Bitcoin rallies to $65,000, triggering over $120 million in liquidations in 24 hours

Bitcoin rallies to $65,000, triggering over $120 million in liquidations in 24 hours
фото показано с : cryptoslate.com

2024-5-15 19:07

Quick Take

Bitcoin’s recent surge to $65,000, a level last seen on May 6, has sparked significant volatility in the digital assets market. Bitcoin has now seen a roughly 15% rally from the lows of May 1.

BTCUSD: (Source: TradingView)

Coinglass data shows that Bitcoin is now up over 5% on May 15, which has resulted in over $120 million worth of liquidations in the past 24 hours in the digital asset ecosystem. Both long ($54 million) and short positions ($66 million) were affected. While Bitcoin has borne the brunt of these liquidations ($37 million), it has slightly retraced and is hovering below the $65,000 mark.

Interestingly, a substantial amount of leverage is positioned above $65,000, with hundreds of millions of dollars worth of leverage concentrated around the $67,500 level, just shy of $1 billion, according to Coinglass data.

Binance BTC/USDT Liquidation Heatmap: (Source: Coinglass)

The tailwinds propelling Bitcoin’s ascent include the weakening of the US Dollar Index (DXY), which has broken below 105 after US CPI came in line with expectations.

DXY Index: (Source: TradingView)

The post Bitcoin rallies to $65,000, triggering over $120 million in liquidations in 24 hours appeared first on CryptoSlate.

origin »

Bitcoin (BTC) на Currencies.ru

$ 94091.48 (-0.63%)
Объем 24H $51.901b
Изменеия 24h: -0.39 %, 7d: -5.09 %
Cегодня L: $91951.2 - H: $95752.95
Капитализация $1863.372b Rank 1
Цена в час новости $ 65006.22 (44.74%)

bitcoin seen may volatility sparked digital significant

Источник: cryptoslate.com

bitcoin seen → Результатов: 126


Bitcoin Creates Strong Tailwind as Traders Rotate Capital into Altcoins

Bitcoin’s price has begun consolidating following its immense surge seen throughout the past 48 hours Yesterday afternoon, it rallied as high as $13,200 before it found any strong resistance that forced it lower Unlike the trend seen during fleeting upsurges, Bitcoin did not retrace that far into its recent rally following the rejection at these highs This indicates that bulls are in control of the asset at the moment and may indicate that further upside […]

2020-10-23 02:00


Фото:

Hester Peirce Tells The SEC To Back Off From Bitcoin

Hester Peirce, Head Commissioner at the SEC, now known as ‘Crypto Mom’ has again spoken out against the SEC’s aggressive stance on Bitcoin. Peirce is well known for her bullish stance on cryptocurrency and is often seen as the one remaining glint of hope within the SECs structure, an organisation that looks to be taking a very negative stance on cryptocurrencies.

2018-9-19 20:00


Фото:

Premier League Football Continues To Lend Itself To Bitcoin Adoption

There’s a big trend in Premier League football at the moment that seems to be bringing in big interest in cryptocurrency and blockchain based sponsorships in football. London based Arsenal seemed to be the first to reach such an agreement and since then, we have seen cryptocurrency related sponsorships open up within a range of other top-flight football clubs, including Tottenham Hotspur and Leicester City with their new eToro sponsorships (among other clubs).

2018-9-17 14:30


Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed

University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.

2018-9-13 18:07


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Russia’s largest bank joins digital ruble pilot program

The inclusion of Russia's largest bank in the digital ruble pilot could accelerate the adoption of digital currency, impacting financial systems. The post Russia’s largest bank joins digital ruble pilot program appeared first on Crypto Briefing.

Bitwise files ETF for firms holding over 1,000 BTC

Bitwise's ETF targets firms with over 1,000 BTC, using Bitcoin treasury size over market capitalization for portfolio weighting. The post Bitwise files ETF for firms holding over 1,000 BTC appeared first on Crypto Briefing.

Record $18 billion in crypto options set for year-end expiry

The crypto market is ending the year on a strong note as a record $18 billion worth of options contracts are set to expire. Options allow traders to speculate or hedge against price movements. A call option grants the right to buy an asset at a specific price, while a put option provides the right […] The post Record $18 billion in crypto options set for year-end expiry appeared first on CryptoSlate.