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Bitcoin Turns Recovery After A Sudden Morning Dive...$97,000 Flat
Bitcoin(BTC) fell due to the sell-off that occurred on the morning of Dec. 6 and plunged in line with the massive liquidation of the futures market. Bitcoin recorded a drop of about 11% in the morning, falling to $94,035 in the morning. According to data released by cryptocurrency media Crypto Slate on Dec. 6, the majority of liquidations in the futures market were recorded in Bitcoin, with Bitcoin's liquidation reaching $540 million and Bitcoin's long(rising) betting position reaching about $300 million. Bitcoin, which entered a recovery phase with a 3% increase in
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Bitcoin Plunges 11% In The Morning···More Than $540 Million Liquidated
Bitcoin(BTC), which had maintained its $100,000 march, fell to $94,035 at 7:30 a.m. on the morning of Dec. 6 due to a sharp sell-off and massive liquidation in the futures market. On the morning of Dec. 6, Bitcoin recorded a drop of about 11%. Bitcoin plunged due to a sharp sell-off that occurred on the morning of Dec. 6. Bitcoin rose sharply on Dec. 5, continuously maintaining $100,000 after surpassing $100,000. With Bitcoin's high rise, open interest began to accumulate in the futures market, and a large liquidation occurred along with Bitcoin's plunge, accelera
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Major News Headlines for Today
1. Bitcoin Plunged 11% Last Night, Recorded Liquidation Over $540 million Bitcoin (BTC) plunged about 11% to $94,035 at 7:30 a.m. on Dec. 6, with liquidation in the cryptocurrency futures market reaching about $885 million. According to data released by cryptocurrency media Crypto Slate on Dec. 6, the majority of liquidation in the futures market was Bitcoin, with Bitcoin's liquidation reaching $540 million and Bitcoin's long betting position reaching about $300 million. 2. CryptoQuant "Bitcoin Rally Will Be Longer For Long-Term Holde
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Bitcoin Marches New High After $100K Break
Bitcoin(BTC), which had been sideways for about a month, finally exceeded $100,000 on Dec. 5. Bitcoin, which was crossing the $98,000 mark on the morning of Dec. 5, surpassed $100,000 at 11:40 a.m. Bitcoin, which surpassed $100,000, continued to defend $100,000. As the symbolic section of $100,000 was exceeded, additional buying surrounding Bitcoin flowed in. As Bitcoin surpassed $100,000, funds in the cryptocurrency market were concentrated on Bitcoin. Bitcoin Dominance rose and altcoins fell. Except for 'light' altcoins with low market capitalization soaring m
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Bitcoin Finally Hits $100,000..."126% Rise Rate Record at 2024"
Bitcoin(BTC) surpassed the "$100,000 mark" at 11:40 a.m. on Dec. 5. Bitcoin, which had been on the rise in recent months, went into a long sideways trend for about a month after topping $90,000 on Nov. 12. The reason for Bitcoin's $100,000 mark on Dec. 5 is interpreted as buying due to remarks by key figures that recognize Bitcoin. Jerome Powell, chairman of the U.S. Federal Reserve(Fed), recognized Bitcoin as an investment asset similar to gold in his official appearance on Dec. 4, and Russian President Putin also hinted at international trade thr
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Major News Headlines for Today
1. Fed Chair Jerome Powell "Bitcoin Competes with Gold, not Dollar" Jerome Powell, chairman of the U.S. Federal Reserve, said in an interview with the New York Times on Dec. 4 that Bitcoin(BTC) cannot be used as a currency due to price volatility and is a speculative asset that can be compared to gold. Asked whether the recent surge in Bitcoin means a loss of confidence in the dollar and the Fed, he replied, "Bitcoin is not a competitor of the dollar, but a competitor of gold." 2. Trump Officially Appoints Paul Atkins As Next S
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Bitcoin Recovers After Declaring Martial Law in South Korea
On Dec. 4, the cryptocurrency market including Bitcoin(BTC), overcame the plunge that occurred the night before and recovered to the same price range as the previous day. At 10 p.m. on Dec. 3, President Yoon Suk Yeol declared an emergency martial law through an emergency statement from the presidential office in Yongsan. The Korean cryptocurrency market is facing panic, and Korean investors are falling into panic sells and selling cryptocurrency with great momentum. The panic sells of South Korean investors led to the paralysis of Upbit and Bithumb, S
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Cryptocurrency Recovers After Plunging by South Korean Presidential Martial Law Declaration
The cryptocurrency market, which had plunged due to the declaration of an emergency martial law by South Korean President Yoon Suk Yeol, began to recover on Dec. 4 after the emergency martial law was lifted. President Yoon Suk Yeol said in an emergency statement at the presidential office in Yongsan at 10 p.m. on Dec. 3, "We declare an emergency martial law to protect the free Republic of Korea." The Korean cryptocurrency market faces panic over President Yoon's declaration of an emergency martial law, and investors in the Republic of Korea fell in
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Major News Headlines for Today
1. Cryptocurrency Recovers After Plunging on South Korean Presidential Martial Law Declaration The cryptocurrency market, which had plunged last night due to the declaration of an emergency martial law by South Korean President Yoon Suk Yeol, began to recover on Dec. 4 after the lifting of the emergency martial law. President Yoon Suk Yeol said in an emergency statement at the presidential office in Yongsan at 10 p.m. on Dec. 3, "We declare an emergency martial law to protect a free Korea." President Yoon's declaration of an emergency mar
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Skyrocketing Ripple Drives Market Rise
Ripple(XRP), which led the market to rise due to soaring prices the previous day, continued its rise on Dec. 3, driving the cryptocurrency market to strengthen. XRP, which had surged about 30% on Dec. 2, also rose about 20% to $2.7 on the morning of Dec. 3. As XRP, which had plummeted after soaring all the time, continued to rise, investors inflated their expectations that XRP would achieve its new high price. XRP's Rise A number of altcoins rose more than 5%, creating a full bull market atmosphere. Amid the rise of XRP, Bitcoin(BTC)
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Expert "The Cause of Ripple Surge, Outstanding Agreements Surge"
On Dec. 2, an analysis was raised that the cause of the surge in Ripple(XRP) was an outstanding agreement that has been rapidly driven to the futures market. Maarten Regterschot, a researcher at CryptoQuant, pointed to the Ripple's price volatility on Dec. 1, pointing to the XRP's outstanding interest rate in the futures market. "XRP's open interest in the futures market is expected to rise by about 37%, and it is expected to be highly volatile," he said. "In a similar situation as last time, XRP's price fell by 17%. Be agile and manage the crisis
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WisdomTree Submits Application For Ripple Spot ETF
Asset manager WisdomTree applied to the U.S. Securities and Exchange Commission(SEC) on Dec. 2 to get approve the XRP spot exchange-traded fund(ETF). According to WisdomTree's official ETF application 'S-1' filed with the SEC, WisdomTree designed the ETF 'WisdomTree XRP Fund' to estimate the spot price of XRP. WisdomTree XRP Fund, designed by WisdomTree, explained that it will follow the spot price of XRP on an independent basis by compiling the spot price of XRP within major cryptoc
