Bitcoin appeared to stabilize on Sunday after an unusually harsh sell-off, but the largest cryptocurrency was still on track for its worst weekly performance in eight months.As of press time, bitcoin (BTC) was changing hands just below $35,000, up 1.6% over the past 24 hours. More than $1.5 billion of bitcoin trading positions were liquidated over the past three days due to … [Read more...] about Bitcoin Heads for Worst Week in 8 Months as Traders Lament 'Pikachu Pattern'
Most cryptocurrencies traded lower on Tuesday as rising bond yields continued to weigh on U.S. equities. As investors reduce their appetite for risk, the most speculative areas of global markets have been hit the hardest.For example, the Nasdaq 100 is down about 5% from its all-time high, compared with a 4% drawdown in the S&P 500 and a roughly 37% drawdown for BTC. … [Read more...] about Market Wrap: Cryptocurrencies Decline With Equities, Traders Remain Cautious
In December, the Dogecoin Foundation, a nonprofit organization that oversees developments on the network, introduced a roadmap for the project’s revival and rebrand from a mere joke cryptocurrency to a more technical project. It was the first roadmap in Dogecoin’s eight-year history and explored eight new projects, including the launch of LibDogecoin and GigaWallet, as … [Read more...] about Dogecoin Surge Sees Short Traders Lose $8M After Tesla Store Addition
There are many advantages to automating one's trading tactics instead of pointing and clicking with a mouse. For starters, bots can execute trading decisions free of emotion, are lighting fast, and have far fewer margins of error. According to CNBC estimates, crypto trading bots account for 70% to 80% of the overall trading volume.TokenBot is an automated copy-trading platform … [Read more...] about TokenBot helps crypto traders build social communities and monetize market knowledge
A bit over $45 million worth of longs were liquidated. Liquidations occur when an exchange forcefully closes a trader’s leveraged position as a safety mechanism due to a partial or total loss of the trader’s initial margin. This happens primarily in futures trading, which only tracks asset prices, as opposed to spot trading, where traders own the actual assets. Source link … [Read more...] about Short Traders Lose $82M as Bitcoin Bounces to $43K