Article: Crypto Liquidations Top $2.4 Billion in 24 Hours

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Crypto Liquidations Top $2.4 Billion in 24 Hours

Martin Young, 17 May 2021

According to data from ByBit, there has been $2.38 billion in total liquidations over the past 24 hours. Over half of that total, or $1.26 billion, has been from bitcoin positions as the asset has continued its free fall.

The largest day for Bitcoin long position liquidations was on April 17, 2021, a few days after its all-time high when over $9 billion disappeared. April 22 and May 12 also saw large Bitcoin liquidation figures according to derivatives exchanges.

Datamish has revealed that $34 million in longs have been liquidated on BitMEX over the past 24 hours and 417 BTC was liquidated on Bitfinex. Continue reading “Article: Crypto Liquidations Top $2.4 Billion in 24 Hours”

Article: XRP Pumped To $1, Ignoring SEC Lawsuit

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XRP Pumped To $1, Ignoring SEC Lawsuit

Dana Sanchez, 07 April 2021

XRP, the currency that runs on the digital payment platform RippleNet, hit $1 on Tuesday morning EDT, becoming the fourth highest-valued cryptocurrency with a $45.5 billion market cap despite being sued by the U.S. agency that works against market manipulation.

After rising as high as $1.12, XRP was trading at $0.96 as of this writing, with a $43.567 billion market cap — still ranked at No. 4 by CoinMarketCap, before slipping down to fifth place after Tether. Continue reading “Article: XRP Pumped To $1, Ignoring SEC Lawsuit”

Article: RIPPLE’S XRP BLASTS PAST SEC LAWSUIT FEARS TO HIT THREE-YEAR HIGH

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RIPPLE’S XRP BLASTS PAST SEC LAWSUIT FEARS TO HIT THREE-YEAR HIGH

YASHU GOLA, 06 April 2021

XRP bulls are back!

The Ripple blockchain’s native token, which got embroiled in a legal controversy with the US Securities and Exchange Commission over its alleged securities status — and which led to the delisting of its highly traded financial instruments across many US-based crypto exchanges, reached its highest levels in three years this week.

XRP’s price against the US dollar hit $0.948 on Tuesday, up 66.15 percent into April 2021. The token’s major upside move surfaced partly due to a rally across the cryptocurrency market and else due to anticipations that it would walk through the SEC lawsuit unharmed. Continue reading “Article: RIPPLE’S XRP BLASTS PAST SEC LAWSUIT FEARS TO HIT THREE-YEAR HIGH”