Crypto Shorts Suffer $300M Flush As Bitcoin Hits $80,000
Bearish cryptocurrency bets have seen a liquidation squeeze during the past day as Bitcoin and other assets have gone through a price surge. Bitcoin Crosses $80,000 For First Time In Months Bitcoin has enjoyed a surge over the past day that took its price to a peak of $80,500, the highest that the cryptocurrency has traded since the end of January, when BTC was retracing that month’s recovery rally. Related Reading: Bitcoin DATs Capitulate—Could This Rare Signal Mark A Bottom? The chart below shows how the latest price action has looked for the asset. From the graph, it’s....
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Central banks across the world have been increasing stimulus and letting inflation run high in order to combat the disastrous economic effects of the coronavirus outbreak response. The Bank of Japan has recently become the country’s largest stockholder and the European Central Bank is prepared to expand its colossal stimulus program. Meanwhile, Federal Reserve Chair Jerome Powell is calling on Congress to act fast on America’s stimulus program proposal as “the risk of overdoing it is less than the risk of underdoing it.” Bank of Japan’s $434 Billion Treasure....
Data shows the crypto futures market has observed liquidations amounting to $280 million in the last 24 hours as Bitcoin broke above $22k. 76% Of The Crypto Futures Positions Liquidated In Past 24 Hours Were Shorts In case anyone is unaware what “liquidations” are, it’s best to first take a look at a brief explanation […]
The entire market capitalization of all 10,800 cryptocurrencies in existence is down 2.8% on Monday as bitcoin has lost over 2.4% during the last 24 hours. Meanwhile, bitcoin shorts are rising again after bitcoin shorts tapped a two-year high on the derivatives exchange Bitfinex on June 25. Bitcoin Shorts Climb Higher Bitcoin (BTC) and digital markets, in general, have seen better days as BTC tapped an all-time high above the $64K handle three months ago but is still down 48.66% since then. Roughly 17 days ago, on Bitfinex, the number of BTC/USD short positions skyrocketed to levels not....
The carnage in the crypto market has continued today, leading to nearly $300 million in liquidations in the futures sector. Crypto Futures Market Observes Almost $300M In Liquidations In case anyone is unaware what a “liquidation” is, it’s best to get a brief look at the workings of derivatives trading. When an investor opens a […]
Over 6,000 GameStop locations once graced the planet. A little more than half that number remain. CEO Ryan Cohen has been on a herculean quest to reverse the company’s fortunes, even as brick-and-mortar retailers suffer. The whole ‘online’ thing is working against him, but Cohen has one thing in his favor: a big pile of […]