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US stocks are rallying as Wall Street anticipates central bank reluctance to go overly aggressive with tightening monetary policy, so they could provide a cushion for a growth hit that will stem the Russia-Ukraine developments. Even as Russian troops move in on Ukraine’s capital, risk appetite got a boost from Moscow’s signal that they could […]

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

Massive uncertainty remains It’s been another week of significant volatility in financial markets and there’s little reason to expect next week will be any different. The Russian invasion of Ukraine sent shock waves around the world and the ripple effects were felt throughout the markets as investors were forced to consider what the consequences would […]

Disclaimer: The findings of this analysis are the sole opinions of the writer and should not be considered investment advice Litecoin bears took a firm stand at $143 in the past few weeks and the price has once again fallen below the $110 area. The market structure on the higher timeframes was bearish, and it looked […]

Cybersecurity researchers have taken the wraps off a previously undocumented and stealthy custom malware called SockDetour that targeted U.S.-based defense contractors with the goal of being used as a secondary implant on compromised Windows hosts. "SockDetour is a backdoor that is designed to remain stealthily on compromised Windows servers so that it can serve as a backup backdoor in case the

Calling all website coders: Y2K was then. V1H is now!

This week’s Finovate Global takes a look at developments in the Indian fintech industry. Leading off is news that Indian neobank Niyo has secured $100 million in Series C funding. The round was led by Accel and Lightrock India and also featured investment from Beams Fintech Fund, Prime Venture Partners, and JS Capital, among others. Read more...

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Lower crypto asset prices are partly driving the trend seen in the first few months of 2022, execs say

The post Coinbase Expects ‘Softer’ First Quarter After Strong Q4 appeared first on Blockworks.

Most of the cryptocurrency was sent by a single donor who sent $3 million.

As each day goes by, the NFT market is growing and taking up more of the limelight. As February 2022 draws to an end, it’s a good time to check on the progress of OpenSea – but this time, from the Polygon side. New trends taking shape? OpenSea [Polygon] saw some impressive stats in January, […]

Up to $3 million in BTC have been so far donated to Ukraine’s charitable organizations while the military equipment provider Come Back Alive recieved up to $400,000 worth of BTC in the last 24 hours so let’s read furhter in today’s latest Bitcoin news. Accoridng to the data from Elliptic, people donated $400,000 worth of […]