Tag: 117B

Over $1.17B of Bitcoin Longs Liquidated as Price Slumps Below $30K; What’s Next?

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Bitcoin derivatives traders who opened bullish positions as the cryptocurrency reached its record high, near $34,500, are now staring at massive losses. Data provided by ByBt.com shows that the BTC/USD market liquidated long contracts worth $1.17 billion as of 2130 EST Sunday. The stop-losses triggered as the Bitcoin price slumped back below $30,000 amid a corrective spot market move, leaving derivative traders with open short positions in a profitable state. Bitcoin Market Liquidation chart. Source: ByBt.com Bitcoin Market Liquidation chart. Source: ByBt.com Figures indicate that long position holders on Binance…

TSLA Stock Up 8%, Tesla Sends Musk’s Wealth to $117B after News on Inclusion into S&P 500

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Elon Musk has benefited a lot from the inclusion of Tesla into the S&P 500 index with a positive response from the public. Elon Musk, the CEO of SpaceX and Tesla Inc (NASDAQ: TSLA) has climbed up the ladder of the world billionaires set to overtake Mark Zuckerberg, CEO of Facebook Inc (NASDAQ: FB), after recording an additional $15 billion to his net worth after Tesla was announced to be approved for the inclusion into the S&P 500 Index. His net worth currently sits at $117.5 billion which is a…