Bitcoin Bulls Burned as $100M in Longs Liquidated
Over $100 million in Bitcoin long positions have been liquidated as the cryptocurrency’s price fell from $70,000 to around $67,000 during Friday’s Asian trading hours, before recovering to $68,500.
Over $100 million in Bitcoin long positions have been liquidated as the cryptocurrency’s price fell from $70,000 to around $67,000 during Friday’s Asian trading hours, before recovering to $68,500.
Bitcoin (BTC) has achieved a remarkable milestone by surpassing the market capitalization of silver, following its recent surge to a new all-time high (ATH) above $72,000. This feat highlights Bitcoin’s growing dominance and solidifies its position among the world’s most valuable assets.
MicroStrategy executive chairman Michael Saylor predicted that Bitcoin would surpass gold as a store of value in the coming months, stating that Bitcoin is a far superior asset with none of gold’s defects. Saylor cited Bitcoin’s digital transferability, constant availability for trading and spending, and advantages over traditional assets like stocks and real estate.
Bling Financial’s free-to-play Bitcoin Sudoku game on iOS and Android allows players to earn Bitcoin or Ethereum by solving sudoku puzzles, providing a chill way to stack satoshis while enjoying a classic puzzle game.
Bitcoin’s recent surge to new all-time highs is creating a fresh wave of crypto millionaires, with around 1,500 wallets joining the seven-figure club each day.
This article analyzes the current technical setup of three major cryptocurrencies: XRP’s consolidation around its moving averages, Ethereum’s approach towards the $4,000 resistance level, and Bitcoin’s struggle to breach the $70,000 mark.
BlackRock’s Bitcoin exchange-traded fund (ETF), IBIT, has reached a significant milestone by amassing over $1 billion in assets under management. This achievement highlights the increasing interest and adoption of digital assets within traditional investment circles.
A new report by Arkham Intelligence has uncovered that Elon Musk’s companies, Tesla and SpaceX, collectively hold around $1.3 billion worth of Bitcoin, significantly more than previously estimated.
According to Anthony Pompliano, the founder of Pomp Investments, Bitcoin (BTC) could double in price to $138,000 within the next few weeks, following a years-long bull trend and the asset’s recent break of its previous all-time high of $69,000.
Crypto miner Hut 8 is closing its Bitcoin mining site in Drumheller, Alberta due to elevated power prices and voltage problems despite the facility accounting for just 1.4% of its total hash rate.