Bitcoin briefly dips below $42k, liquidates majority of long positions across exchanges
Bitcoin briefly dips below $42k, liquidates majority of long positions across exchangesThe flagship crypto experienced $20.52 million in liquidations over the past 24 hours, roughly 85% of which were longs — equating to $17.48 million.
Happy Monday!The global crypto market cap is $1.67 trillion, with a 24-hour volume of $58.91 billion. The price of Bitcoin is $42,418.15, and BTC market dominance is 49.8%. The price of Ethereum is $2,520.60, and ETH market dominance is 18.1%. The best-performing sector is Art, which gained 3%. The Crypto Fear & Greed Index is currently Neutral (52). Top News
Bitcoin briefly dips below $42k, liquidates majority of long positions across exchangesThe flagship crypto experienced $20.52 million in liquidations over the past 24 hours, roughly 85% of which were longs — equating to $17.48 million. Samson Mow believes Bitcoin will surge to $1 million ‘within days or weeks’ once supply crunch hitsThe forecast hinges on a perceived supply shock driven by demand from the recently approved Bitcoin ETFs and the upcoming halving event. Old Cobie post surfaces predicting the Bitcoin ETF run up scenario almost on the dotCobie responded to the old post and said he "can't even remember" writing it and cautioned against taking things out of context in isolation.
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More NewsOver 4k Solana users lost more than $4 million to phishing attacks last monthOne of the prominent attackers of last month has already made a profit of over $1 million by converting stolen USDC to ETH using AllBridge. Here’s why 31% of blockchains games were shuttered in 2023A total of 407 blockchain games — 248 in the first half of 2023 and 168 in the second half — were abandoned. Record-breaking $17.5 billion traded in crypto products following Bitcoin ETF debutInvestor fervor for new US spot Bitcoin ETFs fuels more than $1 billion inflows to crypto product. Why ETFs are not having positive effect on Bitcoin price, yetIt's time to HODL, now more than ever. A supply crunch is coming if ETFs can't continue to get Bitcoin OTC. Bitfinex thwarts $15 billion XRP ‘Partial Payments Exploit’ attack attemptThe suspicious transaction tried to move nearly half of XRP's market capitalization.
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How Bitcoin correlates with traditional assets in the ETF age
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Bitcoin falls 9%, dropping below $42K amidst concerns about GBTC flows
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Traders speculating on digital asset prices lost nearly $220 million during the past day.
Dissenting SEC commissioner says agency approved spot Bitcoin ETPs, not ETFs
Friday, January 12, 2024
SEC commissioner clarifies recently approved Bitcoin products are ETPs, not ETFs, amid potential investor confusion.
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