A surge in Bitcoin is slowing down as investors wait for US inflation statistics and keep an eye on a significant Ethereum blockchain upgrade, both of which have the potential to increase market volatility, leaving some investors burnt.
For the past day, 45,776 traders betting against the crypto market rise were liquidated, with the total liquidations coming in at $176.97 million.
The largest single liquidation order happened on Okex – BTC-USD-SWAP valued at $3.50 million.
Early on Monday, the largest token increased by as much as 3.3%, momentarily reaching $22,000 before reversing course and trading virtually unchanged as of this writing. Smaller currencies like XRP and Solana, as well as Ether, were struggling.
The leading cryptocurrency had a difficult week as it fell to a six-week low at just over $18,500 in the middle of it. Since it dropped below $20,000 at the end of August, this has been losing a lot of value, and that trend has persisted.
After that regional low, BTC gained...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...