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Bitcoin Smashes $59,800 as $212M in Liquidations Rattle Traders

The crypto economy experienced a 5.6% boost over the past 24 hours, reaching $2.07 trillion by Thursday. Bitcoin has soared past the $59,800 mark, while ethereum has exceeded $2,500 per…

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Bitcoin Premium Climbs to 6% in South Korea Amid Market Turbulence 

On Wednesday, at approximately 4:11 p.m. EDT, bitcoin’s value against the U.S. dollar stood at $54,709 per unit, reflecting a 3.41% decrease over the preceding 24 hours. Concurrently, in South…

Continue ReadingBitcoin Premium Climbs to 6% in South Korea Amid Market Turbulence 

Bitcoin Faces ‘Mid-Cycle Wipeout’ as Markets Plunge: Glassnode Report

The latest report from onchain analysis firm Glassnode highlights a significant market downturn, marked by a 32% decline in bitcoin’s value, the largest drawdown of the current cycle. The study…

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Following the Crypto Downturn, Market Observers Predict a 2020-Style Comeback

Over the past 24 hours, as market values have declined significantly, many observers have begun discussing the current crypto market cycle and the potential for digital currency prices to recover.…

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Double-Digit Crypto Losses Sweep the Market—Over 60 Coins in Freefall

Presently, the cryptocurrency market is experiencing a significant downturn, with bitcoin dropping 24% this week and ethereum shedding 30% against the U.S. dollar. While these losses are notable, some digital…

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Crypto Carnage: $1.15B in Leveraged Positions Annihilated as Bitcoin Nosedives

As of 9 a.m. EDT on Monday, the crypto market experienced a $1.15 billion loss in derivatives positions, with $975.93 million of these being long positions. Of that total, approximately…

Continue ReadingCrypto Carnage: $1.15B in Leveraged Positions Annihilated as Bitcoin Nosedives