Cryptocurrency markets are currently experiencing a state of euphoria, with traders displaying unmistakable signs of FOMO, or the “Fear of Missing Out.” Bitcoin (BTC) has seen an impressive surge, with its price climbing by 19% in just one week. This remarkable price increase has contributed to a sentiment of greed […]
Tag: Liquidation
Fake News Triggers FOMO And Over $65 Million Loss In The Crypto Market
In the fast-paced world of cryptocurrency, news travels at lightning speed, and its impact can be equally swift. Recently, a false report from Cointelegraph claiming that the SEC had approved the iShares Bitcoin Spot ETF sent shockwaves through the market, leaving a trail of financial casualties. FOMO, or the “Fear […]
Bitcoin Traders’ Aggressive Shorting On Binance Can Potentially Cause A Price Increase Impact, Here’s How
In recent weeks, the Bitcoin market has witnessed a surge in aggressive shorting on major exchanges, most notably on Binance. This development has sent ripples through the cryptocurrency community, with traders and analysts closely monitoring the situation. As a result of this increased shorting activity, Bitcoin’s price has experienced a […]
The Crypto Market Just Recorded The Biggest Liquidation Since The FTX Exchange Blowup
The recent sharp decline in Bitcoin’s price from $29k to $25k within 24 hours has sent shockwaves through the cryptocurrency market. This significant drop has resulted in the liquidation of 174,892 traders, amounting to a staggering $1.04 billion in total liquidations. Biggest Liquidation Since FTX Collapse Long positions totaling $843.83 […]
BCause Mining Faces a Mandatory Asset Liquidation in Virginia
Mining if the lifeblood of many top cryptocurrencies. This is especially true for Bitcoin, as miners validate transactions and protect the network at the same time. Not every project in this space is legitimate, however, Bcause Mining is one interesting example. Despite receiving a grant from a US city, they […]