Tags : billion

Cryptocurrency

$3.7 billion liquidated as crypto markets react to Biden’s tax

Over $3 billion worth of crypto positions were liquidated this morning amidst a broader sell-off, data from multiple sources showed. Some market watchers attributed the drop to a proposal made by US president Joe Biden yesterday. The crypto drop ‘Liquidations’ occur when traders borrow excess capital from brokerages/exchanges (i.e., ‘margin’ or trading futures) to place […]Read More

Bitcoin

A $1.45 billion Bitcoin fund is soon listing on NASDAQ

3IQ Corp, the company behind a $1.45 billion Bitcoin Fund listed on the Toronto Stock Exchange (TSX), is gearing up to list it on Nasdaq Dubai, local outlet The National reported today. “We’re aiming for listing in the second or third week of May and trading by the end of May. Listing the fund on […]Read More

Cryptocurrency

1 million crypto traders see nearly $10 billion in liquidations

Traders saw nearly $10 billion in liquidations on Sunday morning as the crypto market saw a deep pullback, data from markets tool Bybt shows. Over 1 million individual accounts were liquidated. aftermath of today pic.twitter.com/ujSlotcglr — red (@redxbt) April 18, 2021 Wooosh ‘Liquidations’ occur when traders borrow excess capital from brokerages/exchanges (i.e., ‘margin’ or trading […]Read More

Bitcoin

Crypto market’s slump liquidates $1.4 billion off the trading board

Around $1.4 billion worth of trading positions got liquidated today as the crypto market dove into the red zone, according to crypto metrics platform ByBt. Earlier today, the price of Bitcoin dipped from $58,660 in the morning to as low as $55,990, dragging most cryptocurrencies alongside. “$946.71M worth of longs liquidated in the past four hours,” […]Read More

Bitcoin

$1.6 billion liquidated after Bitcoin briefly falls under $54,000

Bitcoin fell to under $54,000 in the morning hours amidst a broader sell-off in the crypto market. The asset later recovered slightly and traded over $54,700 at press time. Bitcoin….gone Data from markets tool Bybt showed over $1.6 billion worth of crypto positions were ‘liquidated’ as a result of the price plunge, with $953 million […]Read More

Bitcoin

SkyBridge Capital CEO says Elon Musk owns over $5 billion

Electric car giant Tesla’s $1.5 billion investment in Bitcoin is less than one-third of the total crypto reserves held by Elon Musk and his companies, Anthony Scaramucci, CEO of investment firm SkyBridge Capital, asserted today. “Elon Musk didn’t stop with Tesla. I understand that SpaceX owns Bitcoin on its balance sheet,” Scaramucci tweeted, adding: “Elon […]Read More

Bitcoin

Bitcoin mining firm plans $2 billion NASDAQ listing via SPAC

A U.S.-based Bitcoin mining firm, named Cipher Mining Inc., will result from the merger between Bitfury subsidiary Cipher Mining Technologies Inc. and Good Works Acquisition Group, in a special purpose acquisition company (SPAC) deal. The combined company is valued at $2 billion. Plans are in place to list it on the NASDAQ under the ticker […]Read More