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Over $600M in Bitcoin Longs Liquidated As BTC Price Nears $60K
Bitcoin’s (BTC) brief plunge toward the $60,000 area triggered more than $600 million in long liquidations, raising doubts over whether the latest rebound marks a real bottom or only a relief bounce after a leverage flush. BTC price may rebound toward $70,000 next BTC fell to roughly $61,300 on Thursday before recovering 5.52% to around…
Massive 297 Million USDT Transfer Ignites Market Speculation: Whale Movement or Routine Shift?
Massive 297 Million USDT Transfer Ignites Market Speculation: Whale Movement Or Routine Shift? Skip to content Home Crypto News Massive 297 Million USDT Transfer Ignites Market Speculation: Whale Movement or Routine Shift? Source link
Raoul Pal Predicts Breakout for One Digital Asset Sector, Says Crypto Consumer Apps To Scale This Cycle – The Daily Hodl
Macro guru and Real Vision CEO Raoul Pal says he’s anticipating a “big breakout” for one crypto subsector. In a new interview on the Empire podcast, the former Goldman Sachs executive says gaming applications are approaching a new phase of adoption that may help trigger growth in the digital asset class. “When we start to…
Ripple Partner SBI Issues 10 Million Yen On-Chain Bonds Doling Out XRP Rewards To Investors
Advertisement     SBI Holdings, one of Japan’s leading financial conglomerates, is introducing its first blockchain-based bond, offering individual investors rewards in XRP, currently the fourth-largest cryptocurrency by market cap. The news has generated significant buzz in the XRP community, representing a notable step forward in the cryptocurrency’s growing acceptance and use in conventional…
Bitcoin pioneer warns altcoins and memecoins could go to zero
Blockstream CEO Adam Back has renewed his long-running criticism of altcoins and memecoins, saying market efficiency may finally be catching up with assets he views as weak. Summary Adam Back said efficient markets may eventually price many altcoins and memecoins near zero. Bitcoin dominance near 59%, keeping pressure on broader altcoin market rotation this month….
Bitcoin profit declines amid stabilization of altcoin profits: Glassnode
Key Takeaways Bitcoin profits are currently declining, signaling continued market weakness. Altcoin profits, while weak, have stabilized, diverging from Bitcoin’s performance. Share this article Bitcoin profits are declining while altcoin profits stabilize during a deep capitulation phase, creating an unusual divergence between the two market segments, according to Glassnode. The current market environment reflects continued…