Tag: 10Month

Crypto Liquidations Reach $1 Billion As Sentiment Falls To 10-Month Lows

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The crypto market has been subject to large liquidation following the price crash. Coming out of the weekend, the market had recorded one of its worst crashes which saw bitcoin fall below the $30,000 territory for the first time this year. With this had come hundreds of millions in short liquidations. However, the bloodbath seems far from over as the market continues to crumble and liquidations have now run over the $1 billion mark. Crypto Traders Getting Rekt After the crash that rocked the market coming out of the weekend,…

10-month BTC price lows spark $1B liquidation as Bitcoin eyes $35K CME futures gap

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Bitcoin (BTC) upended buy trends through May 10 as BTC/USD sank below $30,000 for the first time since July 2021. Data from on-chain analytics firm CryptoQuant showed exchange reserves start increasing as panic gripped crypto markets. BTC flows back to exchanges After seeing a sustained downtrend, the amount of BTC on major exchanges has begun to increase again. According to CryptoQuant, which tracks the balance of 21 major exchanges, sellers sent a total of 37,537 BTC to accounts from May 6 to May 9 inclusive. The deposits came as BTC…

BTC Slips to 10-Month Low, Below $33,000 – Market Updates Bitcoin News

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BTC fell to its lowest level since last July, as prices dropped below $33,000 to start the week. The selloff in cryptocurrency started last week, following the Fed’s decision to hike interest rates by 0.5%. In addition to bitcoin, ETH hit a two-month low as a result of the red wave. Bitcoin Bitcoin slipped to a ten-month low to start the trading week, as a red wave continued to sweep the cryptocurrency market. Following five consecutive days of declines, BTC/USD dropped to an intraday low of $32,813.31 on Monday. Today’s…

ETC Climbs to 1-Week High, as AXS Moves Away From 10-Month Low – Market Updates Bitcoin News

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During a volatile day of trading, ethereum classic rose to a one-week high earlier in the session, before falling victim to a red wave. AXS also rose today, climbing by over 12% in the day, however, a bearish wave pushed prices lower as the day progressed. Ethereum Classic (ETC) ETC climbed to a one-week high earlier in Thursday’s session, when bulls were still buoyed by yesterday’s Fed decision. However, as the day progressed, these bulls turned to bears, as the magnitude of the current inflationary landscape continued to spark market…