Crypto Bloodbath Liquidates $640 Million in the Past Day
05.07.2024 12:44 1 min. read Alexander Stefanov
The crypto bloodbath continues as Bitcoin dipped below $54,000 with the rest of the market following its lead.
This week was really rough for the crypto market with the start of a major sell-off and most cryptocurrencies crashed to multi-month lows.
Bitcoin (BTC) in particular dipped to $53,700 and Ethereum (ETH) lost the $3,000 level.
The market’s total cap declined by 6.95% to $1.98 trillion, singaling a potentnial short to mid-term bearish scenario.
Panic selling began after the German government started selling large amounts of Bitcoin from their wallet. The Mt.Gox repayment plan and the expected sell-off also fueled investors’ fear.
In the past 24 hours liquidations peaked at $637,69 million with $540.51 million in longs and $97.29 million in short positions.
At the time of writing Bitcoin is trading at $54,400 and Ethereum is priced at around $2,870.
-
1
Cardano Shows Signs of Recovery as Market Sentiment Turns Positive
17.06.2025 16:00 1 min. read -
2
Coinbase Brings Wrapped XRP and DOGE to Base for DeFi Integration
06.06.2025 13:00 1 min. read -
3
Canada Green-Lights First XRP ETF, Beating the U.S. to Market
17.06.2025 9:00 1 min. read -
4
Top 4 Cryptos to Watch This Summer, Offering 1000x Growth Potential
16.06.2025 13:43 4 min. read -
5
Uphold Wants to Pay Yield on XRP – Here’s the Work-Around
15.06.2025 19:00 2 min. read
Pennsylvania Man Sentenced to 8 Years for $40M Crypto Ponzi Scheme
The U.S. Department of Justice has sentenced Dwayne Golden, 57, of Pennsylvania to 97 months in prison for orchestrating a fraudulent crypto investment scheme that stole over $40 million from investors.
Snorter Token ($SNORT) Price Prediction, ChatGPT Forecasts 10x by end of 2025
Snorter Token ($SNORT) is a new meme coin and utility token designed to enhance crypto trading with its Telegram-native trading bot, Snorter Bot. This bot is equipped with sniping capabilities, copy trading, and swap functionalities, offering traders the ability to profit from the volatile crypto markets. As the presale has garnered significant attention, raising over […]
Binance Netflow Data Shows Diverging Altcoin Trends
According to a new report from CryptoQuant, recent Binance netflow data reveals a clear divergence in altcoin behavior — offering insights into which tokens may be poised for upside and which could face near-term sell pressure.
What Are the Most Talked-About Words in Crypto Today?
Cryptocurrency analysis firm Santiment has revealed the words that have attracted the most attention in the cryptocurrency community in the last 24 hours.
-
1
Cardano Shows Signs of Recovery as Market Sentiment Turns Positive
17.06.2025 16:00 1 min. read -
2
Coinbase Brings Wrapped XRP and DOGE to Base for DeFi Integration
06.06.2025 13:00 1 min. read -
3
Canada Green-Lights First XRP ETF, Beating the U.S. to Market
17.06.2025 9:00 1 min. read -
4
Top 4 Cryptos to Watch This Summer, Offering 1000x Growth Potential
16.06.2025 13:43 4 min. read -
5
Uphold Wants to Pay Yield on XRP – Here’s the Work-Around
15.06.2025 19:00 2 min. read