$88,415.00
1.21%$1,619.81
-0.90%$3.74
-4.57%$2.10
-1.04%$605.65
0.35%$139.60
-0.09%$0.999983
0.00%$0.1632
0.90%$0.247627
1.70%$0.63809
-1.07%$1,617.49
-1.04%$88,283.00
1.16%$13.28
-1.59%$9.07
-4.04%$20.10
-2.21%$0.247793
-4.26%$2.31
1.97%$0.00001251
-0.93%$2.91
-3.36%$0.171908
0.16%$0.999842
0.01%$1,946.35
-0.74%$345.59
1.02%$18.19
0.74%$79.16
-2.16%$4.43
-0.39%$1.00
0.06%$0.99895
0.01%$1,620.27
-0.89%$0.63526
0.27%$28.38
0.76%$216.67
0.23%$1,726.00
-0.89%$88,423.00
1.29%$0.00000807
3.27%$5.36
-1.30%$51.08
0.14%$4.87
-5.94%$23.16
0.59%$325.70
1.63%$0.859153
-2.04%$2.19
-5.12%$32.25
-1.10%$1.048
-0.02%$4.67
-6.19%$1.00
0.00%$0.091859
11.06%$15.54
-3.54%$4.39
-1.65%$0.08225
-1.67%$0.666184
0.01%$146.46
1.05%$1.17
0.02%$0.02357173
-3.38%$0.216008
9.79%$4.08
-3.98%$4.23
-0.06%$88,212.00
1.24%$8.51
3.09%$0.193204
-3.89%$2.50
-6.60%$0.29197
-1.87%$0.997237
-0.22%$0.588317
-5.09%$2.51
-3.56%$0.477886
-2.06%$0.299457
-3.95%$3.93
0.10%$88,307.00
1.11%$9.98
-0.47%$146.13
-0.15%$1,381.29
-0.66%$0.405415
1.46%$0.688239
-5.05%$0.746256
6.11%$0.071774
0.01%$1.057
16.63%$1.052
2.13%$0.01602576
-2.06%$0.777407
-2.11%$0.00001288
2.22%$67.52
0.67%$1,617.31
-0.75%$3.61
-3.61%$0.63068
-3.55%$1,688.50
-0.83%$0.179317
-0.03%$1.00
0.02%$0.999862
-0.01%$3,480.47
1.75%$0.999952
0.00%$14.78
-1.17%$0.458566
-5.39%$8.47
-4.66%$1.00
0.01%$0.613678
-0.31%$3,482.53
1.66%$0.083551
-2.22%$605.83
0.40%$1,825.77
-0.89%$87,767.00
0.81%$88,282.00
1.29%$0.01590224
-2.28%$0.01423602
-4.96%$154.12
0.07%$2.34
3.42%$0.997812
-0.01%$0.273757
-3.33%$0.112911
5.29%$179.58
0.04%$0.723155
-1.85%$0.641669
-5.14%$0.1712
-0.31%$1,720.22
-0.84%$0.627415
-5.71%$0.998862
0.01%$3.42
-2.50%$0.00000061
-0.33%$88,552.00
0.97%$1.096
-0.99%$0.371912
-1.27%$29.12
-0.55%$1.94
-2.92%$0.00005875
-0.89%$0.01695694
-5.06%$0.298523
-3.76%$0.224598
-4.22%$1.71
1.41%$0.434476
-1.20%$3.31
0.74%$0.50678
-1.43%$0.00571418
3.95%$0.141388
-2.59%$1,693.76
-0.97%$0.534137
4.95%$15.25
0.32%$0.9983
0.01%$30.78
-4.16%$0.067258
-1.94%$0.00842406
12.05%$86,727.00
2.71%$0.999983
-0.02%$0.999982
-0.00%$0.415821
-1.29%$88,321.00
0.06%$0.584578
-3.24%$88,281.00
1.13%$1.60
-5.90%$1.24
0.34%$0.435184
-1.21%$0.466344
0.54%$0.00000043
0.80%$0.163238
1.07%$1.98
-8.82%$0.00002077
-0.62%$1,690.35
-1.06%$1.084
0.00%$0.998996
-0.17%$110.77
0.02%$88,209.00
1.34%$14.09
-2.77%$0.134794
-1.65%$1,618.64
-0.78%$5.49
-3.54%$0.216385
10.01%$0.575551
-1.24%$3.41
-2.42%$0.46097
-2.78%$0.071506
-1.57%$2.28
-3.49%$5.52
-2.14%$1,618.44
-0.86%$21.88
-1.36%$1.00
-0.05%$39.76
-3.30%$0.03712673
-2.72%$1.002
0.13%$1,617.45
-0.86%$1,617.90
-0.94%$0.999847
-0.02%$0.075813
-13.13%$1,724.19
-0.72%$0.03424925
-4.58%$0.170129
0.67%$0.00398583
8.30%$0.01725636
2.62%$0.0062926
-4.36%$0.528901
2.64%$0.00006024
-3.61%$0.782186
-0.42%$0.402339
-4.30%$0.278139
0.50%$0.999364
-0.06%$0.0051487
0.09%$0.999908
0.01%$0.11943
-4.41%$0.03136273
1.25%$0.124032
33.88%$0.707806
-1.45%$0.301757
20.60%$1,661.69
0.30%$1.00
0.11%$0.140138
-0.99%$0.304582
-0.49%$88,298.00
1.22%$0.9999
0.05%$2.48
-3.95%$25.09
3.16%$3.43
1.18%$105.48
-3.57%$0.00000133
4.98%$1.088
-1.81%$0.21959
-1.41%$87,800.00
1.92%$3,187.04
0.00%$0.000442
0.01%$0.579997
2.42%$2.75
0.01%$0.259136
-3.16%$1,602.41
-0.77%$20.78
-3.33%$0.558683
0.02%$0.03563806
-2.85%$0.17545
-2.38%$0.105488
-1.79%$0.483845
1.24%$1,618.92
-0.96%$1,775.64
1.33%$1,714.66
-0.70%$20.09
-2.23%$1.00
0.06%$0.415537
-1.08%$0.02781331
-0.61%$0.01188581
-0.93%$0.999817
-0.00%$0.00262028
5.01%$13.92
-1.32%$1.15
-0.36%$0.664932
