Tens of thousands of crypto traders were liquidated last night as Bitcoin briefly dropped to under $30,500, data from multiple sources shows. Altcoins saw a similar dump as a result, with millions of dollars getting shaved off on lesser-known coins like AXIE and SAND. Over 82,000 traders were liquidated, with the largest single liquidation order […]Read More
Bitcoin spot exchanges outflow transaction count hit a year high, data from CryptoQuant, a popular on-chain data analysis tool for Bitcoin and other cryptocurrencies, showed. $BTC spot exchanges outflow transaction count hits a year high View chart👉https://t.co/GMN0Qjtjqy pic.twitter.com/pBXnnngBaQ — CryptoQuant.com (@cryptoquant_com) July 6, 2021 As the network re-adjusted its difficulty, Bitcoin mining saw a sharp […]Read More
Billionaire fund Soros Fund Management, owned by George Soros, and trading fund Point72 separately revealed their moves into the Bitcoin space yesterday, becoming the latest entrants in an expanding list of institutional funds interested in cryptocurrencies. Inroads into crypto Soros, 90, who famously shorted the British Pound in 1992 and made a billion dollars on […]Read More
Bitcoin dipped to over $28,000 yesterday, sending other altcoins in a downward spiral and chalking up one of the biggest crypto ‘liquidation’ days in a few weeks. Several large-cap cryptos like Solana, XRP, and Polkadot saw double-digit percentage declines. Their corresponding futures products did, too, see falling prices, causing a long line of liquidations in […]Read More
Decentralized finance (DeFi) recently topped $100 Billion in total value locked (TVL), which has restarted a familiar conversation regarding volatility in this space, and how best to track it. What’s new this time around is the introduction of the ability of DeFi traders to capitalize on volatility in the same capacity that traders on Wall […]Read More
Millionaires in China are turning to over-the-counter services to trade and buy Bitcoin and other cryptocurrencies even as the local government says it would crackdown on the sector, as per a report on business outlet Bloomberg today. Rising exchange rate Officials in the country said earlier this month they would hunt down and end mining […]Read More
Dogecoin (DOGE) and Shiba Inu (SHIB) traders lost over $200 million yesterday after Ethereum’s Vitalik Buterin dumped part of his stack, data from markets taken by Bybt shows. While Dogecoin has been memed into supposed legitimacy by the likes of Elon Musk, ‘petcoin’ Shiba Inu went from near-obscurity to temporarily become the world’s twelfth-largest cryptocurrency […]Read More
Shiba Inu (SHIB), the meme coin that was launched as a Dogecoin rival back in 2020, zoomed to the top-20 market cap yesterday after a TikTok- and social media-driven frenzy, data shows. Traders, however, lost millions of dollars punting on the currency’s futures. Millions gone SHIB “investors,” as recent as those in the past week, […]Read More
Thailand’s crypto traders will be soon required to be physically present for opening an account at one of the many exchanges and wallet providers based in the country, local outlet Bangkok Post reported today. A growing crypto market The country is a small, but growing, crypto market. As per the local Securities and Exchange Commission, […]Read More
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
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