XRP Faces Sharp Decline Amid Liquidations, But Pundits Say “This Week Changes...
XRP is facing renewed pressure this week after the Oct. 10 flash crash triggered record liquidations across the crypto market. The token plunged nearly 40% intraday before rebounding, now hovering between $2.20 and $2.60 as traders assess what’s next. Related Reading: Is The XRP Bottom In? Top Crypto Analyst Turns Ultra-Bullish Despite heavy whale selling and lingering volatility, market analysts insist that “this week could change everything” for XRP, with key ETF decisions and regulatory milestones approaching that could redefine its long-term outlook. XRP's price trends to the downside....
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The cryptocurrency market has experienced a sharp downturn, with Bitcoin’s price dropping below $83,000. This decline has led to a wave of liquidations totaling $1 billion over the past 24 hours, as leveraged traders faced significant losses amid the market correction. According to Coinglass, a total of 305,170 traders were liquidated during this period, reflecting the impact of Bitcoin’s latest decline in price on investor positions. Related Reading: This Bitcoin Range The Next Key Resistance, Analytics Firm Says Detailing The Total Liquidations The majority of liquidations came from long....
The entire cryptocurrency market has experienced a steep decline over the past 24 hours, with its total market cap plunging by double digits following a barrage of volatile price swings. Unsurprisingly, this sharp downturn has led to widespread liquidations among multiple assets within the past trading day. Notably, this wave of liquidations has led to over $2.22222 billion being wiped from cryptocurrencies in the past 24 hours. According to Coinglass data, Dogecoin traders have witnessed significant losses, with numbers placing the meme coin among the hardest-hit assets in this....
Bitcoin (BTC) faced renewed selling pressure on Monday, dropping to around $86,000 after a series of liquidation events erased hundreds of millions of dollars in leveraged positions. Related Reading: Ripple Scores Major Win As MAS Supercharges Its Singapore License The decline deepened over the weekend, pushing BTC briefly under $85,500 amid broader risk-off sentiment and […]
Bitcoin has recorded significant losses in just the first week of December. The digital asset has taken some of the largest hits for the year in just last week alone following liquidations over the weekend. This has expectedly had a huge impact on the amount of open interest in bitcoin. Following the dump, BTC denominated open interest took a nosedive. The dip in open interest was significant enough to near-record levels for 2021. With bitcoin losing more than $10,000 in value, open interest had declined rapidly. This is worrying given that open interest had dropped not too long ago and....
Crypto market liquidations have not slowed down since bitcoin’s crash had dragged the rest of the market down with it. Now that the digital asset has crashed below $23,000, the liquidations have quickly ramped up. By Monday, liquidations had quickly crossed $500 million. Before the end of the day, the number had barreled above $1 […]