$25M in DeFi Loans Liquidated as Ether Price Falls
The three-month high liquidation volume comes as Ethereum fees in dollar terms set a new record mark of $29 per basic transaction.
The three-month high liquidation volume comes as Ethereum fees in dollar terms set a new record mark of $29 per basic transaction.
The news flow still looks bullish on bitcoin, but the market appears to have gone too far, too fast.
Analysts are mixed on how low bitcoin might go if a bigger pullback is seen.
The firm said it has now reached its internal product limit for exposure to cryptocurrencies after an FCA ban on crypto derivatives in January.
With liquidity falling in the bitcoin market, smaller trades can have a relatively large price impact.
This week’s congressional hearings, as well as the appearance of new institutional onramps, point to growing investor interest in a new type of capital market.
For all of 2020, bitcoin rose 305%.
"The best reason to focus on bitcoin’s rise is what it tells us about the risks that may be bubbling up amid the Federal Reserve’s commitment to zero interest rates," the Post said.
Less than two months into 2021, the price of bitcoin has risen 95.4%.
Ether hit a new record of $2,017.01, before settling back to $2009.59, up 5.44% in the last 24 hours with the market capitalization of the crypto hitting $230.7 billion.
There are still several psychological barriers for bitcoin to break, even as it passed a key milestone of $1 trillion in market capitalization.
The price could go higher, unless traders start taking profits.
A year ago, bitcoin's market value was $178 billion.
Cryptocurrency exchange Binance's in-house BNB tokens have shot to a $40 billion valuation, ranking them third among digital assets behind bitcoin and Ethereum's ether.
"If any issues arise that could affect the willingness or ability of both domestic and foreign investors to use USDT, the most likely result would be a severe liquidity shock to the broader cryptocurrency market," the report says.
The Kiss bassist and frontman says he believes in Cardano because of its affordability compared with other cryptocurrencies.
The price of the leading cryptocurrency hit a new all-time high just shy of $53,000.
The exchange's native token is up 45% and trading around $265.
Bitcoin and ether continue to rise, but that could create problems for overheated derivatives markets.
Binance's BNB token is up 13% and into the top five cryptocurrencies by market cap as DeFi on Binance Smart Chain grows in popularity.
Bitcoin's market is over-leveraged now as the cryptocurrency continues its run higher.
Nvidia is also launching Cryptocurrency Mining Processors (CMP) specifically for Ethereum miners.
The $8.7 trillion-asset BlackRock is "dabbling" in cryptocurrencies – becoming the norm as bitcoin and ether rally to all-time high prices.
Gundlach has previously said, "I don't believe in bitcoin."
Ether's derivative market looks overheating amid the cryptocurrency's rally to new record highs.
Bitcoin's price is in uncharted territory while its volatility remains high.
The new venture is expected to increase revenue and "optimize" its product offering structure.
Institutions are interested in DeFi for off-chain assets, such as real estate. Here, from our columnist, are some issues they might consider.
Markets think the latest bull run will continue.
Analysts are still mostly bullish on the cryptocurrency's price, even at lofty levels compared with those just a few months ago.