Tags : Markets

Cryptocurrency

$2.38 billion ‘rekt’ in crypto markets as Bitcoin drops to

Over $2.38 billion worth of Bitcoin and other cryptocurrencies were liquidated in the past 24 hours as the market fell by double-digit percentages, data from multiple sources showed. Money gone ‘Liquidations,’ for the uninitiated, occur when leveraged positions are automatically closed out by exchanges/brokerages as a “safety mechanism.”  Futures and margin traders—who borrow capital from […]Read More

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

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