Crypto Bulls Rack up $580M Liquidations as Bitcoin Drops 8%, Ether, Solana, Dogecoin Plunge
Traders previously warned of the bearish market reaction to Mt. Gox’s bitcoin repayments.
Financial
Financial
Bitcoin Dips Below $54K as Mt. Gox Moves $2.6B in BTC
BTC slides to lowest since late February, breaching key price support.
Financial
Bitcoin Nosedives Under $58K Amid Mt. Gox, German Government Wallet Movements
A wallet belonging to a German official entity moved its largest stash of BTC to exchanges earlier today, while Mt. Gox wallets showed activity for the first time in a month.
Financial
Bitcoin Drops Below 200-Day Average; Bull Market Trendline in Focus
Markets that consistently trade below the 200-day moving average are said to be in a downtrend.
Financial
Decoding The $7B Decline in Bitcoin’s Notional Open Interest
While BTC futures OI has dropped, open interest in BTC terms has held steady.
Financial
Mt. Gox Doomsday Scenario Involves Bitcoin Cash, Not Bitcoin: Analyst
Selling pressure from Bitcoin Cash (BCH) and lack of liquidity is the story to watch evvel Mt. Gox begins redemptions, writes Presto Research.
Financial
Bitcoin Plunges Under $59K as Crypto Bulls See $230M Liquidations
Solana’s SOL and dogecoin (DOGE) lead losses among major tokens, with the CoinDesk 20 index down 4.8%.
Financial
The Protocol: ‘Private Jet Brandization’ Is One Way Polkadot Burnt Cash
Crypto twitterati showed no mercy as Polkadot published a transparency report detailing spending on $87 million of DOT tokens – a lot of it on marketing. PLUS blockchain tech news and project highlights from the past week.
Financial
Global Banking Standard Setter Approves Disclosure Framework for Crypto Exposures
The Basel Committee’s framework, based on responses to a December 2022 discussion paper, must be implemented by 2026.
Financial
DeFi Tokens Plunge 10%-20%, Led by Pendle Amid Weak Crypto Price Action This Week
Pendle has recently lost $3 billion of its TVL with the June expiry as a result of diminishing airdrop farming hype and lower yields amid muted crypto activity.