Bitcoin continues its downward trend, triggering a wave of long liquidations and reflecting increasing bearish sentiment.
Bitcoin’s value has plunged recently, marking its most significant decline in four months, causing it to fall below critical support levels.has experienced declines over the past few days, leading to a significant volume of liquidations. As Bitcoin’s value has decreased, traders and investors have had to navigate these volatile conditions, contributing to the recent swings in market sentiment.According to AMBCrypto, BTC dropped by 5.
Over the last two days, the total liquidation volume exceeded $142 million. On 3rd August, the liquidation volume was nearly $60 million, with long positions accounting for almost $43 million.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kraken begins Bitcoin (BTC) & Bitcoin Cash (BCH) distribution to Mt Gox creditorsIn a much awaited move, Kraken - a leading crypto exchange - has reportedly started distributing Bitcoin (BTC) and Bitcoin Cash...
Read more »
Bitcoin ATMs see a boom: Is this the catalyst BTC’s price needs?Bitcoin ATM installations were experiencing a resurgence after a dip in late 2022.
Read more »
Bitcoin finds its footing despite German sell-off as key area surgesGermany has been actively selling off a significant portion of its Bitcoin holdings in recent transactions.
Read more »
BlockDAG poised to reach $10 by 2025 despite market fluctuations with Bitcoin & EthereumExplore the premier cryptocurrency investments for 2024 featuring BlockDAG's profitable miners, Bitcoin's investment potential...
Read more »
Hong Kong debuts Asia’s first inverse Bitcoin ETFs: Time to bet on bears?Hong Kong Debuts Asia's First Inverse Bitcoin ETF. The ETF allows investors to profit from Bitcoin market volatility
Read more »
Bitcoin’s bull run continues, but where’s the retail demand?Retail interest in Bitcoin has dropped to a level last seen in 2021, stroking fears amongst Bitcoin bulls. What will restart retail interest?
Read more »