Currencies29169
Market Cap$ 2.49T-2.36%
24h Spot Volume$ 34.30B+51.4%
DominanceBTC51.61%+0.24%ETH16.88%-0.08%
ETH Gas11 Gwei
Cryptorank
MainNewsWill BTC, ET...

Will BTC, ETH Price Boom Come to an End? Price Analysis


May, 26, 2024
< 1 min read
by CoinEdition
Will BTC, ETH Price Boom Come to an End? Price Analysis
  • BTC and ETH liquidations summed up to $16.14 million in the last 24 hours.
  • The shorter and longer EMA were almost at the same spot, indicating possible BTC consolidation.
  • ETH’s momentum decreased, suggesting that the price might fall to $3,437.

The prices of Bitcoin (BTC) and Ethereum (ETH) ended the just-ended week on a positive note. As a result, the last 24 hours were tough for traders who leaned toward bearish sentiment and bet on their conviction.

According to derivatives information portal Coinglass, over $62 million was liquidated on May 25. Out of this ETH positions were valued at $8.58 million. BTC contracts wiped out, on the other hand, were worth $7.56 million.

For those unfamiliar, liquidation occurs when a trader is unable to meet the requirements to keep a position open, leading an exchange to forcefully close the contract. This could be due to insufficient margin balance or a wrong prediction accompanied by high leverage of volatility. 

Crypto Market Liquidation (Source: Coinglass)
Crypto Market Liquidation (Source: Coinglass)

At press time, BTC’s price was $69,085 while ETH changed hands at $3,803. A few weeks back, the …

The post Will BTC, ETH Price Boom Come to an End? Price Analysis appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Michael Saylor: Bitcoin’s Dip is an Opportunity, Not a Setback

Michael Saylor: Bitcoin’s Dip is an Opportunity, Not a Setback

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< 1 min read
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MainNewsWill BTC, ET...

Will BTC, ETH Price Boom Come to an End? Price Analysis


May, 26, 2024
< 1 min read
by CoinEdition
Will BTC, ETH Price Boom Come to an End? Price Analysis
  • BTC and ETH liquidations summed up to $16.14 million in the last 24 hours.
  • The shorter and longer EMA were almost at the same spot, indicating possible BTC consolidation.
  • ETH’s momentum decreased, suggesting that the price might fall to $3,437.

The prices of Bitcoin (BTC) and Ethereum (ETH) ended the just-ended week on a positive note. As a result, the last 24 hours were tough for traders who leaned toward bearish sentiment and bet on their conviction.

According to derivatives information portal Coinglass, over $62 million was liquidated on May 25. Out of this ETH positions were valued at $8.58 million. BTC contracts wiped out, on the other hand, were worth $7.56 million.

For those unfamiliar, liquidation occurs when a trader is unable to meet the requirements to keep a position open, leading an exchange to forcefully close the contract. This could be due to insufficient margin balance or a wrong prediction accompanied by high leverage of volatility. 

Crypto Market Liquidation (Source: Coinglass)
Crypto Market Liquidation (Source: Coinglass)

At press time, BTC’s price was $69,085 while ETH changed hands at $3,803. A few weeks back, the …

The post Will BTC, ETH Price Boom Come to an End? Price Analysis appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Michael Saylor: Bitcoin’s Dip is an Opportunity, Not a Setback

Michael Saylor: Bitcoin’s Dip is an Opportunity, Not a Setback

MicroStrategy co-founder and Bitcoin advocate Michael Saylor addressed the recent dip...
Jun, 17, 2024
< 1 min read
by CoinEdition
Xai: The Layer-3 Network Behind Ethereum’s Transaction Speed Record

Xai: The Layer-3 Network Behind Ethereum’s Transaction Speed Record

Ethereum’s transaction processing capacity has reached a record high, fueled by the e...
Jun, 17, 2024
< 1 min read
by CoinEdition