Over $700 Million Liquidated as Terra (LUNA) Crashes Below $1
Terra continues to lead the market-wide correction as LUNA has plummeted below $1, meaning a weekly drop of almost 99%. Bitcoin and the altcoins are also in the red, with…
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Bitcoin Price Analysis: Was $30K a Local Bottom or is Further Bloodbath Incoming?
Bitcoin has been on a free fall for the last few days, concluding six consecutive red weeks. The price had recently broken below the $37K level, which had provided solid…
Luna’s BTC Reserves Gone as Exchanges Halt UST Withdrawals Amid Turbulent 24 Hours
The latest move by the cryptocurrency exchange comes after LFG decided to lend $1.5 billion in BTC and UST to defend the latter’s peg. Binance has announced temporarily suspending LUNA…
Almost 47% of Bitcoin’s Supply at a Loss as BTC Price Crashed Below $30K
Bitcoin’s price crashed below $30K yesterday (on Binance) for the first time since July 2021. It reached a low of $29,730. Data from the popular analytics resource, CryptoQuant reveals that 46.8% of…
El Salvador Buys Another 500 Bitcoin Amid Market Pullback
El Salvador president Nayib Bukele has announced another Bitcoin purchase amid the current crypto market turmoil. Over Twitter, Bukele claimed to have bought exactly 500 Bitcoin for an average of…
Over $300 Million Liquidated in an Hour as Bitcoin Plunged to $31K
More carnage swept through the crypto markets today, with another $300 million worth of trades liquidated within an hour. This happened as Bitcoin’s price plunged as low as $31,000 –…
3 Possible Reasons For Bitcoin’s $6K Weekly Crash
Bitcoin’s price has been in shambles for the past few days, and it has lost a total of $6K off its dollar value since May 5th. This represents a decrease…
For the First Time in 8 Years: Bitcoin Marks 6 Consecutive Red Weekly Candles
Bitcoin’s price has suffered quite a bit since the end of March, losing over $15,000 in this period. Moreover, the asset’s downwards trajectory has set a negative record as it…
Bitcoin Breaks Below Multi-Month Support, Is $30K Retest Incoming? (BTC Price Analysis)
After consolidating above the $37K decisive level for a few weeks, Bitcoin was eventually rejected after another attempt at $40K and plunged below the key support following tremendous bearish momentum.…
Bitcoin Fear and Greed Index Deep in ‘Extreme Fear’ as BTC Dumped to $34K
With bitcoin’s price continuing to lose value, the popular Fear and Greed Index has dropped into an extreme fear territory once again. In fact, the metric hasn’t been in such…
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