Coinnews
Bitcoin
$30,075.12
+441.5
(+1.49%)
Ethereum
$2,057.89
+45.85
(+2.28%)
Ripple
$0.43
+0.01
(+2.41%)
Litecoin
$71.21
+4.78
(+7.2%)
EOS
$1.35
+0.04
(+3.2%)
Cardano
$0.57
+0.02
(+3.39%)
Stellar
$0.14
0
(+1.41%)
NEO
$10.74
+0.52
(+5.08%)
NEM
$0.06
0
(+4.86%)
DigitalCash
$58.51
+1.63
(+2.86%)
Tether
$1.00
0
(0%)
Binance Coin
$302.62
+7.22
(+2.44%)
QTUM
$4.10
+0.11
(+2.75%)
Verge
$0.01
0
(+11.32%)
Ontology
$0.28
+0.01
(+1.87%)
ZCash
$103.79
+0.08
(+0.08%)
Steem
$0.28
+0.02
(+6.85%)
E-money exchange rating

Over $300M Liquidated as Bitcoin Price Saw its Highest Daily Increase Since February 2021

42

Over $300M Liquidated as Bitcoin Price Saw its Highest Daily Increase Since February 2021

The enhanced price fluctuations in the entire crypto market resulted in over $300 million worth of liquidations. Bitcoin’s 15% price surge, for one, became its largest one in over a year.

E-money exchange rating
  • The “special military operation” launched by Russian President Vladimir Putin against its western neighbor caused massive disruptions in financial markets last week.
  • Bitcoin, being a highly volatile and free-market asset, dumped by about $5,000 in a day to a monthly low of just over $34,000.
  • However, the cryptocurrency recovered just as rapidly on the following day as no other country wanted to be directly involved in the ongoing war between the two former Soviet states.
  • This led to a period of consolidation for BTC as the asset remained around $38,000 for a few days. Yesterday, though, the situation changed.
  • BTC went on a tear from its aforementioned level, broke above $40,000, and kept climbing to a 12-day high at just over $44,000.
  • By surging by more than 15% in a day, bitcoin recorded its most significant daily price increase since February 2021, when it pumped by almost 20%.
  • Most altcoins have produced even more substantial gains, leading to a large number of liquidations. According to data from Coinglass, more than 60,000 traders were wrecked in the past day, and the total liquidations are over $300 million.
  • The single largest liquidation order (worth over $11 million) happened on Binance and actually involved THETA, which is up by more than 20% in a day.

Over $300M Liquidated as Bitcoin Price Saw its Highest Daily Increase Since February 2021

Over $300M Liquidated as Bitcoin Price Saw its Highest Daily Increase Since February 2021

Source

E-money exchange rating
You might also like