Crypto Market Remains on Edge After Over $2B Wiped Out in the Last 24 Hours
The crypto market is reeling once again after an intense wave of liquidations erased over $2 billion in leveraged positions within a single day. Related Reading: Ethereum Dead Cat Bounce Puts Price At $3,400, But What’s The Ultimate Target? With Bitcoin, Ethereum, Solana, and other major assets plunging sharply, traders are bracing for what could be another turbulent stretch, especially with billions in options set to expire. ETH's price trends to the downside on the daily chart. Source: ETHUSD on Tradingview Massive Liquidations Trigger Steep Sell-Off According to data from Coinglass,....
Related News
The crypto market has seen more than $50 billion wiped off its total market cap in the space of 24 hours. It comes hot on the heels of the market decline triggered by Binance’s massive planned FTT dump. Bitcoin, as well as other digital assets in the space, have all seen significant declines during this […]
According to one analyst, a big sell-off has spread like wildfire over the whole cryptocurrency market, evoking memories of the bank runs that shook investors during the 2008 financial crisis. Estimates from the price-monitoring website CoinMarketCap show the sell-off erased more than $200 billion worth of market capital in just 24 hours. Bitcoin dipped below $26,000 for […]
The San Diego-based cryptocurrency firm Edge has announced the launch of a confidential crypto Mastercard that doesn’t collect KYC data and doesn’t charge transaction fees. Edge’s website notes that there’s “no name or address associated with [the] Edge Mastercard” giving privacy advocates peace of mind.
Edge Reveals Privacy-Centric Crypto Mastercard
The digital currency firm Edge has announced the launch of the Edge Mastercard, a loadable crypto debit card that doesn’t collect KYC data. Edge revealed the Mastercard on Twitter and....
Altcoins are facing a crucial test after the broader crypto market experienced a sharp selloff triggered by leveraged liquidations. Ethereum, the second-largest cryptocurrency, slipped below the $4,200 level, signaling weakness across the sector. Meanwhile, Solana and several other major altcoins shed more than 10% of their value within hours, underscoring the speed and intensity of […]
Over the last 24 hours, a substantial amount has been wiped off the crypto market. Billions of dollars were taken off the market cap as cryptocurrencies such as bitcoin lost about 10% of their value in the same time period. Following this, Charles Hoskinson, founder of the Cardano network, has shared his thoughts on what caused the market to crash. Inflation Is The Culprit Taking to Twitter, Cardano founder Charles Hoskinson explained that the high inflation rate was the reason behind the market crash. It is no secret that the inflation rate of the United States has been climbing in the....