Ah, the bull party that kicked off with all the fanfare of a grand soirée has fizzled out quicker than a cheap firework! Bitcoin and its merry band of altcoins have decided to play a game of hide and seek with their gains, and it appears they’ve hidden rather well.
In a turn of events that would make even the most seasoned gambler clutch their pearls, a veritable tidal wave of liquidations has swept through the trading floor, catching over 180,000 traders with their trousers down. The pièce de résistance? A single order on BitMEX worth a staggering $10 million—talk about a wallet that’s taken a hit! 💰
It’s been a 24-hour rollercoaster in the cryptocurrency circus! After a brief intermission of calm—lasting a whole two days, mind you—the market, led by the dashing trio of XRP, SOL, and ADA, soared to dizzying heights following some rather optimistic news from none other than President Trump.
In a move that could only be described as audacious, Trump announced plans for a national crypto strategic reserve, naming our trio of heroes to be included. This announcement sent prices rocketing up to 60% faster than you can say “bull market!”
He later threw BTC and ETH into the mix, which sent their valuations soaring as well. Bitcoin, that cheeky little rascal, jumped from $85,000 to a weekly high of $95,000, while ETH flirted with the $2,500 mark. But alas, the market had other plans!
Just when you thought it was safe to go back in the water, BTC, which was basking near $94,000, was sent tumbling downwards by nearly seven grand in mere minutes, landing at a rather dismal $87,000. Talk about a dramatic fall from grace! 📉
Interestingly, this plummet came just hours after analysts had the audacity to suggest that the surge past $90,000 might have been a mere mirage. Who could have seen that coming? 🙄
ETH is now down by 11% and is struggling to keep its head above the $2,200 mark, while XRP, SOL, ADA, DOGE, and their friends are all nursing double-digit losses. It’s a veritable bloodbath out there!
This delightful volatility has wreaked havoc on over-leveraged traders, with more than 180,000 of them getting their proverbial clocks cleaned daily. The total value of liquidations has soared to over $630 million—enough to make even the most stoic investor weep.
Moreover, a staggering $146 million out of the $155 million liquidated in the past hour alone came from short positions, according to the ever-reliable CoinGlass. It seems the shorts are having a particularly bad hair day!
Read More
- Lucky Offense Tier List & Reroll Guide
- Indonesian Horror Smash ‘Pabrik Gula’ Haunts Local Box Office With $7 Million Haul Ahead of U.S. Release
- Best Crosshair Codes for Fragpunk
- Ultimate AI Limit Beginner’s Guide [Best Stats, Gear, Weapons & More]
- League of Legends: The Spirit Blossom 2025 Splash Arts Unearthed and Unplugged!
- ‘Severance’ Renewed for Season 3 at Apple TV+
- Unlock All Avinoleum Treasure Spots in Wuthering Waves!
- How To Find And Solve Every Overflowing Palette Puzzle In Avinoleum Of WuWa
- Ultimate Half Sword Beginners Guide
- Skull and Bones Year 2 Showcase: Get Ready for Big Ships and Land Combat!
2025-03-03 22:21