The crypto derivatives market experienced $1.42 billion in liquidations within 24 hours, with Ethereum accounting for $349.17 million, mostly from long positions. Ethereum tested the $1,550 level amid a bearish trend and declining adoption signals, indicating weak market sentiment. However, momentum indicators hint that selling pressure might be easing, and stablecoin inflows to exchanges could signal a potential bullish turnaround. Analysts advise investors to remain patient rather than making aggressive bets until clearer signs emerge.
Cryptocurrency markets saw a general decline with Bitcoin priced around $59,280, down 1.44%, and Ethereum falling 3.54% to about $1,562. Other major coins like BNB, XRP, and SOL also experienced losses. This reflects ongoing volatility in the crypto ...
Bitcoin fell below $60,000, causing $1.48 billion in crypto liquidations, mainly hitting long traders. This drop follows stronger U.S. inflation data, raising expectations that interest rates will stay higher for longer. Bitcoin options worth $9.33 b...
Bitcoin fell sharply by 5% to $58,000, its lowest level since 2024, before rebounding slightly to $59,400. The broader crypto market also declined, influenced by a hawkish Fed signaling imminent rate hikes. Despite the downtrend, derivatives data sho...
Ethereum's price fell below $1.6k to a low of $1.5k, erasing gains made in June amid strong bearish momentum. Large holders, or whales, sold 19,441 ETH worth about $31.6 million to limit losses, signaling weak market confidence. Exchange data shows i...
Bitcoin dropped to around $58,200, its lowest level this year, following US inflation data revealing the Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, rose to its highest in over three years at 4.1% y...
