Enormous $670 Million Destroyed on Market in 24 Hours as Bitcoin (BTC) Lost $55,000

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

The enormous selling volume we are currently seeing is beyond the capacity of the market's liquidity. Due to the lack of liquidity, even modest sales volumes may have a significant effect on the price. It will be a difficult journey to recovery. It is unlikely that there will be a rapid recovery because of the large liquidations, large sell-offs from institutional and governmental sources and negative market sentiment overall. Preparing for a midterm bearish market might be a wise decision here.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Yolanda Hadid’s Former Malibu Mansion Just Hit the Market for $35 MillionOwned by 'The Real Housewives of Beverly Hills' star and then rented out by Kylie Jenner, the Carbon Canyon home retains its popular produce fridge.
مصدر: RobbReport - 🏆 309. / 63 اقرأ أكثر »

This game hits $100 Million in just 10 days, dominating Chinese marketSebastian, a veteran of a tech writer with over 15 years of experience in media and marketing, blends his lifelong fascination with writing and technology to provide valuable insights into the realm of mobile devices.
مصدر: PhoneArena - 🏆 322. / 59 اقرأ أكثر »

Malibu mansion owned by Sally Field and Olivia Newton-John hits market for $25 millionA Malibu home that was previously owned by A-list actresses Sally Field and Olivia Newton-John and DC Comics CEO James Gunn is up for sale for $25 million.
مصدر: FoxBusiness - 🏆 458. / 53 اقرأ أكثر »

XRP Skyrockets 170% in Volume Amid $281 Million Market CrashXRP demonstrating lesser losses among top 10 cryptos
مصدر: Utoday_en - 🏆 295. / 63 اقرأ أكثر »