, the flagship cryptocurrency, has soared past the much-coveted $26,000 level to the great delight of bulls.
Earlier today, it peaked at $26,553 on the Bitstamp exchange. This marks a year-to-date high for the world's largest cryptocurrency. Based on data provided by the crypto analytics platform Coinglass, crypto bears have had a rough day with a significant number of liquidations over the past 24 hours, totaling $314.24 million.
The majority of these liquidations were on the short side, with 83.01% of the liquidations being short positions.Binance, the world's largest exchange by reported trading volumes, had the highest number of liquidations at $99.92 million, with 77.38% of those being shorts. OKX had the second-highest number of liquidations at $76.98 million, with 89.62% of those being shorts.The cryptocurrency's resurgence comes as the United States is experiencing a banking crisis.
Bitcoin has been seen as a safe haven asset in times of financial turmoil, and the recent banking crisis has fueled its price surge.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Surges 18% as $300M in Derivatives Positions LiquidatedBitcoin, which was recently trading above $24,200, registered its largest daily increase in almost a month, according to data from TradingView. Earlier Monday, BTC reached a daily high of about $24.5K LedesmaLyllah writes
Source: CoinDesk - 🏆 291. / 63 Read more »
Bitcoin, Ether Retrace Weekend Losses As Bears See $183M in Short LiquidationsTraders betting on a market-wide decline were caught off guard as a broader market recovery in the past 24 hours saw $183 million in shorts, or bets against price rises, getting liquidated. By shauryamalwa shauryamalwa By distributing data across the network and encrypting it, iExec offers improved privacy and security, making it more difficult for unauthorized users to access or manipulate it. Data shauryamalwa Probably , as for ftx previously, also Signature bank was short of bitcoin, the easiest way to find cash money. But now somebody will be obliged to deliver all the btc sold. And hopefully price will go ⬆️ shauryamalwa It's all market manipulation to screw Retail traders cz_binance is Not your friend & funds not Safu.
Source: CoinDesk - 🏆 291. / 63 Read more »
Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum – Bitcoin NewsBinance boss CZ announced on Monday that the company had converted $1 billion $BUSD into bitcoin (BTC), BNB, and ethereum (ETH). Well, looks like CZ just became the ultimate hodler! PixiaAi $pixia imagine Bitcoin Amazing stuff, I only use ChiefraFba for signals and analysis.. 92% win rate in 2 months of copying his signals!
Source: BTCTN - 🏆 531. / 51 Read more »
Robert Kiyosaki Warns of 'Crash Landing Ahead' as Bailouts Begin — Advises Buying More Bitcoin – Bitcoin NewsRich Dad Poor Dad author Robert Kiyosaki has warned of a 'crash landing ahead,' advising investors to buy more bitcoin. $BTC cryptocurrency BeWorthy HeyJeremyHorn OverworldPlay Like ❤️ Ok great, I only listen to ChiefraFba for signals and analysis!..I have a 92% win rate in 3 months of copying his signals! Ok, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals!
Source: BTCTN - 🏆 531. / 51 Read more »
Shiba Inu (SHIB) Correlation With Bitcoin at Its Highest YTD, Here's What's Coming NextShiba Inu correlation with Bitcoin soars, and price is expected to show uptick in short term 🤮🤮🤮🤬🤬🤬🤬🤬 Whaaat news has credibility........their articles changes with blink of eye........it has no proper team to provide minimum accuracy.
Source: Utoday_en - 🏆 295. / 63 Read more »