-1.38%$0.223575
-13.54%$1.094
-0.11%$1.37
-1.73%$88,426.00
1.26%$2.10
-1.76%$0.999936
0.03%$0.923956
-0.99%$0.841067
-2.05%$2.65
2.20%Reading
The price of Bitcoin plunged to nearly $60,000 per coin on Tuesday afternoon, prompting liquidations for the positions of those betting on the price of the asset to go up.
CoinGlass data shows that in the past 24 hours, over $261 million in long positions for all cryptocurrencies have been liquidated. Including short positions, total liquidations stand at over $324 million.
In the past four hours alone, the figure stands at nearly $70 million—$24.4 million of which were positions in Bitcoin.
Currently, the price of Bitcoin sits at $60,309 per data from CoinGecko, though crypto exchange Coinbase shows that it dipped as low as $60,012 not long ago. Ethereum, meanwhile, is down to $2,985 as of this writing, down 6% over the past 24 hours. Bitcoin's daily dip stands at just under 4% as of this writing.
In the world of derivatives, long positions are held by traders who put cash on betting that the price of an asset will go up in the future.
Bitcoin in March hit a new all-time high of nearly $74,000, according to CoinGecko data. It's previous all-time high set in 2021 was $69,044.
Part of the reason for the rise in price was that new investors could get exposure to the asset via spot Bitcoin exchange-traded funds (ETFs), approved by the U.S. Securities and Exchange Commission in January.
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 tra...
But signs that the Federal Reserve will keep interest rates higher for longer, along with geopolitical turmoil in the Middle East, are scaring investors away from risk assets like cryptocurrencies.
The new spot Bitcoin ETFs are also not as hot as they were following their launch and investors have been cashing out of the vehicles, helping push the price of the biggest digital coin down further.
Edited by Andrew Hayward
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Coinbase has now overtaken two of the world's largest securities exchanges in terms of transaction revenue, according to a crypto analyst from the private bank Coutts. The crypto exchange generated $5.75 billion in transaction revenue over the past 12 months, compared to just $4.54 billion for the Nasdaq, where many of the world’s most valuable companies, including Apple, Google, and Microsoft, are traded. Coinbase also surpassed the Stock Exchange of Hong Kong, the HKEX, which generated $2.67 b...
After several extended reviews since June this year, the Securities and Exchange Commission (SEC) has finally approved the first spot exchange-traded funds combining Bitcoin and Ethereum. The agency has authorized Nasdaq to list the Hashdex Nasdaq Crypto Index US ETF and the Cboe BZX Exchange to list the Franklin Crypto Index ETF, according to a filing released Thursday. "The proportion of bitcoin and ether to be held by each Trust will be based on free-float market capitalizations," the filing...
Dogecoin (DOGE) fell 12.4% in the past 24 hours as a broader market decline continues, triggered by the Federal Reserve's latest economic outlook. The meme coin has dropped to $0.31, while trading volume surged 67% to $10.25 billion as holders repositioned their bags. It's now down 35% from its 2024 high of $0.47. Despite the pullback, Dogecoin's market capitalization remains at $46.6 billion, maintaining its position as the seventh-largest crypto. Powell's hawkish comments about higher-than-exp...
