Bitcoin fell below $60,000, extending a 10-day decline amid $1.5 billion in crypto long position liquidations triggered by stronger-than-expected US jobs data. The US added 172,000 jobs in May, raising concerns about reduced Federal Reserve rate cuts, pressuring risk assets like Bitcoin. Key options market activity at $60,000 may lead to further selling and liquidations if the price stays below this level. Analysts see potential for more downside but also note this could be a buying opportunity for long-term investors if Bitcoin recovers above $65,000.
Bitcoin long-position liquidations reached $41.41 million within one hour ending 9:35 a.m. ET on Nov. 12, primarily across Binance, Bybit, and OKX exchanges. This surge in liquidations coincided with a 0.63% price drop from $72,675 to $72,221 during ...
The stablecoin market has shrunk by over $14.20 billion in the past month, pushing its market cap below $300 billion for the first time in 14 months. This decline indicates reduced crypto liquidity and limited fresh capital, which hampers a bullish m...
Shiba Inu (SHIB) price fell to $0.0000043, down 3.7% following the surprise resignation of Nvidia CEO Jensen Huang, which caused Nvidia shares to drop around 12-13% and dragged down technology stocks and the crypto market. Bitcoin also fell 3.5%, ref...
XRP's price dropped to $1.02, marking a 20% loss over the past week and nearing its yearly low of $0.99 from August. Aggressive sell orders have dominated both spot and futures markets since late September, with a $2.5 billion selling surplus identif...
Bitcoin's price fell below the key $72,000 mark, trading at $71,868 on Binance spot as of 11:25 a.m. ET on November 12. This represents a $267 drop within 15 minutes, though the price was up 0.49% compared to one hour earlier. The movement shows shor...
