Bitcoin Price Jumps Nearly 10%; Looks To Regain $30K

Also Read: Pepe Coin Gets Huobi Backing; PEPE Price To Skyrocket?

advertisement

Bitcoin Seeks To Breach $30K

Bitcoin price jumped by more than 9% looking to regain the crucial $30K price level. BTC is trading at an average price of $29,879, at the press time. Its 24 hour trading volume is up by 58% to stand at $24.7 billion. BTC dominance increased by around 0.86% over the past day to stand at 46.87%.

Coinglass reported that more than 39K traders have been liquidated in the last 24 hours. Around $145 million of funds have been liquidated. The single largest liquidation order happened to be registered on Bybit of BTC/USD value of $2.20 million.

Bitcoin Campaign

The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT.

Trending Stories
XRP Price Prediction
XRP Price Prediction: XRP Price Coiling Up Before a Massive Move; Enter Now?
24/7 Cryptocurrency News
Ethereum (ETH) Withdrawn After Shanghai (Shapella) Upgrade: Details
ETH Price Prediction: New Recovery Cycle in Ethereum Price Hints a 10% Rally Ahead
24/7 Cryptocurrency News
pepe coin crypto news
PEPE Price Prediction: This Chart Pattern may Determine if PEPE Token Price will Rally 70% or Fall 40%
24/7 Cryptocurrency News
bitcoin news crypto
Bitcoin Price Reversal from a Healthy Retracement Level Hints 6% Jump; Enter Today?
24/7 Cryptocurrency News
Cardano Price Prediction
ADA Price Prediction: Healthy Retracement to Key Fibonacci Level Prepares Cardano Price for 16% Rally
24/7 Cryptocurrency News
Signup Ad

Data depicts that $123 million of shorts (84%) were liquidated, while $22.9 million on longs were liquidated. This indicates that traders were bidding for the crypto market to decline further.

Also Read: Coinbase (COIN) Price Shoots Pre-Market Amid Uncertain Regulatory Battle

As per the data, over $60 million of Bitcoin Shorts (87%) were liquidated, while just $8.39 million longs were liquidated. This indicates that traders were hoping for Bitcoin price to drop ahead as BTC was trading under increased selling pressure.

Bitcoin News Price

Comments

Post a Comment

Popular posts from this blog

How Ethereum Price Could Race to $3K Bolstered by Accelerated Staking Post-Shapella Upgrade

Image
As the price wobbles at $1,865 and traders usher in the European session, Ethereum price is facing two conflicting scenarios. advertisement Reclaiming resistance above $1,900 could clear the path to $2,000. On the flip side, losing support at the 100-day Exponential Moving Average (EMA), which is grounded at $1,800, might leave ETH vulnerable to declines targeting lower likes such as $1,730 and $1,600. Ethereum Staking Accelerates Post-Shapella Upgrade According to blockchain research platform Messari, Ethereum staking has been improving since the Shapella upgrade, which occurred in April. Before this network update that allowed investors to freely stake and unstake Ether, “staking growth was slow and perceived as riskier.” However, market conditions changed and improved drastically following the implementation of the Shapella upgrade. Users now have the freedom to “comfortably stake and unstake ETH,” thus accelerating the rate of stakin...
Read more

Avalanche (AVAX) Price Prediction: Will AVAX reach $30 in 2023?

Image
Avalanche Blockchain is a layer one blockchain and is considered one of the most cost-effective and eco-friendly blockchains in the crypto and blockchain industry. AVAX is the native token of the Avalanche blockchain. AVAX can be used as a utility token within the Avalanche ecosystem. As one of the top-rated altcoins, AVAX investors are still bullish on the token. Moreover, AVAX hodlers and stakers could receive gains and rewards over time. If you are interested in the future of Avalanche (AVAX) and would want to know the price analysis and price prediction of AVAX for 2023, 2024, 2025, 2026, and up to 2050, keep reading this CoinEdition article. Avalanche(AVAX) Market Overview Name Avalanche Symbol avax Rank #17 Price $17.63 Price Change (1h) -0.24773 % Price Change (24h) 0.37996 % Price Change (7d) -0.50464 % Market Cap $5753575560 All Time High $144.96 All Time Low $2.8 Circulating Supply 326136844.689 avax Total Supply 422199472.502 avax What is Avalanche (A...
Read more

Bitcoin 'not undervalued yet' says research as BTC price drifts nearer $16K

Image
An indicator tracking transactions in profit and loss is yet to repeat its traditional bear market bottom sequence, says CryptoQuant. Bitcoin (BTC) may not be good value enough for a macro price bottom, according to Analysis from CryptoQuant. In a blog post on Dec. 29, a contributor to the on-chain analytics platform flagged one BTC price indicator with further to fall. Profitability indicator lacks key cross At nearly 80% below all-time highs, BTC/USD is nearing the zone in which it bottomed during previous bear markets. As CryptoQuant's MAC_D notes, there is no shortage of instruments pointing to the 2022 bear market bottom already forming. Despite this, however, the signs are not yet unanimous, and pointing to transactions in profit and loss, he warns that cheaper BTC prices may still enter. CryptoQuant's unspent transaction outputs (UTXOs) in profit and loss indicator currently shows around 30% of transactions performed at a loss.  "When the UTXOs in Profit and Los...
Read more