While Bitcoin Tapped New Price Highs, 78,000 Short Positions Worth Over $800 Million Got Liquidated

While Bitcoin Tapped New Price Highs, 53,000 Shorts Worth Over $500 Million Got LiquidatedWhile bitcoin has crossed a new all-time price high in 2021, traders are leery toward shorting the crypto asset. Data from Bitfinex shows the number of short contracts has been extremely low in comparison to the total number of shorts in mid-March 2020. On Saturday, January 2, 2021, when the price of bitcoin surpassed $33k, […]

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Weekend Market Action Sees Bitcoin Touch $24K, $1 Billion in Short Positions Liquidated

Bitcoin and the crypto economy continue to see strong gains, as the price of the leading crypto-asset touched an all-time high on Saturday, December 19, 2020. That morning around 11:45 a.m. EST, bitcoin touched a price high at $24,217, but got pushed below the $24k handle shortly after. The entire cryptocurrency economy is up over […]

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Market Update: Bullish Bitcoin S2F Chart, 6-Digit Prices, Liquidations Prime Crypto Values

Market Update: Bullish Bitcoin S2F Chart, 6-Digit Prices, Liquidations Prime Crypto ValuesThe price of bitcoin and a number of cryptocurrencies have been sliding downward in value during the last 72 hours, after bitcoin touched a high of $9,700 on May 30, 2020. On Monday, June 1, the price is up 0.06% and trading for $9,578 per coin during the morning trading sessions. The market capitalization of […]

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‘Black Thursday’ Liquidations Sparks $28M Lawsuit Against Maker Foundation

'Black Thursday' Liquidations Sparks $28M Lawsuit Against Maker FoundationThe Maker Foundation is being sued in a class-action lawsuit for $28 million over the March 12 event that caused over $2 million in liquidations. The lawsuit alleges that the team behind the Makerdao project did not explain the extreme risk of loss to investors. Also read: ETH Price Strains Defi Collateral Loans as ‘Black […]

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Crypto Exchanges See Bitcoin Reserves Drop by 70% Since Black Thursday’s Market Rout

Crypto Exchanges See Bitcoin Reserves Drop by 70% Since Black Thursday's Market RoutSince the market carnage on March 12 otherwise known as Black Thursday, the exchange Bitmex has seen 36% of the trading platform’s bitcoin reserves withdrawn. A few other well-known crypto exchanges have seen cold wallets drained, while other trading platforms have witnessed reserve increases. Also read: Spain’s Lawmakers Plan to Provide Basic Income to Low-Income […]

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Bitcoin Miners Are Selling Coins Faster Than They Can Generate Them

According to data sites and a number of observers, bitcoin miners are selling coins faster than they can produce them. Ever since the market downturn on March 12 and the week of falling prices that followed, bitcoin miners have been struggling. Also read: Bitcoin Hashrate Down 45% – Miners Witness Second-Largest Difficulty Drop in History […]

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