Bitcoin Elliott Wave Analysis: Is a Major Correction Brewing?
An in-depth analysis using the Elliott Wave Theory to predict Bitcoin's next move. The post discusses potential scenarios, including a dip to $95,000 before a surge past $100,000, and emphasizes the importance of key support levels.
$527 million in cryptocurrency liquidations was triggered by the rejection of Bitcoin at $100,000
The most popular digital currency in the world, Bitcoin (BTC), has seen significant price volatility in recent days. The coin has had difficulty maintaining its value above the psychological $100,000 mark. In the past 24 hours, this has led to a total of $527 million in cryptocurrency liquidations.
Long positions suffer the most. The entire amount of Bitcoin liquidated was $161.96 million, according to CoinGlass data. Interestingly, during the same period, traders with long positions recorded g
crypto wipeout crossed $8b, more than $2b reported!
Ben Zhou, the CEO of Bybit, has hinted that the current liquidation event in the cryptocurrency market might be much bigger than is generally believed. The largest liquidation event in cryptocurrency history occurred on Monday, February 3, with over $2 billion in digital liquidations in a single day, according to CoinGlass data.
The COVID disaster and the FTX collapse, two of the most major liquidation incidents ever documented, were surpassed by the estimated $2.2 billion in liquidations, acco
$2.2 billion is lost in a crypto crash—worse than FTX and LUNA
Cryptocurrency traders who were betting on increasing pricing just lost everything. As Ethereum plummeted 20% in a day and Bitcoin dropped to $91K, the market saw over $2.2B in liquidations.
When a significant crypto fall was caused by hysteria over Trump's recently announced tariffs on Canada, Mexico, and China, traders who had placed large bets on prices rising had their positions brutally liquidated. The mayhem resulted in the worst single-day liquidation event ever documented, surpassing ev
In an insider transaction, the interim CEO of Argo Blockchain purchases 75,000 shares.
In an insider transaction, the interim CEO of Argo Blockchain purchases 75,000 shares.
In an insider deal, Jim MacCallum, the company's acting CEO, purchased almost 70,000 shares of Argo Blockchain. In a regulatory filing, Argo Blockchain said that Jim MacCallum, its temporary CEO, bought 75,000 of the company's shares between January 29 and January 30 in the form of American Depositary Receipts, which are shares that are traded in the United States and represent equity of foreign companies. Ac
Elon Musk's father, Errol Musk, is now entering the cryptocurrency space after former President Donald Trump and First Lady Melania Trump did so with their respective memecoins, TRUMP and MELANIA.
According to Fortune Crypto, Errol Musk stated on January 31 that he hopes to generate $150 million to $200 million using his memecoin, MUSKIT, in order to finance the Musk Institute, a new for-profit think institution. Musk On December 12, 2023, it debuted its memecoin in collaboration with tech expe
Since the announcement on November 6, the entire value of stablecoins denominated in USD has surged to a new record high, according to a recent study from on-chain analytics company CryptoQuant.
The study, which monitors Tether's overall market capitalization, Tether USDT 0% In the 86 days after Trump's victory, the combined value of Tether, USD Coin, Binance USD, True USD, Pax Dollar, and DAI has reached $204 billion, a 22 percent increase.The market value of stablecoin soars $37 billion, reaching a record high since Trump's win.
Since Donald Trump won the election in November, the market value of stablecoins has increased by $37.6 billion.
Since the stablecoin market cap serves as a significant source of liquidity for trading on exchanges and its growth generally corresponds with higher cryptocurrency prices, which encourages retail traders to become more active in the market, the report claims that it is a useful metric for assessing market activity. Additionally, the data indicates that USDC has shown robust growth throughout the same time frame, ranking second only to USDT. According to an excerpt from the paper, analysts at CryptoQuant think that the thriving stablecoin market may be an indication that the next big spike in the price of Bitcoin and other cryptocurrencies is about to happen.
While USDT is once again marginally positive after a brief contraction at the beginning of 2024, the liquidity impulse, which gauges the 30-day percentage change in market capitalization, is currently roaring at 20% for USDC. #usdt #Trump2024 #StablecoinRevolution #StablecoinRatings