In the past 1 hour, the global cryptocurrency market cap has experienced a significant decline, falling by over 6% to $1.63 trillion. This meltdown dragged major exchanges such as Bitcoin, Ethereum, Solana, XRP, and Cardano, all of which have dropped by over 6% in just an hour. Bitcoin’s prices have also plummeted by 7% to below $41,000, wiping out earlier gains.
The crypto market has witnessed over $600 million in liquidations today alone. In just an hour, long positions worth over $561 million were liquidated. Crypto traders seem aware, as 176,000 traders have been closed down. The biggest liquidation order on Huobi’s BTCUSDT pair was worth $14.26 million.
Today Matricport made a bold prediction, which has shocked the whole crypto industry as it affected Bitcoin and other exchanges too. The company has anticipated that the SEC will reject all Bitcoin ETFs in January, which could potentially trigger a sharp decline in Bitcoin’s value from $42,000 to $36,000.
Bitcoin started the year with a bang, breaking past $45,000 as everyone buzzed about a potential spot ETF. Lately, though, things got rough with some bad news dragging the market down, but the ETF craze among investors is the same.
Michael Saylor has once again stirred excitement in the crypto space with a powerful post…
The Layer 1 market is still led by Ethereum, while newer projects like Ozak AI…
XRP holders have long been known for their loyalty, having weathered years of SEC battles…
President Trump is signaling major changes ahead for the Federal Reserve and U.S. trade policy.…
Solana investors are experiencing a significant decline in profits, as the SOL price dropped to…
As crypto markets enter a critical Q3 phase, investor behavior is starting to shift in…
