BTC Long Squeeze: $385 Million Positions Liquidated As Bitcoin Drops
Bitcoin’s (BTC) recent drop appeared to have caught investors hoping that the cryptocurrency would find a bottom off guard. Long position liquidations reached their highest level since late January, as BTC extended its losses. BTC dropped below $40,000 for the first time since mid-March, following signs from the US government that inflation is expected to […]
Philippine Digital Payments Unicorn Broaden Its Crypto Services
Voyager Innovations, owner of Philippines ‘ largest digital payments app, announced on Tuesday after $210 million in funding that it had achieved unicorn status. The new capital will be used to broaden the company’s crypto services according to the company. Voyager, which operates the popular payments app PayMaya said the latest funding round was led […]
Brace for Crypto Market Volatility As The U.S Prepares to Release Its Highest Inflation Numbers
The crypto market has been under serious pressure after a strong show in March and early April! As inflation number rises and the Fed prepares to tighten market liquidity with interest rate hikes, investors are eager to shift their funds to risk-averse assets. The crypto market has eroded a staggering $170 billion in investors’ wealth […]
China Takes Action Against Illegal Bitcoin Miners, Seizes Over 3500 Rigs
China is well-known for being very firm against the use of bitcoin and cryptocurrency mining. The country, which was once a Bitcoin mining powerhouse, is now cracking down on the cryptocurrency by confiscating equipment and hiking electricity bills. Last year, the country announced a complete ban on cryptocurrency mining, citing environmental concerns. Multiple provinces of […]
This Historic Event Is Dipping Bitcoin’s (BTC) Price, What’s Next?
Bitcoin’s (BTC) recent losses saw it fail a crucial test, where it was supposed to stabilize above $50k before the mid-halving correction event on April 11. The token failed to pass a crucial $50,000 resistance level despite surging above the $48k level earlier this month. If the token had strengthened, the cycle of price weakness […]