Dogecoin gets back to pre-crash prices as $16M in DOGE shorts get liquidated
The Dogecoin bull run is not over thanks to its Coinbase listing and simultaneous DOGE price rally. Dogecoin (DOGE) prices jumped by nearly 40% on a 24-hour adjusted timeframe on Wednesday, shaking out more than $16 million worth of bearish leverage in just one hour while almost reclaiming its pre-crash high. Dogecoin derivatives market records massive liquidations on hourly timeframes. Source: ByBt.comLeveraged bearish traders caught themselves on the wrong side of trading after Coinbase Pro, a United States-based crypto trading platform, announced that it would enable DOGE trading to its....
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Dogecoin witnessed a significant growth trend in 2021. This remarkable feat connects to the influence of Tesla’s CEO and billionaire, Elon Musk. The billionaire has remained a prominent proponent for Dogecoin, and his position could either increase or decrease its price movement. Most crypto assets took to the south during the recent bearish trend in the crypto market. This brought considerable losses in value for most of them. In addition, Dogecoin, the largest and leading meme cryptocurrency, also recorded a downward movement. Related Reading: Dogecoin (DOGE) Price Manipulated By....
After today’s incredible Bitcoin move where the price climbed to $47.5k, shorts worth around $47 million liquidated within an hour. $47,000,000 In Bitcoin Futures Shorts Liquidate Within Just An Hour As pointed out by an analyst on Twitter, around $47 million in Bitcoin futures shorts have liquidated within an hour today. If you don’t know […]
The shorts were liquidated after Elon Musk added "Bitcoin" to his Twitter bio and prices rose by over 15%.
New use cases and a massive token burn signal that the dog days of summer could be over for DOGE and SHIB. Momentum the wider cryptocurrency market appears to be on the upswing this week after bulls pushed Bitcoin price to the $46,700 and Ether price to $3,150 on Aug 9. The growing optimism has also translated into a bounce in dog-themed meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), which have both seen their prices rise by more than 55% over the past three weeks. DOGE/USDT vs. SHIB/USDT 4-hour chart. Source: TradingViewDog-themed meme coins caught fire earlier in the year after....
The flash crash that occurred last week shoot the crypto market. Top coins Bitcoin and Ethereum were down with the crash. And so was meme coin Dogecoin. Dogecoin, like most other coins, had spent the past month recovery from two-month lows when the crash had hit. Doge recorded losses of up to 18% with the […]