Bitcoin’s rally near $28,000 sparks $75 million in market liquidations

Bitcoin’s rally near $28,000 sparks $75 million in market liquidations
фото показано с : cryptoslate.com

2023-10-16 11:51

Quick Take

Bitcoin exhibited a price surge of more than 2.5% in the last 24 hours and an overall increase of 4% across the weekend, positioning it just under the noteworthy $28,000 mark.

This uptick in Bitcoin’s value has had a significant ripple effect on the broader crypto market, instigating a total of $75 million in liquidations in the past 24 hours. Of this amount, Bitcoin’s price surge alone prompted $30 million in short liquidations. An analysis of the liquidations reveals a predominance of short liquidations, accounting for $62 million, while long liquidations made up the remaining $13 million.

In addition, the Ethereum/Bitcoin ratio, a reliable indicator of Bitcoin’s performance, registered a new low, declining by 1% over the past 24 hours to the current price of 0.0567. This dip underscores Bitcoin’s prevailing strength. Concurrently, Bitcoin’s dominance ratio has surpassed 51.3%, positioning itself on the cusp of a new year-to-date high, which, if achieved, would exceed 52%.

Liquidations: (Source: Coinglass) ETH/BTC & Bitcoin Dominance: (Source Trading View)

The post Bitcoin’s rally near $28,000 sparks $75 million in market liquidations appeared first on CryptoSlate.

origin »

Bitcoin (BTC) на Currencies.ru

$ 90418.75 (-0.20%)
Объем 24H $56.041b
Изменеия 24h: -1.13 %, 7d: 3.11 %
Cегодня L: $89859.87 - H: $91336.29
Капитализация $1804.736b Rank 1
Цена в час новости $ 27775.18 (225.54%)

bitcoin million market rally sparks near liquidations

Источник: cryptoslate.com

bitcoin million → Результатов: 126


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Solana’s Breakpoint 2025 is days away: what’s the SOL price outlook?

Solana is showing price resilience as the blockchain network records key milestones ahead of a pivotal event. With institutional adoption accelerating and technical upgrades underway, SOL price is eyeing $150 – and the upcoming Breakpoint conference could be one of the big upward catalysts.

Coinbase’s Base integrates Solana via Chainlink CCIP, enabling cross-ecosystem transfers

Coinbase’s Ethereum layer-2 network, Base, has integrated with Solana through a newly launched bridge powered by Chainlink’s Cross-Chain Interoperability Protocol (CCIP). The integration allows seamless transfers of tokens, NFTs, and other digital assets between the two networks, marking a major milestone in bridging EVM-compatible chains with Solana’s non-EVM architecture.

Solana price climbs 10% amid broader crypto gains: SOL to $200 next?

Solana has been leading the major-cap crypto segment over the past 24 hours, jumping more than 10% to climb back above $140. The move has renewed optimism among traders, with the rebound pushing SOL above a key downtrend level and signalling improved short-term momentum.