Bitcoins surge toward $70,000 triggered nearly $2.7 billion in short liquidations within 24 hours, marking the largest forced closure of bearish crypto positions in CoinGlass records dating back to 2021. Total crypto liquidations approached $3 billion across 172,108 traders. Short positions represented roughly 92% of the losses, while long liquidations totaled about $257 million. That […]
Category: News
By Jordan Lyanchev Most of July and August were highly dull trading periods for the entire cryptocurrency market, with little to no movement, a lack of actual interest, and missing volume. It all changed yesterday afternoon when the market was revived with major price rallies across all assets. Ripple’s XRP also exploded alongside its peers, […]
By Chayanika Deka XRP’s struggle near $1 continues even as its peers display modest gains this week. The crypto asset is down by almost 10% over the past month. Despite the weakness, much more XRP is being withdrawn than deposited across major platforms. Reserves Slide According to the latest analysis shared by CryptoQuant, XRP reserves […]