Cryptos are experiencing a huge shock! Nearly 150,000 people have been liquidated.
The increase in the supply of cryptocurrencies and the latest actions of Binance have all had an impact on the current cryptocurrency market.
Bitcoin Extends Losses for Fourth Consecutive Session
Express News | German parliamentarians urge government to stop selling bitcoin.
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230,000 people blew up their positions! The virtual currency market plummeted across the board.
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U.S. stock market anomaly: Bitcoin falls below $54,000 per coin, and cryptos-related stocks fall before trading.
Bitcoin broke through multiple barriers today and crypto concept stocks fell before the opening. Microstrategy fell more than 9%, Riot Blockchain fell more than 7.5%, CleanSpark fell nearly 7%, and Coinbase fell more than 6%. In terms of news, Bitcoin fell 7.5% within the day after losing the $54,000 per coin threshold. Ethereum is now down more than 6%. In addition, the German government reportedly transferred another portion of its large Bitcoin reserves to the exchange.
Express News | Analysis: Friday's non-farm payroll data may increase expectations for a rate cut to boost bitcoin prices.
Bitcoin Crashes to $53K, but Analysts Warn the Worst Isn't Over
Bitcoin crashed as low as $53,600 on Coinbase on July 5, the first time the asset has traded at this price since February, and analysts fear the worst is yet to come.
Express News | Jefferies Financial Group's leader: Dollar Collapse Will Benefit Bitcoin Holders.
Express News | eToro Analyst: Market needs catalysts like Ethereum ETF and rate cuts in September to boost prices.
Express News | According to Rekt Capital, the longer the consolidation period of bitcoin after the halving, the better the current cycle will resynchronize with the traditional halving cycle.
Express News | The German government transferred over $75 million worth of bitcoin to an exchange.
Express News | Tesla's stock rose more than 5% in after-hours trading, and the second-generation humanoid robot Optimus was officially unveiled.
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Bitcoin Slumps Below $58K for the First Time in Two Months
Bitcoin has fallen for three consecutive days and lost the $60,000 mark due to the political turmoil in the USA and the Mt. Gox sell-off crisis.
According to the Wisdom Financial app, Bitcoin has fallen for the third consecutive trading day, approaching its level since February this year, due to reasons including political turmoil in the United States and creditors of bankrupt exchange Mt. Gox potentially selling its assets. On Thursday, the largest cryptocurrency Bitcoin fell 2.7%, followed by a narrowing of the decline to 1%, to $58,880. Smaller tokens such as Solana and Dogecoin have also fallen. Global investors are all paying attention to the potential risks of US President Joe Biden giving up his campaign. One possibility is that a stronger Democratic candidate will appear to compete with Republican Donald Trump.
Cryptos have suffered a major drop across the board, what happened? It may be related to Binance's actions.
Recently, virtual currencies, led by Bitcoin, have entered a relatively complex stage. Moments ago, virtual currencies fell across the board. The price of Bitcoin fell to around $60,000, while Ethereum struggled to rise and retreated to around $3,300.