Tags : dumps

Regulation

BTC dumps after Agricultural Bank of China issues, deletes, and

The Agricultural Bank of China (ABC) published a Bitcoin (BTC) ban announcement, restating its services must not be used for cryptocurrency-related transactions and activities, only to delete it within minutes, pause for a few hours, and then publish the ban all over again. ABC is one of the “Big Four” banks in the country, state-controlled […]Read More

Bitcoin

Bitcoin dumps 9% even as Central American leaders endorse the

Bitcoin dropped 9% on Tuesday morning even as Central American leaders switched to ‘laser eyes’ this week, data from multiple sources shows. The sentiment is arguably bearish, as the dumps come off the back of nation-states moving to adopt the asset and analytics provider MicroStrategy announcing a $400 million private note round to acquire even […]Read More

Bitcoin

Bitcoin dumps to $30,000 with $8 billion in crypto liquidations

Bitcoin fell to under $33,000 on some exchanges, reaching levels last seen in February this year. Millions gone ‘Liquidations’ occur when traders borrow excess capital from brokerages/exchanges (i.e., ‘margin’ or trading futures) to place bigger bets on the assets they trade.  They pay a fixed fee for doing so, while exchanges close out these positions […]Read More

Bitcoin

Bitcoin dumps to $38,500, $2 billion in crypto liquidations as

Crypto markets took a hit Tuesday as $2 billion was lost to ‘liquidations,’ data from multiple sources shows. Bitcoin fell to under $38,500 on some exchanges, reaching levels last seen in February this year. Millions gone ‘Liquidations’ occur when traders borrow excess capital from brokerages/exchanges (i.e., ‘margin’ or trading futures) to place bigger bets on […]Read More