Best Crypto to Buy Now After Largest Liquidation Event Since FTX Collapse
Donald Trump’s plan to put large tariffs on goods from Mexico, Canada, and China has stirred up a storm in the crypto market. A massive sell-off happened over the weekend, with the total crypto market cap dropping by half a trillion dollars. Although several news outlets suggest that over $2.27B have been liquidated, Bybit’s CEO says the liquidation could well be in the $8B-10B range. He believes the numbers being circulated don’t reveal the full picture because crypto exchanges typically limit liquidation data. Even worse, most of these liquidations come from long....
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Multiple events in the last two months have seen various crypto lending platforms come under fire from both a liquidity and investor confidence angle. The first which had been the LUNA collapse had been the trigger for the rest such as the Celsius insolvency and the subsequent liquidation of Three Arrows Capital (3AC), the largest […]
Crypto liquidations across the market have ramped up in the last 24 hours. Digital assets in the space suffered declines in the last day, which has led to hundreds of millions of dollars being wiped from traders. These liquidations span the entire crypto market with hundreds of thousands of traders getting caught in one of the worst liquidation events of 2022. $830 Million Shaved Off Crypto Market In the space of 24 hours, there have been more than $830 million in liquidations recorded across the crypto market. It marks the second-largest liquidation event recorded so far in 2022, only....
The Ethereum price saw a notable price plunge on Monday when the Ethereum Foundation reportedly started selling coins. This plunge, in turn, triggered a series of liquidation events that have seen ETH traders suffer massive losses in the last day. Ethereum Liquidation Volumes Cross $30 Million. By Tuesday, October 10, the Ethereum liquidation numbers triggered by the price crash ramped up quickly to cross the $32 million market. As expected, long traders suffered the majority of the losses with Coinglass data pointing to 87.61% of all ETH liquidation volumes coming from long traders.....
Galaxy Digital CEO Mike Novogratz says that despite massive sell-offs across a broad range of cryptocurrencies, the story of crypto has not changed and “the crypto revolution has happened.” While viewing the current market as a “liquidation event” and a setback, Novogratz still believes in the long-term adoption of bitcoin. Crypto Revolution Amid ‘Liquidation Event’ Mike Novogratz shared his view on the crypto market in an interview with CNBC this week. He calls the bitcoin plunge a “liquidation event” that feels like capitulation. The Galaxy....
Over the weekend, the crypto market experienced its largest correction in months, reportedly fueled by the new US tariffs on Canada, Mexico, and China. The market closed the first two days of February in red, with a 21% retrace from Friday’s highs. The news also ignited a massive leverage liquidation worth billions of dollars. Despite […]