Bitcoin (BTC) Short Squeeze; Latest Rally Erases $140 Million Shorts
Bitcoin’s recent bullish rally took BTC to 2o22 highs, caught many traders off guard as they were expecting a drop. As of Monday, approximately $140 million worth of Bitcoin short positions have been liquidated in the previous 12 hours, according to data. Short positions in the cryptocurrency market surged over the weekend, with traders likely anticipating a […]
LUNA Foundation Now Owns Over $1.3 Billion Worth Of Bitcoin
Terra Foundation has added another 2,830 Bitcoin (approximately $133.5) to its wallet in a bid to accumulate $10 billion worth of Bitcoin (BTC). OKLink has identified the foundation’s BTC wallet address, according to WU Blockchain , which now holds approximately $1.3 billion in Bitcoin. The entire amount in the account is now 27,784.96 BTC. The […]
Russia’s Energy Minister Asks For Legalization of Crypto Mining
Russian energy minister has stated that the regulatory uncertainties surrounding crypto mining in Russia need to be resolved as soon as possible. Evgeny Grabchak, the Deputy Minister of Energy, has urged the government to legalize space, citing the country’s severe economic situation. Grabchak’s comments follow the imposition of some of the strictest economic sanctions against Russia […]
Coinbase Is Reportedly closing Deal to Acquire Brazil’s Crypto Unicorn 2TM
Coinbase is likely to purchase 2TM, one of Brazil’s largest crypto startups according to a story published on Sunday, March 27. According to reports, 2TM is a Brazilian holding company controlling Mercado Bitcoin, Latin America’s largest crypto brokerage, by the end of April 2022. This would be part of Coinbase’s effort to extend its footprint in […]
Bitcoin (BTC) Make For a Major Breakout to $47,000; Is Its 200 DMA Coming Soon?
The world’s largest cryptocurrency surged another 5% on Sunday eve moving beyond $47,000 for the first time in three months. BTC is currently trading 4.93 percent higher at $47,943 with an $891 billion market value as of press time. Bitcoin has made a major break above the $45,925 resistance level with its most recent move. […]