Coinglass analytics showed $11.89 million worth of liquidations originated from ‘long’ traders, or those borrowing from exchanges to bet on higher ether prices. 92% of all traders were long ether Monday morning, and 50% of the liquidations took place on crypto exchange OKEx, which accounted for over $4.93 million in liquidations. Source link … [Read more...] about Ether Drops to $3.8K As Over $12.5M Futures Liquidated
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Bitcoin pinned below $38K as investors stash record $756 billion with Fed
Bitcoin (BTC) suffered as investors moved a record amount of cash in Federal Reserve's overnight facility after the central bank started paying interest on the money.The U.S. central bank received $756 billion via its reverse repurchase program from nearly 70 market participants on Thursday. The stash is about $172B higher than the one deposited last week and roughly $235B more … [Read more...] about Bitcoin pinned below $38K as investors stash record $756 billion with Fed
Dip-buyers anticipate further downside after Bitcoin price falls to $38K
The cryptocurrency market is in the midst of another lackluster day as Bitcoin (BTC) price dipped below $40,000 ahead of the Federal Open Market Committee (FOMC) meeting where officials intend to discuss whether interest rates should be raised or kept near zero. While many investors anticipate that BTC will soon resume its bull run and rally above $40,000, technical analysts … [Read more...] about Dip-buyers anticipate further downside after Bitcoin price falls to $38K
Bitcoin traders eye ‘crucial’ $38K level as BTC price action consolidates higher
Bitcoin (BTC) traded in a higher range on June 11 with analysts keen to see which critical levels would fall next.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin escapes fresh losses... for nowData from Cointelegraph Markets Pro and TradingView showed BTC/USD retaining $35,000 support overnight on Thursday, while so far staying clear of $40,000.A push higher … [Read more...] about Bitcoin traders eye ‘crucial’ $38K level as BTC price action consolidates higher