XRP, SHIB, Bitcoin take center stage in 24 hours amid $455 million crypto massacre
The cryptocurrency market has experienced a significant downturn in the past 24 hours, with liquidations totaling nearly half a billion dollars, according to data from Analysis indicates that over 60% of long positions on the crypto market were liquidated following an 8% decline, equating to more than $263 billion, according to the TOTAL index. Consequently, the overall capitalization of the cryptocurrency market, inclusive of major assets like and Shiba Inu .
Interestingly, however, the ratio of long and short positions with Bitcoin liquidated is not very high - 54.5% versus 45.5% - which rather indicates how the price action of Bitcoin managed to deceive both sellers and buyers who did not get into the timing and apparently made overly emotional decisions. - there are fewer liquidations, but the ratio of longs to shorts is more interesting. Thus, according to the data, XRP liquidations of purchases are 3.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Latin American Blockchain Platform Patex Seals a Cooperation with Iconic Brazilian Footballer Roberto Carlos
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
XRP price gains 17% weekly, Ripple CEO addresses whether XRP is the next BitcoinXRP price corrected after hitting its year-to-date peak of $0.7440.
Read more »
SHIB Founder Ryoshi's Crucial 'Burn Message' Shared by Shiba Inu TeamMember of SHIB team has reminded SHIB community about important message left for them by Ryoshi
Read more »
XRP Epic Milestone Sees 59.8 Billion XRP Spread Among 5 Million HoldersXRP resilience demonstrated as massive 59.8 billion XRP are held by over five million accounts
Read more »
Shiba Inu Burn Rate Soars 15,608% as SHIB Team Torches SHIB, BONE, LEASHShiba Inu's epic week adds first-ever LEASH burn, massive SHIB and BONE burns
Read more »
Millions of XRP Suddenly Exit Major Exchange as XRP Price Goes UpMillions of XRP suddenly leave Binance amid XRP price surge
Read more »
Mysterious 300 Million XRP Move From Binance Sparks SpeculationMassive 300 million XRP transfer only cost fee of 0.00001 XRP
Read more »