Summary:
Bitcoin soared back above ,500 on Wednesday, less than one week after losing the support line in response to the regulatory crackdown against an industry giant last week. The event has triggered 0 million in liquidations within the past 24 hours. Bitcoin began the day trading for roughly ,000 but began to climb at 11:38 US, reaching ,800 within 40 minutes. The cryptocurrency soared again at about 18:24, eventually climbing to a high of ,348 by 19:30. It trades for ,809 at writing time. Coinglass shows that million in liquidations have occurred in the past 4 hours after the pump – most of which occurred on Bitcoin and Ether trades. Over 28,000 traders were recorded getting liquidated within the past 24 hours, with the largest single liquidation
Topics:
Andrew Throuvalas considers the following as important: AA News, Bitcoin (BTC) Price
This could be interesting, too:
Bitcoin soared back above ,500 on Wednesday, less than one week after losing the support line in response to the regulatory crackdown against an industry giant last week. The event has triggered 0 million in liquidations within the past 24 hours. Bitcoin began the day trading for roughly ,000 but began to climb at 11:38 US, reaching ,800 within 40 minutes. The cryptocurrency soared again at about 18:24, eventually climbing to a high of ,348 by 19:30. It trades for ,809 at writing time. Coinglass shows that million in liquidations have occurred in the past 4 hours after the pump – most of which occurred on Bitcoin and Ether trades. Over 28,000 traders were recorded getting liquidated within the past 24 hours, with the largest single liquidation
Topics:
Andrew Throuvalas considers the following as important: AA News, Bitcoin (BTC) Price
This could be interesting, too:
Chayanika Deka writes Chinese E-commerce Giant Alibaba Downsizing Metaverse Unit to Streamline Operations: Report
Wayne Jones writes Binance Co-Founder Clarifies Asset Listing Policies, Dispels FUD
Wayne Jones writes Bitcoin Poised for 0K, Trump Win May Be Short-Term Catalyst, Says Analyst
Chayanika Deka writes Financial Nihilism Fuels Meme Coin Frenzy as Traditional Finance Loses Appeal: Binance
Bitcoin soared back above $23,500 on Wednesday, less than one week after losing the support line in response to the regulatory crackdown against an industry giant last week.
The event has triggered $120 million in liquidations within the past 24 hours.
- Bitcoin began the day trading for roughly $22,000 but began to climb at 11:38 US, reaching $22,800 within 40 minutes.
- The cryptocurrency soared again at about 18:24, eventually climbing to a high of $23,348 by 19:30. It trades for $23,809 at writing time.
- Coinglass shows that $68 million in liquidations have occurred in the past 4 hours after the pump – most of which occurred on Bitcoin and Ether trades.
- Over 28,000 traders were recorded getting liquidated within the past 24 hours, with the largest single liquidation occurring on Bybit BTC/USD trade for $2.54 million
- Ether also soared on the day, rising from $1,550 at midnight to $1,633 at writing time.
- Bitcoin hovered close to $23,000 for weeks before temporarily plunging on Thursday after the Securities and Exchange Commission levied a $30 million fine against Kraken for not registering its staking service.
- The event spurred widespread fear about a post-FTX regulatory clampdown against the crypto industry – especially rival staking products like that offered by Coinbase.
- Bitcoin dropped even further on Tuesday in response to January’s 6.4% U.S. inflation figure, which was higher than expected.
