bitcoin Falls Below $65K Sending Crypto Liquidations to $500M
Simply put Bitcoin dropped from $67,000 to $64,000 within a couple of hours, resulting in over $500 million in liquidations. Positions in Bitcoin and Ethereum made up nearly 70% of the total liquidations. An analyst mentioned that cryptocurrencies seem “locked at the far end of the risk curve” and aren’t really seen as safe havens. […]
Coinbase’s Crypto-Backed Loans Reach All-Time High in Liquidations as Bitcoin and Ethereum Drop
Simply put This week, numerous Coinbase users faced significant losses due to issues with crypto-backed loans. The exchange saw $170 million in liquidations this past week alone. These are the largest losses recorded since the product’s launch a year ago. As Bitcoin and Ethereum prices decline, Coinbase customers are feeling the impact, with many experiencing […]
Large holders of Bitcoin are selling off significant amounts on exchanges as liquidations reflect the 2022 FTX market crash.
Bitcoin Price Experiences Significant Drop Over the last day, Bitcoin has seen a notable drop, with its value sinking to approximately $60,000, mirroring the rapid decline experienced during the 2022 FTX collapse. Currently, Bitcoin has somewhat recovered, climbing back to around $69,800, based on information from various sources. Meanwhile, on-chain reference data showcases a significant […]
Bitcoin price drops under $80,000 as $1.6 billion in liquidations sparks increased selling pressure
Bitcoin Price Drops Below $80,000 Bitcoin has recently fallen below the $80,000 mark for the first time since April, signaling a sharp decline in its value. As of Saturday, the price of Bitcoin was around $79,113, reflecting a 4% drop within just 24 hours, as reported by CoinGecko. Over the past week, it has lost […]
Bitcoin Price Drops to Zero on Paradex Exchange Due to Glitch Causing Widespread Liquidations
Paradex’s Bitcoin Perpetual Contracts Face Major Setback The price of Bitcoin on the decentralized exchange Paradex unexpectedly dropped to $0 overnight due to issues related to database migration that impacted various aspects of the Paradex blockchain, along with its block explorers, bridges, and APIs, as mentioned by several users. This situation was first noted on […]
Bitcoin Price Drops to Zero on Paradex Exchange Due to Glitch Causing Widespread Liquidations
Simply put A database migration problem at the decentralized exchange Paradex caused Bitcoin’s price to display as $0, triggering a wave of liquidations. This issue necessitated a rollback of the blockchain to its last stable state prior to the glitch. As per the exchange’s status page, services have been restored, and users’ funds are secure. […]
Ethereum Whale Purchases Increase as Market Recovers from Major Liquidations
Simply put One significant wallet acquired $55 million in ETH from BitGo on Tuesday, followed by another $13 million from Binance a day later. This buying spree aligns with an 8% increase in Ethereum’s value, along with a general rise in Bitcoin and Solana after a downturn in early December. Data on derivatives reveals heightened […]
Bitcoin, Ethereum, and XRP Drop as Rate Cut Expectations Diminish, Liquidations Approach $1 Billion
Bitcoin Faces Decline Amid Economic Uncertainty Bitcoin dropped significantly on Thursday, sliding below the $87,000 mark for the first time since April. This comes as traders grapple with the potential for a third interest rate cut this year, especially after the delay in releasing September’s job data. The price of Bitcoin dipped to $86,329, marking […]
Crypto Markets Update: BTC Price Surpasses $98K as Liquidations Exceed $1.1B
Cryptocurrency Market Faces Pressure The cryptocurrency market is encountering significant challenges right now, particularly with Bitcoin pricing. Recently, a wave of selling in a low liquidity environment caused its price to dip below a crucial support level of $98,000. This downturn led to over $1.1 billion in liquidations, with about half attributed to Bitcoin trading […]
Crypto Markets Update: Bitcoin Approaches June Low Amid $1.4B in Liquidations Impacting Altcoins
Cryptocurrency Markets Experience Decline On Tuesday, the cryptocurrency markets faced a downturn, particularly with Bitcoin experiencing a notable drop. At one point, Bitcoin’s transaction price was reported at $3,480, marking its lowest since August. Similarly, Ether is approaching its lowest point since June, currently sitting at $3,517.31. This wave of selling has led to about […]