$93,762.00
2.65%$1,792.88
5.61%$4.09
4.98%$2.23
3.37%$606.19
-0.27%$151.08
4.45%$0.999935
0.00%$0.17917
4.35%$0.703646
6.91%$0.245584
-0.42%$1,791.04
5.56%$93,700.00
2.83%$2.96
22.59%$14.87
7.53%$22.28
2.99%$9.07
1.14%$0.268962
3.69%$0.0000136
3.58%$3.18
6.07%$0.182032
2.52%$2,148.43
5.52%$0.999924
0.01%$362.31
1.46%$83.73
0.82%$18.50
-1.14%$4.51
-0.29%$1.001
0.03%$1,792.61
5.70%$0.999149
-0.14%$0.656924
2.62%$228.29
2.86%$28.65
0.41%$1,909.78
5.70%$0.0000089
5.82%$93,802.00
2.78%$6.02
7.32%$5.33
4.54%$51.95
0.28%$2.50
8.71%$338.92
-1.19%$0.928047
3.89%$23.53
-0.74%$5.12
5.49%$32.60
-0.68%$16.82
3.56%$12.63
40.93%$1.049
0.02%$165.65
9.11%$1.00
0.00%$0.090124
-0.37%$0.095251
3.29%$4.59
2.33%$0.700953
1.51%$0.02609788
6.29%$1.17
0.05%$0.225143
4.14%$4.37
3.29%$93,695.00
3.24%$0.345461
11.63%$0.216022
6.86%$2.77
6.30%$4.23
0.11%$2.81
5.30%$0.514274
6.35%$0.618798
0.94%$0.33348
7.68%$0.998602
-0.12%$4.13
2.68%$93,704.00
3.11%$10.31
2.55%$0.452804
6.15%$0.764526
7.00%$158.17
4.40%$1,479.04
4.44%$0.076398
4.06%$0.00001546
9.87%$0.772027
-0.83%$0.864758
8.43%$1.12
5.55%$1,794.83
5.68%$0.597479
8.80%$0.01681395
2.76%$1.056
-2.82%$1,870.35
5.91%$71.29
6.70%$0.668943
2.27%$3.74
6.31%$0.19483
6.54%$0.999892
-0.06%$9.49
5.78%$15.63
2.38%$0.659684
-3.03%$1.00
-0.05%$0.090771
3.90%$2,019.17
5.66%$1.001
0.10%$1.00
-0.04%$3,301.93
-3.36%$606.76
-0.19%$0.01676114
13.26%$92,952.00
3.47%$3,302.70
-3.43%$194.28
4.57%$0.01710248
5.43%$2.58
4.94%$93,666.00
2.83%$0.02267352
25.38%$166.29
4.28%$0.297517
4.05%$0.809222
6.09%$0.192129
5.83%$1,904.86
5.57%$0.689238
4.85%$0.116912
0.79%$0.00007054
13.13%$0.997803
0.01%$3.71
4.27%$0.65454
-0.30%$0.517673
18.12%$0.00000064
2.86%$2.02
1.74%$93,692.00
2.18%$0.397548
3.74%$0.999221
-0.07%$30.83
1.90%$0.242649
8.55%$1.10
-1.61%$0.31609
3.60%$1.82
0.61%$1,873.92
5.70%$0.537283
2.82%$0.00606889
-3.07%$16.77
6.43%$0.152242
5.07%$0.548411
17.20%$33.91
7.08%$3.34
-2.23%$0.536155
-0.12%$0.77111
21.06%$0.649579
6.12%$0.532869
12.45%$0.998646
-0.06%$90,864.00
2.97%$0.04895327
32.21%$94,987.00
-0.05%$0.067242
-0.55%$0.443645
2.91%$0.00845186
-1.08%$93,591.00
2.62%$1.72
4.24%$0.999901
0.00%$2.20
12.89%$0.178988
4.27%$1.30
1.50%$1,871.25
5.59%$0.999863
-0.00%$0.00002194
1.69%$15.39
4.03%$0.148674
7.10%$0.00687565
14.75%$110.78
0.01%$6.03
4.85%$1,787.06
5.48%$93,544.00
2.97%$0.00000043
-0.53%$6.42
9.57%$0.168584
41.40%$1.084
0.04%$0.50926
6.51%$2.51
4.11%$0.503951
17.70%$0.993805
-0.64%$0.078155
4.80%$0.225665
4.24%$3.58
-0.40%$1,792.85
5.67%$0.04072784
4.85%$0.332986
13.57%$1,792.42
5.69%$43.29
4.86%$1,905.77
5.39%$0.082796
6.33%$1.00
-0.05%$0.00707376
9.59%$1,792.36
5.62%$0.999668
0.01%$0.179156
2.68%$21.74
0.11%$0.00419564
4.00%$0.00006478
3.73%$0.997957
-0.23%$0.561754
3.32%$0.351711
10.20%$0.820464
2.98%$0.0172834
0.34%$0.00000162
16.98%$1,834.41
5.99%$0.998133
0.08%$0.999659
-0.02%$0.1193
-0.15%$0.331218
5.56%$0.03153143
0.17%$0.00452722
42.15%$0.307745
17.68%$0.674486
13.00%$2.71
4.53%$93,651.00
2.68%$1.21
7.03%$26.95
7.72%$113.67
3.78%$0.239658
5.22%$1.00
0.04%$0.649741
9.41%$0.697558
2.91%$0.139007
-1.10%$93,405.00
3.88%$1,772.67
5.67%$3.52
-0.40%$0.999735
0.05%$22.39
4.24%$2.89
3.69%$0.271448
2.12%$3,187.32
0.01%$1,893.07
5.92%$1,794.78
5.70%$0.187609
4.13%$0.112103
3.02%$0.03719202
1.43%$0.513025
5.10%$1,880.69
2.58%$15.34
7.58%$0.01268875
2.87%$0.02963035
4.04%$0.00280917
4.20%$0.440319
3.14%$22.25
2.90%$0.949521
6.81%$0.728792
3.44%$0.247597
16.82%$1.016
4.96%$0.00270347
7.01%$1,964.36
5.66%$1.00
-0.01%$1.00
0.02%$0.00
6.39%$1,948.35
5.67%$2.23
2.70%$93,514.00
2.63%Reading
Bitcoin has left a trail of $255 million worth of liquidations in its wake after it suddenly plummeted to $61,000 yesterday and took the rest of the market with it.
