in

More Than $600 Million REKT As Selloffs Hit Harder.

More Than $600 Million REKT As Selloffs Hit Harder.


With volatility in view, every surge or dump is met by reverse. This is amplified over the last 24 hours long accounts worth more than $600 million got liquidated. The total liquidations during this time amount to $859 million.

As the sellers’ congestion hit harder, crypto derivatives lose more participants. The past hours saw Bitcoin trading dip below $60,000 and as low as $58,000. Other cryptos follow suit as more traders profit from the market bring to lows they have exceeded and haven’t tested in days.

Previous analysis warned that BNB will face retracement. The 50-day Moving Average (MA), as well as the 200-day, are closing the gap between them and the predicted death cross may take place. The Moving Average Convergence Divergence (MACD) also had a bearish cross hinting at more bearish actions. Binance coin dipped as low as $435 when the correction hit.

The total worth of the crypto industry decreased during this time hitting a low of $2.4 trillion.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

Cardano ($ADA) Founder Charles Hoskinson Signs MOU With Government of Brundi

Cardano ($ADA) Founder Charles Hoskinson Signs MOU With Government of Brundi

Federated E-Cash Can Act as Bitcoin Scaling Solution

Federated E-Cash Can Act as Bitcoin Scaling Solution