Per the game theory concept, buyers who got their assets at a considerably lower price than the rest of the market and are still holding onto their stash will be happy to acquire the asset at even lower prices.

Crypto traders were caught off-guard  as the market paused recent losses, liquidating $230 million in positions over the past 24 hours. Total market capital appeared to be holding around $1.7 trillion this week, after losing more than $200 billion in five days. Shorts disappointed as losses pause Traders positioning for a further decline in markets

The post $220 M Positions Wiped In Last 24 Hrs As Crypto Faces Multiple Regulatory Decisions In US And Europe appeared first on CoinGape.

Data shows more than $170 million in Bitcoin futures has liquidated over the past 24 hours as the price of the crypto makes sharp recovery above $38k. BTC Price Makes Sharp Recovery From Crash Due To Russia’s Invasion Of Ukraine Following the commencement of the Russian invasion of Ukraine yesterday, the price of Bitcoin took a deep plunge down as investors pulled out of the market. During this crash, the coin’s value went as low as $34.4k. However, today the value of the crypto already seems to have made some sharp recovery as the price hit $39k earlier in the day. At the time of writing, Bitcoin’s price floats around $38.8k, down 4% in the last seven days. Over the past month, the crypto has gained 7% in value. The below chart shows the trend in the price of BTC over the last five days. BTC's price has made some sharp recovery today | Source: BTCUSD on TradingView Bitcoin Futures Liquidations Over The Past Day Reach More Than $170 million Due to this sharp price rise, there have been some mass liquidations in the futures market. In case someone isn’t familiar with what a “liquidation” is, it’s best to get a quick overview of margin trading first. As you may know, when investors purchase a buy or sell futures contract on a derivatives exchange, they have to put forth some initial investment, called the “margin.” Against this margin, users can loan Bitcoin amounts many times their actual position. This is called making use of “leverage.” Any profit that investors earn on this leverage is theirs to keep. Related Reading | Bitcoin Investors Haven’t Responded To Russia-Ukraine War With Large Inflows (Yet) However, if the price of the coin moves opposite to the direction they bet on, then their losses are also as many times more in magnitude as the leverage. After the user loses a large percentage of their margin because of these losses, the exchange forcibly closes the position. This is precisely what a “liquidation” is. Now, here is the latest data regarding the Bitcoin futures liquidations: Looks like the futures market has observed some mass liquidations over the past day | Source: CoinGlass As you can see above, more than $170 million in Bitcoin futures contracts have been liquidated over the past 24 hours. Related Reading | Bloomberg Strategist: This Is The Defining Moment To Buy Bitcoin Since these liquidations took place because of a sharp price move up, the majority of these are from short contracts. While this is a sharp and unexpected recovery for the crypto, it’s unclear how long it will last. The macro fears and uncertainties due to the Russia-Ukraine war are still abound at large as the invasion still rages on. Featured image from Unsplash.com, chart from TradingView.com

Global markets reversed earlier losses in roller-coaster day.

Bitcoin’s meteoric rally liquidated about $172 million in short positions in the last 24 hours, data from coinglass.com shows. The currency led a crypto market recovery from one-month lows as U.S. President Joe Biden held off on completely blocking Russia from the global financial system. Bitcoin price jumps 10% in last 24 hrs The world’s

The post Bitcoin (BTC) Plays Game Stop Alike Rally, $172 Short Liquidations In Last 24 hours. appeared first on CoinGape.

With a market cap jump of more than $150 billion in the last 24 hours, the crypto market saw one of the strongest recoveries in 2022.

The potential for a retracement below $40,000 is a real possibility, analysis warns, while funding rates remain encouragingly low.

The SEC expressed concerns about a Grayscale spot Bitcoin ETF because it fears possible share manipulation and liquidity of Bitcoin markets so let’s read further in today’s latest cryptocurrency news. The US SEC expressed concerns about how the Grayscale spot bitcoin ETF could head off share manipulation and fraud via its proposal to convert the […]

The post Bitcoin And Ethereum Price Heading Towards A Bull Summer Or Bull Trap Before A 30% Dump? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The world of cryptocurrencies is awakened to bright and greener numbers all around. As digital assets from the industry’s directory have leapt over the parapet. The move by the cryptos from the business has shepherd in the much-needed optimism in the industry. The market cap of the industry has now risen back to higher levels …

Bitcoin suffered from hefty losses, which were enhanced by Russia's central bank proposal to ban cryptocurrencies and mining. While Bitcoin was able to post some recovery off its lows, are we in fr...

Bitcoin “isn’t shouting for bullishness” below $37,500, fresh analysis says, as the Fed’s latest comments deliver little direction.

Digital currency markets have slipped significantly in value during the last two weeks and the lower prices have not sparked higher trade volumes. Data shows cryptocurrency spot market volume has slipped from $1.4 trillion in November 2021, to this month’s $593 billion in volume. Bitcoin futures open interest and volumes have dropped considerably over the […]