Summary:
The bears had the upper hand in today’s trading session as markets are red across the board. Bitcoin’s price dipped to ,600, causing a serious number of liquidated long positions. Bitcoin’s price took a turn for the worst today and declined from an intraday high of around ,600 to a low of ,600, losing ,000 from its dollar value. At the time of this writing, the price hovers indecisively around ,000. BTC/USD. Source: TradingViewThe entire cryptocurrency market followed BTC’s near 10% daily decrease. Ethereum plunged to ,930, down 8% in 24 hours. Binance coin also retraced after it marked a new all-time high above 0 and currently sits at around 0 for 5% daily drop. The same is true for other large-cap cryptocurrencies such as ADA, DOT, UNI, LTC, LINK,
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George Georgiev considers the following as important: AA News, Bitcoin (BTC) Price, BTCEUR, BTCGBP, btcusd, btcusdt, social
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The bears had the upper hand in today’s trading session as markets are red across the board. Bitcoin’s price dipped to ,600, causing a serious number of liquidated long positions. Bitcoin’s price took a turn for the worst today and declined from an intraday high of around ,600 to a low of ,600, losing ,000 from its dollar value. At the time of this writing, the price hovers indecisively around ,000. BTC/USD. Source: TradingViewThe entire cryptocurrency market followed BTC’s near 10% daily decrease. Ethereum plunged to ,930, down 8% in 24 hours. Binance coin also retraced after it marked a new all-time high above 0 and currently sits at around 0 for 5% daily drop. The same is true for other large-cap cryptocurrencies such as ADA, DOT, UNI, LTC, LINK,
Topics:
George Georgiev considers the following as important: AA News, Bitcoin (BTC) Price, BTCEUR, BTCGBP, btcusd, btcusdt, social
This could be interesting, too:
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The bears had the upper hand in today’s trading session as markets are red across the board. Bitcoin’s price dipped to $55,600, causing a serious number of liquidated long positions.
- Bitcoin’s price took a turn for the worst today and declined from an intraday high of around $58,600 to a low of $55,600, losing $3,000 from its dollar value.
- At the time of this writing, the price hovers indecisively around $56,000.
- The entire cryptocurrency market followed BTC’s near 10% daily decrease. Ethereum plunged to $1,930, down 8% in 24 hours.
- Binance coin also retraced after it marked a new all-time high above $410 and currently sits at around $360 for 5% daily drop.
- The same is true for other large-cap cryptocurrencies such as ADA, DOT, UNI, LTC, LINK, and so forth.
- This market-wide pullback caused a massive number of liquidated positions where bears stood victorious.
- At press time, data reveals around $1.8 billion in liquidated long positions over the past 24 hours, representing 89.19% of the total liquidations, which amount to around $2.2 billion.
- Binance is leading the way as the exchange saw around 51% of all liquidations take place on its platform. Following are Bybit and Huobi.
- As it’s almost always the case, bitcoin futures account for the lion’s share of liquidations that currently stand at around $610K, followed by $312K from XRP and $281K from ETH in the past 24 hours.
- It’s worth noting that CryptoPotato reported earlier today that the Kimchi premium is crashing after BTC traded above $70K in South Korea.
- Crypto analytics resource CryptoQuant outlined that this has historically preceded slumps in the price of bitcoin, and it was the case once again.