Tags : Drops

Bitcoin

Bitcoin dumps to $30,000 with $8 billion in crypto liquidations

Bitcoin fell to under $33,000 on some exchanges, reaching levels last seen in February this year. Millions gone ‘Liquidations’ occur when traders borrow excess capital from brokerages/exchanges (i.e., ‘margin’ or trading futures) to place bigger bets on the assets they trade.  They pay a fixed fee for doing so, while exchanges close out these positions […]Read More

Cryptocurrency

Bitcoin dumps to $33,000 with $7 billion in crypto liquidations

Bitcoin fell to under $33,000 on some exchanges, reaching levels last seen in February this year. Millions gone ‘Liquidations’ occur when traders borrow excess capital from brokerages/exchanges (i.e., ‘margin’ or trading futures) to place bigger bets on the assets they trade.  They pay a fixed fee for doing so, while exchanges close out these positions […]Read More

Cryptocurrency

Bitcoin dumps to $38,500, $2 billion in crypto liquidations as

Crypto markets took a hit Tuesday as $2 billion was lost to ‘liquidations,’ data from multiple sources shows. Bitcoin fell to under $38,500 on some exchanges, reaching levels last seen in February this year. Millions gone ‘Liquidations’ occur when traders borrow excess capital from brokerages/exchanges (i.e., ‘margin’ or trading futures) to place bigger bets on […]Read More

Bitcoin

$2.38 billion ‘rekt’ in crypto markets as Bitcoin drops to

Over $2.38 billion worth of Bitcoin and other cryptocurrencies were liquidated in the past 24 hours as the market fell by double-digit percentages, data from multiple sources showed. Money gone ‘Liquidations,’ for the uninitiated, occur when leveraged positions are automatically closed out by exchanges/brokerages as a “safety mechanism.”  Futures and margin traders—who borrow capital from […]Read More

Bitcoin

Bitcoin Drops After Powell Pours Cold Water on Inflation Expectations

A dramatically heightened inflation makes up the strongest bullish case for Bitcoin, a cryptocurrency that poses itself as the safest insurance against a potential rise in consumer prices and fiat devaluation caused by central banks’ quantitative easing programs and the government’s trillions of dollars worth of stimulus packages. But on Tuesday, Bitcoin faced a headwind […]Read More

Bitcoin

Bitcoin drops 10% after Indian government proposes new crypto ban

Today, Bitcoin dropped more than 10% after the Indian government proposed legislation for banning Bitcoin, according to Reuters. The government already had plans to ban cryptocurrencies since January — but now it’s become clear that the goal is to strictly regulate profiting with Bitcoin, which includes holding or trading. $1 Billion in Positions Liquidated According […]Read More

Bitcoin

Bitcoin Drops Alongside Tech Stocks as Bond Yields Rise

Bitcoin fell sharply on Monday and continued declining into the early Tuesday session as traders feared its excessive valuations after a 100 percent rise this year. The benchmark cryptocurrency lost more than $8,000, or 13.91 percent, to trade below $50,000. At its week-to-date low, it was changing hands for as much as $46,700. Bitcoin’s closest […]Read More

Bitcoin

Bitcoin breaches $50,000 after MicroStrategy drops $600 million announcement

Expect Michael Saylor and MicroStrategy to buy all your Bitcoin when you aren’t watching. Today, the enterprise software maker announced yet another $600 million convertible note issuance for investors and institutions to buy Bitcoin. The move comes a month after MicroStrategy raised $650 million in a separate convertible note offering to purchase BTC. MicroStrategy Announces […]Read More

Bitcoin

Ampleforth-like Bitcoin rebasing token DIGG drops: crypto stimulus checks

The latest crypto stimulus (or DeFi stimulus check, to be more accurate) has just dropped. Badger DAO, a Bitcoin-focused decentralized finance project based on Ethereum, just rolled out a new coin called DIGG. BADGER, the governance token for the protocol, already exists. DIGG is a new token that works much like Ampleforth, a supply-elastic cryptocurrency […]Read More