liquidations

BitMEX Leaderboard Trader Fears Bitcoin Could See a Second “Flash Dump”

Source Node: https://bitcoinist.com/bitmex-leaderboard-trader-fears-bitcoin-could-see-a-second-flash-dump/?utm_source=rss&utm_medium=rss&utm_campaign=bitmex-leaderboard-trader-fears-bitcoin-could-see-a-second-flash-dump
Time Stamp: August 7, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin has slid lower over the past 24 hours as the cryptocurrency failed to surmount $12,000 in the latest leg higher. As of the time of this article’s writing, BTC trades for $11,600 — 5% shy of the local highs. Investors are still reeling from the flash crash that transpired approximately one week ago. While that was seemingly a black swan event, a trader is fearing a secondary event. The individual in question is a two-time BitMEX return on equity (ROE) leaderboard trader, meaning he has a strong track record.

Bitcoin Plunges Under Pivotal $11.5k Support: What Do Analysts Think Is Next?

Source Node: https://bitcoinist.com/bitcoin-plunges-under-pivotal-115k-support/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-plunges-under-pivotal-115k-support
Time Stamp: August 7, 2020 2:50 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin is slipping lower after peaking at $11,950 just the other day. This marked the second major rejection at the pivotal $12,000 level in the span of a week. As of the time of this article’s writing, BTC is trading for $11,400. This is the lowest price in days, with the asset last trading this low after last week’s flash crash. Analysts believe that Bitcoin’s ongoing drop could be a precursor to a greater move lower. $11,500 has been a level that traders have been watching with intrigue. Some have

mStable DeFi Guide: Ultimate Stablecoin Solution

Source Node: https://www.asiacryptotoday.com/mstable/
Time Stamp: August 4, 2020 10:44 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

mStable is a newly launched DeFi protocol aimed at streamlining the application of stablecoins in a unified ecosystem it aims to create. There are many projects that seek to increase the adoption of cryptos by linking them to traditional financial systems. Stablecoins, for one, have been created to do just that. Using blockchain and smart contracts, the crypto community has devised a way to make digital asset representation of fiat currencies. But even behind the recent developments surrounding stablecoins, a concern still remains: the assets that back the number of

The Bulls Are Back in the Digital Asset Market

Source Node: https://www.bitcoinmarketjournal.com/the-bulls-are-back-in-the-digital-asset-market/
Time Stamp: August 3, 2020 3:03 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Hope you had an excellent weekend. It’s become a bit of a rarity lately while bitcoin was sitting flat, but now that crypto is in a bull market again, I suppose it makes sense to see some volatility over the weekend. Hope it’s not surprising to anyone. Stocks are moving up, precious metals are marching higher, and capital is flowing toward new age financial technology in a way that we’ve never really seen before. There’s a lot more liquidity these days, and it has been floating into all sorts of

Weekend Market Action Signals DeFi-Driven Bull Market Has Arrived

Source Node: https://beincrypto.com/weekend-market-action-signals-defi-driven-bull-market-has-arrived/
Time Stamp: August 3, 2020 4:01 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

This weekend’s epic crypto market momentum has been a remnant of the volatile action witnessed in late 2017. Ethereum has been in the driver’s seat, but instead of the ICO-saturated market of yesteryear, DeFi platforms are now dominating the sector in 2020. Cryptocurrency markets have reached their highest levels this year in terms of total market capitalization. Trouncing February’s highs of $300 billion, the total market cap surged to $360 billion this past Sunday. The figure has yet to top the 2019 peak in mid-June when the total cap exceeded

$500M Liquidated: Bitcoin Slides to Crucial Level Following Overnight Volatility

Source Node: https://bitcoinist.com/500m-liquidated-bitcoin-slides-to-crucial-level-following-overnight-volatility/?utm_source=rss&utm_medium=rss&utm_campaign=500m-liquidated-bitcoin-slides-to-crucial-level-following-overnight-volatility
Time Stamp: August 2, 2020 12:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin bore witness to some intense overnight volatility that came about after it hit highs of $12,000 From this point, the cryptocurrency decline to lows of $11,000 before finding some strong support Despite buyers protecting this level, its inability to post any type of strong bounce here does seem to be a negative sign for the cryptocurrency The sharp cliff formed as a result of the overnight selloff also led to massive liquidations amongst buyers Despite the blow this struck to BTC’s market structure, some analysts remain bullish, noting that