In the past 24 hours, 135,694 traders were liquidated, the total liquidations comes in at $413.07 million.
The largest single liquidation order happened on Binance - $XAG value $3.30M. https://t.co/8dY9tersQo
In the past 24 hours, 135,694 traders were liquidated, the total liquidations comes in at $413.07 million.
The largest single liquidation order happened on Binance - $XAG value $3.30M. https://t.co/8dY9tersQo
【Breaking News⚡】
🇺🇸Delaware and 🇺🇸New Jersey are pushing bills to ban crypto ATMs over fraud concerns.
- 🇺🇸Indiana, 🇺🇸Tennessee, and 🇺🇸Minnesota are also tightening regulations on kiosk terminals. $ATM #規制 #詐欺
https://t.co/Hb2h1sRn4h
🇺🇸 NEW: Delaware and New Jersey advance bills to ban crypto ATMs over scam concerns, joining Indiana, Tennessee, and Minnesota in cracking down on the kiosks. https://t.co/dzNzu4SBaa
What's the worst-case Bitcoin bottom if the 4-year cycle actually plays out?
Matt Hougan says a 70-75% drawdown from all-time highs puts you in the mid-$30k's.
"You have to admit that's something that is possible."
He thinks we won't get there - institutional capital and slower actors have reduced the risk. But...
"Somewhere around 50 is where many of the people who have been calling for this bear market think it ends."
"I suspect we'll be much higher in a year, but I don't know where the bottom is."
FT @Matt_Hougan @LGDoucet.
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.