XRP Skyrockets 58% in Volume Amid $377 Million Crypto Market Sell-Off

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

This increase in volume might be indicator of market activity

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.

Paolo Ardoino, Tether CEO and CTO at Bitfinex, took to X shortly after the piece, saying the WSJ is"regurgitating old noise." According to Ardoino, there is no indication that Tether is being investigated.Ripple CEO Warned About Tether “Black Swan Event” in 2024, Is It Happening?has risen 58.62% to over $1.36 billion, or 2.66 billion XRP, according to CoinMarketCap data.

, crypto-tracked futures saw over $377 million in liquidations in the past 24 hours as the market dipped, representing a 182% increase. Traders betting on higher prices lost more than $308.76 million; those betting on Bitcoin and Ethereum lost $44.21 million and $45.64 million, respectively. The largest single liquidation order was on Binance — a BTCUSDT trade valued at $3.59 million.A liquidation occurs when an exchange terminates a trader's leveraged position because the trader is unable to meet the margin requirements.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

XRP Skyrockets 60% in Volume Amid $266 Million Market ChaosXRP eyes epic 60% volume spike as $266 million liquidations shake cryptocurrency market
Source: Utoday_en - 🏆 295. / 63 Read more »