Fear Returns to Crypto Market Following Bitcoin Price Crash

Shocking Bitcoin Mining Fact Causes Fresh BacklashAccording to data provided by Coinglass, $320.86 million worth of crypto has been liquidated over the past 24 hours. Long positions account for the vast majority of these liquidations. As noted by analytics platform Santiment, the latest retrace came after longs started “pouring in” on exchanges of the likes of dYdX.

In fact, such eagerness to long Bitcoin has not been seen since March, the month the largest cryptocurrency hit its current peak. Liquidations happened quickly due to traders being extremely greedy. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

First Mover Americas: Bitcoin Returns to $61K, Outperforms Broader Crypto MarketJamie Crawley is a CoinDesk news reporter based in London.
Source: CoinDesk - 🏆 291. / 63 Read more »

Japan’s stock market rally fades as fear returnsA comeback rally in Japanese stocks has quickly lost steam, as the specter of a US economic slowdown and further yen volatility cast a long shadow across financial markets.
Source: cnni - 🏆 326. / 59 Read more »

Crypto for Advisors: Crypto Volatility and Market ConditionsDuring times of uncertainty, the increased availability and accessibility of an investor’s portfolio can lead to reduced volatility and panic across all asset classes, including crypto-native tokens.
Source: CoinDesk - 🏆 291. / 63 Read more »

Guidance for Surviving Tough Crypto Market Provided by SHIB TeamShiba Inu executive addresses crypto community about surviving hard times on crypto market
Source: Utoday_en - 🏆 295. / 63 Read more »