Crypto Meltdown Deepens: $90B Vanishes in an Hour as Traders Face $1.3B in Fo...
The crypto market has entered one of its steepest sell-offs in months, erasing over $90 billion in market value within just one hour and triggering more than $1.3 billion in liquidations as leveraged positions were wiped out across exchanges. Related Reading: Rare Chart Formation That Led To An 87% XRP Price Crash Has Resurfaced Bitcoin (BTC) plummeted below $105,000, extending a sharp correction that began late last week, while major altcoins such as Ethereum (ETH), Solana (SOL), and XRP followed suit with double-digit losses. BTC's price trends to the downside on the daily chart. Source:....
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YFI has been among the worst-hit tokens in an ongoing meltdown that has wiped $65 billion from the cryptocurrency market. As of 1223 GMT Tuesday, YFI/USD was trading about 47 percent lower from its all-time high at $44,003. The pair’s downside correction followed a major rally that brought it up by more than 2,500 percent […]
A South African tax expert, Thomas Lobban, has warned non-tax paying crypto traders that they now face possible jail time if the South African Revenue Services (SARS) decides to lay tax offense charges against them. He adds that this threat of jail time similarly applies to South African crypto traders that use offshore exchange platforms to trade or store their crypto assets. Lack of Guidance Blamed Lobban’s warning follows reports earlier in the year which suggested that changes to South African tax laws may have made it “easier for SARS to secure criminal convictions for....
Bitcoin has been through a lot of hardships since its inception and investors and traders are feeling the agony of the crypto market meltdown this year. BTC is now trading at $19,322 at the time of writing. Coingecko reports a 0.3% decrease in value for the token. This month, crypto expert @woonomic tweeted that Bitcoin […]
In a turbulent 24-hour trading session, the cryptocurrency market saw nearly $200 million wiped out in liquidations as Bitcoin price dropped below $61,000. This sharp decline triggered a wave of liquidations, affecting many investors and traders. Market Meltdown And Crypto Liquidation The total market valuation has plunged by approximately 2.7% to around $2.34 trillion, underscoring heightened volatility and market stress. Related Reading: Bitcoin Price Drops Below $60,000: Key Reason Explained Bitcoin, leading the downturn, shed 1.3% over the week, with a steep 2.8% drop recorded in the....
The crypto market’s October slump just worsened, dropping by around 3%. Bitcoin slipped under $110,000 intraday and Ethereum fell below $3,900, dragging most altcoins into the red as a risk-off wave rippled across digital assets. The drawdown follows one of the harshest months of the year. The market has erased roughly $370 billion in value, […]