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Crypto Carnage: $1.15B in Leveraged Positions Annihilated as Bitcoin Nosedives
5.8.2024
As of 9 a.m. EDT on Monday, the crypto market experienced a $1.15 billion loss in derivatives positions, with $975.93 million of these being long positions. Of that total, approximately $403.82 million came from BTC positions, while $364.98 million resulted from ETH positions being liquidated. Mass...
Bitcoin price downside may last 2 months — Analysis
5.8.2024
Bitcoin could experience another two months of downside pressure before a bullish chart pattern could lead to a breakout
Ethereum Technical Analysis: ETH Faces Bearish Momentum With Potential for Short-Term Recovery
5.8.2024
On August 5, 2024, ethereum’s price action has been dominated by strong bearish sentiment across multiple timeframes. While short-term consolidation suggests some indecision, the overall market indicators point towards continued downward pressure. With critical support levels approaching...
Xapo Bank debuts interest-bearing Bitcoin, fiat accounts in the UK
5.8.2024
Xapo Bank enters the UK market and becomes the first in the country to launch interest-bearing Bitcoin and fiat banking accounts
First Mover Americas: Bitcoin Crashes to $50K as 'Perfect Storm' Hits Crypto Market
5.8.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Crypto products shed $528M amid recession fears — CoinShares
5.8.2024
As Bitcoin dropped below $50,000, analysts expect more outflows that would potentially drive prices down to $42,000
Over $1B wiped out in crypto liquidations as global markets suffer
5.8.2024
Crypto traders faced significant losses as major cryptocurrencies, including Bitcoin and Ether, experienced a sharp decline, resulting in over $1 billion in liquidations
Bitcoin Technical Analysis: $50,000 Support Under Siege as Bearish Trends Persist
5.8.2024
Bitcoin’s price reached a five-month low, dipping to $49,647 at 2:25 a.m. EDT on Monday, Aug. 5. This decline is fueled by growing concerns about an impending recession, with Japan’s Nikkei experiencing its steepest daily drop since ‘Black Monday’ in 1987. Futures for the Dow, Nasdaq...
Bitcoin Reacts to Global Market Crash, BTC Blips Under $50k
5.8.2024
The end of last week brought some unfavorable circumstances. Now, Bitcoin is down, crypto markets are down, and…
Analysts warn of further Bitcoin downside - could BTC revisit $42k?
5.8.2024
Despite the gloomy outlook, Bitcoin could prevent more downside pressure if it manages to remain above the $51,000 mark
Bitcoin Miner Argo Blockchain Reports Steady Performance in July 2024
5.8.2024
Argo Blockchain PLC has today released its July 2024 operational update, reporting the mining of 48 BTC, maintaining an average of 1.5 BTC per day, consistent with June 2024. The company generated $3 million in mining revenue, with a mining margin in the mid-20% range, slightly lower than...
Bitcoin on edge as economy falters: 10x report
5.8.2024
Findings from a 10x Research report reveal potential Bitcoin value drop below $50,000 amid US economic uncertainty, impacting the broader crypto market
Justin Sun Denies Liquidation Rumors, Announces $1 Billion Fund to Combat FUD
5.8.2024
In his latest social media posts, Tron Founder Justin Sun addressed rumors about the liquidation of their positions, firmly denying any truth to these claims. Sun emphasized that they rarely engage in leveraged trading strategies, as they do not see significant benefits for the industry. Instead...
Crypto Stocks Slump as Bitcoin, Ether Tumble
5.8.2024
Coinbase, MicroStrategy and miners fell as equity markets declined worldwide
Daily Crypto Update: Bitcoin, Ethereum, and top assets fall significantly
5.8.2024
The crypto market has entered a correction phase, with the leading cryptos experiencing a loss of over 10%…
Bitcoin Drops 15% Against Japanese Yen, Outpacing Declines Versus USD, as Yen Carry Trades Unwind
5.8.2024
Japan raised interest rates by 0.25% last week, leading to a strong Yen and a corresponding drop across risky assets including bitcoin
Was Warren Buffett right? 5 Things to know in Bitcoin this week
5.8.2024
Bitcoin sees a giant $30,000 crash in a week while Ethereum retreats 40% and Berkshire Hathaway's Apple sale takes on new meaning as stocks dive worldwide
Bitcoin Price Crash to $50K Dashes Carry Traders' Hopes
5.8.2024
Carry trading, a popular strategy from the first quarter, involves profiting from pricing discrepancies between two markets
Bitcoin dips below $50K: Crypto market crashes 17%
5.8.2024
BTC dominance hits 58% as the cryptocurrency market suffers a 17% drop, leading to a market cap of $1.76 trillion
Bitcoin Continues to Bleed, Falls Below $50K
5.8.2024
Ether prices also fell to $2.2K