Markets

Pac Finance, a lending app on Blast, has had its users report a $24 million liquidation on April 11 due to a sudden change in parameters by the developer wallet. Mass liquidations are common for leveraged traders who borrow crypto, but they often occur due to fluctuations in the market, not protocol parameter changes. Pac Finance LTV Change Leads to Liquidation Pac Finance is a platform where crypto holders can earn interest by lending their assets. The app implements a...

The total crypto market saw a massive correction on Friday evening, with more than $200 billion leaving the space within hours. The liquidations have shot up to nearly $1 billion on a daily scale, but some of the most notable losers come from the ever-volatile meme coin niche. CryptoPotato already reported the big Bitcoin retracement that took the primary cryptocurrency from around $71,000 earlier today to a weekly low of $65,000 within minutes. However, that’s just a part...

A CryptoQuant analyst has revealed that Bitcoin (BTC) still faces the risk of a deeper price correction even as the halving event draws near. According to a Quicktake by Gaah on the on-chain analysis platform, the crypto market is still hot as it is in a dangerous price region for leveraged traders. Significant pressure could trigger a correction that would break bitcoin’s current price structure. BTC Faces Correction Risk At the time of writing, open interest for Bitcoin...

BlackRock’s IBIT spot Bitcoin exchange-traded fund (ETF) has crossed the $15 billion mark in total inflows, a new high since it began trading on January 11. However, the overall daily inflows for spot Bitcoin ETFs have been decelerating since their peak on March 12, when they were $1.05 billion. BlackRock’s IBIT Daily Inflows Surge BlackRock’s IBIT recorded its largest single daily inflow since April 5, totaling $192.1 million, pushing its total inflows to $15.1 billion,...

The cryptocurrency market is filled with aspiring traders who bet on various tokens in the hopes of making it big and retiring early. For many of them, crypto is a way to leave their day job and earn from the comfort of their home. Despite their eagerness and dedication the crypto market forces are not always in their favor. However, in 2024 the crypto market is beaming with bullish momentum and an overall positive sentiment. Rising investor confidence and market...

Meme coin mania is back, and this time it’s Slothana leading the way. This new Solana-based project has already raised over $10 million in its presale – leaving traders buzzing that Slothana (SLOTH) could potentially replicate BONK’s incredible run from late 2023. Slothana Sparks Meme Mania with $420M Market Cap Goal Slothana is tapping into two things the crypto world can’t seem to get enough of – meme coins and playful mascots. The project’s SLOTH token features a chill,...

Bitcoin continues its persistent sideways trend with its price hovering around $69000. This is due to the upcoming Bitcoin halving event that is estimated to happen on 19 April. Historically in the crypto market, Bitcoin halvings have shown significant price fluctuations due to the crypto whales trying to manipulate the market.  As a result, there is speculation that the halving event would act as the catalyst one more time to restore the bullish Bitcoin trend and...

Bitcoin cash is eyeing a fresh increase above the $650 resistance against the US Dollar. The price is now trading below the $640 zone and the 55 simple moving average (4 hours). There is a key contracting triangle forming with resistance at $655 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $650 and $655 to start a fresh increase in the near term. Bitcoin cash price is consolidating gains above $600 against the US Dollar,...

[PRESS RELEASE – London, United Kingdom, April 11th, 2024] Metacade, the leading blockchain gaming platform, takes a monumental leap forward with the integration of multi-chains into its ecosystem. This Omni-layer development provides universal application reach, resolving blockchain fragmentation and empowering builders across diverse chains. The rapid integration of the Metacade Tournament Platform with the Base Layer 2 Rollup within 12 hours showcases Metacade’s technical...

The cryptocurrency market kicked off the week with most of the top cryptocurrencies trading on the green, and XRP is among them, exchanging hands at $0.61 at press time. After analyzing the asset’s monthly chart, Dark Defender – a well-known crypto analyst who commonly breaks down the price action of altcoins – concluded that XRP is poised for a significant price increase. He anticipates that it will break out of its current price range and make substantial gains in April,...