The extreme volatility the crypto industry experienced at the end of November was further exacerbated by massive liquidations in the futures market.According to data from Glassnode, Bitcoin plummetted from its high of $59,000 to a low of $45,000 during the weekend, putting the market down by as much as 35% from the all-time highs set at the beginning of November.New virus … [Read more...] about Bitcoin enters December shaken and scarred by extreme volatility
Extreme
Bitcoin Enters ‘Extreme Greed’ Territory; Altcoins Rally
Bitcoin was roughly flat the past 24 hours, trading at about $67,300 at the time of publication. The No. 1 cryptocurrency by market capitalization spent most of U.S. trading hours on Tuesday ranging between $63,500 and $68,500, with a slightly elevated volume across major centralized exchanges. Ether was down about 1.3% over the same period, trading at just above … [Read more...] about Bitcoin Enters ‘Extreme Greed’ Territory; Altcoins Rally
Crypto joins stocks in ‘extreme fear’ after Bitcoin loses $30K support
Bitcoin (BTC) failed to regain $30,000 after losing support on Tuesday as Fear & Greed indexes raced each other to the bottom. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC’s price stays below $30,000 waterlineData from Cointelegraph Markets Pro and TradingView showed BTC/USD continued trading in the $20,000–$30,000 zone on Tuesday.The largest … [Read more...] about Crypto joins stocks in ‘extreme fear’ after Bitcoin loses $30K support
Bitcoin price bottom is in, says Fidelity exec as crypto market exits ‘extreme fear’
Bitcoin (BTC) has already hit its price bottom, one of the industry's top executives believes as BTC price action stays above $40,000.In a tweet on June 14, Jurrien Timmer, director of global macro at U.S. multinational financial services corporation Fidelity Investments, called time on any further Bitcoin price dips.Bitcoin bulls increase confidenceBTC/USD maintained higher … [Read more...] about Bitcoin price bottom is in, says Fidelity exec as crypto market exits ‘extreme fear’
Extreme leverage drove $500 million worth of BTC liquidations in one hour
The Bitcoin markets emphatically rejected the $60,000 price range on March 15, with excessive leverage driving a record $500 million worth of long liquidations over just 60 minutes.Glassnode’s founders, Jan & Yann, emphasized the new record hourly Bitcoin for liquidations, noting that more than half open futures contracts prior to the margin calls were leveraged by at least … [Read more...] about Extreme leverage drove $500 million worth of BTC liquidations in one hour