Tag: Market

Mt. Gox Bitcoin Payout Fears Wipes Out $170 Billion From Crypto Market

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The cryptocurrency market experienced a substantial downturn on Friday, compounding the selling pressure witnessed over the past two weeks. The leading cryptocurrency, Bitcoin (BTC), retraced over 20% from its highs in June and May, dropping as low as $53,500.  The market decline was largely attributed to the long-awaited trustee overseeing the Mt. Gox bankruptcy, who announced the commencement of Bitcoin and Bitcoin Cash repayments to creditors affected by the infamous hack that resulted in billions in losses.  As a result, the entire cryptocurrency market shed over $170 billion in combined…

Solana-Based Memecoin Defies Market Downturn, Jumps Over 30% in 24 Hours Amid Listing on Multiple Exchanges

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One Solana-based (SOL) meme asset is defying market doldrums and rallying after being listed on numerous crypto exchange platforms. New data reveals that Billy (BILLY), a dog-themed memecoin built over Solana, has jumped over 30% during the last 24 hours after multiple crypto exchange platforms added support for it. The crypto exchange platforms that listed Billy include Bittrue, Bitget, MEXC, and Gate.io, who all announced support for the meme asset earlier this week. Billy is trading for $0.1659 at time of writing, a 36% gain during the last day. On…

7 Events That Could Shift the Crypto Market Landscape in an Instant

The cryptocurrency market finds itself in a challenging situation, with a mix of obstacles and potential opportunities that could influence its future positively. This editorial examines the elements that the crypto community might encounter and highlights key points to consider amid the current market volatility. 7 Distinct Things That Could Instantly Change Everything Bitcoin has […] Source CryptoX Portal

Mantra – a beacon of hope in a declining market?

Mantra (OM) stands out as one of the few tokens in the green amidst the widespread downturn in the crypto market. However, its potential to maintain this upward trajectory appears limited. This article delves into the factors behind Mantra’s recent surge and assesses its future movement. Partnership with MAG The primary reason for Mantra’s recent performance is the significant announcement made on July 3, where UAE real estate giant MAG partnered with Mantra to tokenize $500 million in real estate assets. This announcement brought a wave of positive sentiment towards…

Bitcoin Hits New Low Since February, Options Market Stays Optimistic

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According to the latest data, $305.43 million was liquidated across crypto derivatives exchanges when bitcoin dipped below $57,000. One analyst predicts that with the Mt Gox and German government sell-offs, “supply will likely outstrip demand.” Conversely, QCP Capital notes that despite the current crypto sell-off, the options market remains hopeful. Crypto Liquidation Tops $305M as […] Original

Crypto Market In Panic As Bitcoin Crash To $57,000 Sends 105,000 Traders To The Slaughter

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The crypto market is in a state of panic with a market-wide crash that has shaken Bitcoin and altcoins. With the Bitcoin price continuing to fall from support after support, tens of thousands of traders have lost their positions, leading to hundreds of millions of dollars in losses in just the last day alone. Crypto Market Liquidations Cross $290 Million In the last 24 hours, the Bitcoin price has been crashing, eventually falling below $57,000 before recovering again. However, the damage has already been done, with long traders suffering the…

Crypto liquidations doubled as market cap fell to 2-month-low

The total amount of cryptocurrency liquidations increased by over two times over the past day as the global market capitalization plunged to its two-month lows. According to data provided by Coinglass, the total crypto liquidations rallied by 114% in the past 24 hours — currently sitting at $265 million. Data shows that $236 million worth of long positions have been liquidated. Crypto liquidations map – July 4 | Source: Coinglass Per Coinglass data, only 11% of the liquidations, worth $29 million, belong to short-position holders. In total, more than 102,000…

Bitcoin Market in Flux: Glassnode Analysis Highlights Key Insights

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Despite Bitcoin’s sideways price action, market profitability remains strong, according to a recent report by onchain analysis firm Glassnode. The report highlights significant trends in investor behavior and market conditions that may signal future volatility. Amid Market Fear, Bitcoin Investors Hold Substantial Gains As Bitcoin trades in the $60,000 range, Glassnode noted a palpable fear […] Original