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CATEGORY: spot exchanges

Bitcoin Rallies Post-Fed Rate Announcement, Shorts Worth $151.69M Liquidated
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 21, 2024 05:50

Bitcoin Rallies Post-Fed Rate Announcement, Shorts Worth $151.69M Liquidated

The valuation of bitcoin (BTC) tapped the $68,000 mark merely 17 hours following its dip to $60,760 per unit. Following the latest Federal Open Market Committee (FOMC) session, the entire crypto market has seen a 5.9% upturn, with bitcoin rising 6.8% versus the U.S. dollar. Crypto Market Liquidations Reach $444 Million as Long and Short [...]

The post Bitcoin Rallies Post-Fed Rate Announcement, Shorts Worth $151.69M Liquidated appeared first on Crypto Breaking News.

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Bitcoin miners hedging with recent sell-offs: Bitfinex report
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 19, 2023 02:10

Bitcoin miners hedging with recent sell-offs: Bitfinex report

Bitcoin (BTC) mining companies are employing derisking strategies by offloading BTC to exchanges, according to a market report from Bitfinex. The cryptocurrency trading platform’s latest newsletter addresses the Bitcoin mining sector at length, highlighting a recent surge in miners selling large volumes of BTC to exchanges. This has led to a corresponding increase in the [...]

The post Bitcoin miners hedging with recent sell-offs: Bitfinex report appeared first on Crypto Breaking News.

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