Rising dramatically in price, Bitcoin touched $31K and $100 million of shorts we liquidated
A large number of short risky positions were liquidated when Bitcoin rose to $30,950
Bitcoin rose and touched $31K and left many of the traders in awe as they had bet on a bearish pullback.
Further data from other sources have confirmed BTC’s peak at $30,960 on the second day of January 2021.
TC/USD 1-minute candle chart. Source: TradingView
Followed by a bullish charge that raised BTC levels more while press-time levels were struggling to reach 31K. Not all the traders felt the same. Some were cheering and celebrating while others were gloomy.
A tweet from a bot that tracked liquidated trades on BitMEX derivative said “I'm shocked, shocked to find that gambling is going on in here!”. The tweet states that the shorters had incurred $10m of loss.
The altcoins saw rises in their values as well. Dodgecoin rose by 42% while ETH, the second most well-known currency, dropped below $750.
Visa partners will be able to settle fiat transactions with crypto
USDC can be exchanged over the payment network to pay for the transactions made in fiat by Visa partners. ...
MAR 29, 2021
Clean energy Bitcoin mining pool with Argo Blockchain
Argo has teamed up with DMG blockchain and a new Bitcoin mining pool will be up and running which is powered by hydroelectric energy. ...
MAR 26, 2021
layer-two scaling is the solution offered by Double jump.tokyo for NFTs
Gods Unchained will have its alpha release launched this month which will be available to double jump.tokyo (DJT) and multiple other developers. ...
MAR 25, 2021
Vitalik Butrin criticizes how NFT is being used to makes celebrities richer
Mr. Butrin is of the idea that helping people like Elon Musk to make a profit through NFT (Non-fungible tokens) market is not using it in a proper way, yet he t ...
MAR 24, 2021