As of 9 a.m. EDT on Monday, the crypto market experienced a $1.15 billion loss in derivatives positions, with $975.93 million of these being long positions. Of that total, approximately $403.82 million came from BTC positions, while $364.98 million resulted from ETH positions being liquidated. Mass Liquidation Madness On Monday morning, the crypto market faced…
On August 5, 2024, ethereum’s price action has been dominated by strong bearish sentiment across multiple timeframes. While short-term consolidation suggests some indecision, the overall market indicators point towards continued downward pressure. With critical support levels approaching, traders should exercise caution as the market searches for stability. Ethereum Ethereum’s price is facing significant downward pressure…
Bitcoin’s price has experienced a massive decline in the past 24 hours, dropping more than 10% and sending a lot of investors into panic mode. Technical Analysis By TradingRage The Daily Chart On the daily chart, it is evident that the price’s failure to break above the $68K resistance level has proven costly, as the…
Bitcoin tumbled more than 15% on Monday, briefly dipping below $50,000 amidst concerns of a US recession and growing geopolitical tensions in the Middle East. This was the first time since February that BTC fell below this threshold before rebounding to around $52,000. Experts suggest that the crypto asset could see more downsides. More Pain…
The Ethereum market has seen a sharp 37% decline recently, driven by growing fears of an impending economic recession. This downturn has sparked widespread fear among investors, leading to increased selling pressure. With this in mind, the critical question now is how much further this bearish trend might extend. Technical Analysis By Shayan The Daily…
Bitcoin’s price reached a five-month low, dipping to $49,647 at 2:25 a.m. EDT on Monday, Aug. 5. This decline is fueled by growing concerns about an impending recession, with Japan’s Nikkei experiencing its steepest daily drop since ‘Black Monday’ in 1987. Futures for the Dow, Nasdaq, and S&P 500 have also shown signs of correction,…
Argo Blockchain PLC has today released its July 2024 operational update, reporting the mining of 48 BTC, maintaining an average of 1.5 BTC per day, consistent with June 2024. The company generated $3 million in mining revenue, with a mining margin in the mid-20% range, slightly lower than the previous month due to a lower…
SHIB crashed by over 30% this week due to global market chaos. Key Support levels: $0.000011 Key Resistance levels: $0.000014 1. SHIB Crashes to New Lows SHIB is back to bear market price levels after crypto markets experienced a massive liquidation event. Altcoins are in double-digit losses across the board, and this meme coin was…
XRP’s price action turned into a roller-coaster. After an amazing rally, a quick crash ensued. Key Support levels: $0.43 Key Resistance levels: $0.54 1. Price Makes a “U Turn” Despite a solid performance in July, XRP lost most of the gains with a 23% crash just this week. At this rate, the price may fall…
In his latest social media posts, Tron Founder Justin Sun addressed rumors about the liquidation of their positions, firmly denying any truth to these claims. Sun emphasized that they rarely engage in leveraged trading strategies, as they do not see significant benefits for the industry. Instead, they focus on activities that support the industry and…