The Bitcoin price has shown some signs of recovery since yesterday, hitting a peak of just under $63,000 early Thursday. BTC is currently changing hands for around $62,750, down only 0.1% in the past 24 hours and 11.1% lower than it was this time last week, per data from CoinGecko.
The broader crypto market has moved on a similar trajectory; the global crypto market capitalization is now only 0.1% lower than it was this time yesterday and currently sitting at $2.4 trillion.
Thanks to yesterday's sudden Bitcoin slide, more than $255 million worth of futures contracts have been liquidiated, according to Coinglass. Exchanges and brokerages will liquidate, or force trades to close, their positions if they sustain heavy losses.
It's been an especially painful week for crypto derivatives traders. Over the weekend, more than $700 million worth of long contracts were forced to liquidate.
Long contracts allow traders to bet the price of an asset will increase and shorts are a way for them to bet it'll decrease. And in the past week, it's the optimists who've felt a lot of pain in this volatile pre-Bitcoin halving market.
But there's a bit of light ahead. Philip Swift, founder of Look Into Bitcoin, said on Twitter he thinks global liquidity improving could have an even more pronounced impact on markets than the halving. The next Bitcoin halving event is currently scheduled for late Friday night.
"I still think global liquidity breaking out will be an even bigger bullish driver for the rest of this cycle," Swift predicted early Thursday morning.
#bitcoin halving in a couple of days time, but I still think Global Liquidity breaking out will be an even bigger bullish driver for the rest of this cycle. pic.twitter.com/OoGqtKt8EQ
— Philip Swift (@PositiveCrypto) April 18, 2024
But it's unclear just how soon liquidity might improve. Bitcoin billionaire Arthur Hayes has been bearish on the halving because things have been looking so poor for liquidity. He recently said in a blog post that he fears the halving will "add propellant to a raging firesale of crypto assets."
The first satoshi mined on the Bitcoin blockchain after last week’s halving event, mined by Bitcoin mining pool ViaBTC, went up for auction—and fetched a sizable seven-figure sum. The auction of “epic sat” 1,968,750,000,000,000, hosted on the cryptocurrency exchange CoinEX, ended Thursday with a final bid of 33.3 Bitcoin ($2.13 million worth) winning the piece of Bitcoin history. It's not yet clear who won the auction. The auction of the Epic Sat began on April 20, the day after the halving, wit...
It's been roughly four days since Bitcoin (BTC)’s fourth halving event occurred, and market watchers have amassed enough data to give an early verdict on its effects. For one, Bitcoin’s supply inflation rate has collapsed, as expected. Each Bitcoin block—mined roughly once every ten minutes—now produces just 3.125 new BTC, half of its former 6.25 BTC block subsidy. Before the halving, 900 BTC was generated daily, fueling a 1.7% inflation rate. The new figures are roughly equivalent to 450 BTC pe...
Earn a free on-chain NFT by taking our course, "Bitcoin Halving 101: What it Means for Miners and Investors." Every four years, the amount of Bitcoin doled out to cryptocurrency miners halves in a process imaginatively known as the Bitcoin halving (or halvening, though the term has fallen out of favor in recent years). Here’s why—and how—it works. Bitcoin’s supply limit To understand the Bitcoin halving, we must first understand the theory behind its supply. The inventor of Bitcoin, Satoshi Naka...
