Category

Market panic led to the liquidation of $300 million worth of positions and the erasure of $1 billion of open positions within 24 hours. This is a major blow for both long and short traders, as many are forced to sell at a loss

Bitcoin (BTC) prices have shrugged off concerns about sudden changes in long-term dormant wallets, as well as ongoing regulatory uncertainty surrounding Coinbase's lawsuit against the US Securities and Exchange Commission due to unclear encryption rules, and have rebounded strongly to a level of over $28000 for the first time in four days.This may be due to a surge in technical buying before the 50 day moving average of $27200, as well as recent support from a low point slightly above $27000