According to the report, the liquidation cascade was primarily triggered by overcrowded leveraged short positions. As Ethereum began its valiant recovery from recent lows, traders who entered short positions too late found themselves in a rather uncomfortable position. 🤦♂️
Key Highlights GameStop decided $2.25 billion in convertible notes was burning a hole in their collective pocket, and rumor has it, some of that pile might wander off into Bitcoin. I reckon if Bitcoin starts throwing out “power to the players” coupons, we’ll know where it came from. 💸 Cipher Mining snuck 111 more BTC … Read more
According to the ever-reliable sages at CryptoSlam, this marks the most significant weekly gain in recent memory for this peculiar sector. It seems the masses have awakened from their slumber, driven by the intoxicating scent of profit and the allure of digital art that one cannot even hang on a wall.
This bullish sentiment is overshadowed by larger bearish signals looming over the asset, as a whale’s recent massive CEX deposit hints at potential downside, coupled with a more than 40% drop in the trading volume. 🐳💰
But wait, there’s more! The Ethereum Foundation, being the knight in shining armor it is, has promised to match an additional $750,000 in donations from the lovely crypto community. How kind! They took to the X platform (what a wonderful way to communicate these days!) to announce this generous offer. Here’s what they said:
But don’t count DOGE out just yet 🙅♂️. A sharp shift in BBTrend and improving momentum metrics suggest traders are watching closely for a potential breakout attempt 🔍. It’s like the old saying goes: “when life gives you lemons, make lemonade. And then buy DOGE 🍋.”
Chaos swirls in the world outside; banks stammer, stocks tremble. But Bitcoin, that obstinate orphan of modern finance, stands—propped up by the icy grip of long-term holders. AMBCrypto, with the diligence of a Soviet office clerk, wonders: how long can these tired hands cling to hope?
Guess what? XRP has gained a whopping 1.13% today. Wow, hold the phone! It’s like finding a penny on the street and thinking you’re rich. 💰
It seems our beloved banking giants have been caught with their pants down, disclosing data breaches that have left some customers’ accounts and personal information at risk. 💳🔒
Ethereum, that most mercurial of cryptocurrencies, has deigned to grant us a meager 0.12% increase in its rate over the past day. One can almost hear the champagne corks popping in celebration… or not.