Tags : Markets

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

Bitcoin Hits $100,000 in Turkish P2P Markets as Lira Plummets

The cost to purchase one Bitcoin in Turkey’s peer-to-peer crypto markets has surged to over $100,000. According to data fetched from LocalBitcoins.com, the minimum Ask price for Bitcoin has reached 509,840 Turkish Lira (~$64,000). Meanwhile, some offline exchanges demand as much as $100,000 in Lira for one flagship cryptocurrency, almost twice higher than its global […]Read More

Bitcoin

Cryptos Rally off Equity Markets and Institutional Interest

The Crypto market rose on Monday as new macro factors and institutional interest weighed in. Cryptos Recover from Selloff Following last week’s sell-off, Bitcoin and the broader crypto market rallied alongside the US equity markets. Bitcoin (BTC) retraced back up to $49,000, with Ethereum (ETH) recovering to $1,500. The biggest crypto names all recovered to […]Read More

Blockchain

How Crypto Transforms Prediction Markets

Prediction markets are speculative platforms where traders can place bets on the outcome of future events, such as “Will Joe Biden win the 2024 presidential election?”. If their bet was correct traders earn money but if they are wrong they lose the wagered amount. Users obviously want to make money from these markets, which include […]Read More

Market

Litecoin Hits 3-Year High as Prices Surge Across Altcoin Markets

Alternative cryptocurrencies such as litecoin, Cardano and Chainlink are flying high Wednesday, as bitcoin takes a bull breather. Litecoin traded at $195 earlier on Wednesday, its highest level since March 2018, according to CoinDesk 20 data. At the lower press-time price of $180, the cryptocurrency is up 8.3% on a 24-hour basis. Litecoin’s network activity […]Read More

Market

Kraken Adds 26 New Crypto Trading Pairs to Capture Growing

Cryptocurrency exchange Kraken has more than doubled the number of trading pairs available to customers using pound sterling (GBP) and the Australian dollar (AUD). In a press release Thursday, the exchange said the move expands its presence in two markets that have “substantial upside potential.” “The digital currency industry is at a critical tipping point […]Read More

Bitcoin

Bitcoin Reclaims $36,000 amid Global Markets’ Re-Risking; What’s Next?

Bitcoin advanced Tuesday after falling 8.5 percent in the previous session, displaying bullish continuation signs amid global re-risking sentiment. The benchmark cryptocurrency touched an intraday high above $36,500, up 21.35 percent from its week-to-date low near $30,000. Traders flocked back into the market after sensing short-term buying opportunities near the said local bottom. In doing […]Read More