Bitcoin surged above $103,000, causing a wave of forced exits that resulted in the liquidation of over $900 million in the last 24 hours. This represents a 200% increase in liquidations over the previous day, according to Coinglass data. Bitcoin (BTC) shorts accounted for $321 million in liquidations. At the same time, open interest increased by 5% to $133 billion, indicating that new leveraged bets are entering the market.The average crypto relative strength index has also risen to 70, signaling overbought conditions. The spike in liquidations followed a rapid market…
Tag: Market
BNB Price Targets $650 Amid Renewed Market Optimism
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
Bitcoin Price Surges Past $100K—Bull Market Officially Back?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a fresh surge above the $100,000 zone. BTC is rising and might aim for a move toward the $105,000 resistance. Bitcoin started a strong increase above…
What tariff shock? Bitcoin surges past $100k as market recovery continues
Bitcoin surged past $100,000 on Thursday, marking its first time back at six figures since February and signaling a strong recovery from its April crash. Crypto’s flagship cryptocurrency has now gained 33% in just a few weeks after plunging to under $75,000 in response to former President Donald Trump’s unexpected tariff announcements, according to crypto.news data. The rally coincides with a broader market rebound, with crypto equities and altcoins also bouncing back from the early April sell-off. Investors appear to be pricing in optimism surrounding a U.S.–UK trade deal. Earlier…
Crypto Market Eyes Rally as Trump Teases Major Trade Deal
Key Notes President Trump announced a press conference to unveil a “major trade deal” with a “highly respected country.” Reports suggest it could mark progress in US-UK trade talks. Analysts expect this to positively impact global markets. Ethereum (ETH) jumped in value following its Pectra upgrade, while Solana (SOL), XRP, Dogecoin (DOGE), and Cardano (ADA) posted gains of 3-5% amid improving macro. . In a message on his social media platform Truth Social, US President Donald Trump has teased a “big” tariff deal with one of the highly respected countries…
Early Morning Market Moves: Bitcoin Edges Closer to $100K, Ether Overcomes $1,900
The cryptocurrency market is booming during Thursday’s early morning hours, with bitcoin poised to recover price levels not seen since February. The leading cryptocurrency experienced an upswing of nearly 3%, reaching prices of over $99,000 on several exchanges. Similarly, ether also rose to levels not seen since April, surpassing the key $1,900 mark. This market […] Original
Analyst Says These Factors Will Drive XRP Price To $1,000, But What Does Market Cap Say?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. As the XRP price takes center stage, bold predictions about its future outlook persist across online forums and social media. Among the most ambitious claims is the idea that…
Bitcoin $1B daily realized profits signal ‘late-stage bull market’
Key points: Bitcoin investors are making the most of the highest price levels in several months by cashing out profits. These are averaging $1 billion per day, leading to concerns that the market comeback may stall or even reverse. Institutional participation has not led to a change in mindset, CryptoQuant says. Bitcoin (BTC) risks a “local top or sharp correction” if current levels of profit-taking continue, new research warns. In a “Quicktake” blog post on May 8, onchain analytics platform CryptoQuant flagged elevated realized profits among BTC investors. BTC profit-taking…
Crypto’s Comeback Kid: Bitcoin Jumps $3.5K in a Day as Market Eyes $98K
The price of bitcoin vaulted to $97,469 per coin after idling near $94,000 for much of the day. Bitcoin’s volume tapped $24.27 billion, commanding 33.11% of all trades logged today. Bitcoin Resurfaces With Fury The leading crypto asset, bitcoin (BTC), climbed more than $3,500 from May 5’s intraday trough. The latest high was logged just […] Original
Bitcoin Network Activity In Bear Market Zone—Warning Or Opportunity?
On-chain data shows the Bitcoin network activity has recently declined into the bear market zone. Here’s what this could mean for the asset. CryptoQuant’s Bitcoin Network Activity Index Is Flashing A Bear Market Signal As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin Network Activity Index has recently been inside the bear phase. The “Network Activity Index” here refers to an indicator from CryptoQuant that essentially tracks the amount of activity that the BTC network is witnessing. The metric uses the data of different activity-related indicators…