Nearly $460.9 million in leveraged crypto positions were liquidated in 24 hours as Bitcoin and Ethereum gains caused a broad short squeeze, forcing many traders betting on price drops to close positions. Bitcoin rose 1.09% to $140,697 and Ethereum climbed 3.61% to $3,171, with short liquidations exceeding longs, signaling strong upward pressure from forced buybacks. Liquidations were concentrated on major exchanges like Binance and OKX, with altcoins also seeing significant forced sales, highlighting volatile market conditions and pockets of excess leverage. Investors should watch if the rally sustains beyond forced liquidations and monitor exchange-specific risks and market breadth for signs of continued momentum or reversal.
Cryptocurrency prices, including Bitcoin, Ethereum, and Solana, dropped amid Federal Reserve signals of fewer interest rate cuts and a stronger U.S. dollar. Bitcoin fell 1.3% to about $63,980, while Ethereum declined 1.7% to around $1,741. The Fed's ...
Investors are moving away from major tech stocks and Bitcoin, which have seen significant declines, toward companies that provide AI infrastructure like semiconductor and memory-chip manufacturers. This shift comes as the costs of AI growth rise, wit...
Bitcoin's price fell below $64,000 following the Federal Reserve's indication of a more aggressive interest rate stance, overshadowing positive on-chain trends like long-term holder accumulation. The Fed maintained rates between 3.50% and 3.75%, sign...
The cryptocurrency market declined after the U.S. Federal Reserve indicated that interest rates might stay higher for longer, causing investor caution. Bitcoin and major altcoins like Ethereum, XRP, BNB, and Solana all dropped over 1%, with DeFi toke...
Binance users withdrew 1.1 trillion Shiba Inu (SHIB) tokens in June, reducing exchange reserves below 80 trillion tokens globally. Instead of moving into stablecoins, investors redirected funds into Bitcoin and Ethereum, increasing their holdings by ...
