Tags : Scare

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

Bitcoin Weekly Outlook: India Ban Scare, FOMC Meeting in Focus

Key Bitcoin Takeaways Bitcoin slipped on Monday after logging a record high above $61,000 during the weekend session. Fears of a crypto ban in India and recovering US dollar and bond yields pressured the cryptocurrency. More clues about the market bias to come from this week’s Federal Open Market Committee’s meeting. Bitcoin fell more than […]Read More