Crypto news

2024 - 7 - 5

Crypto Chaos: Bitcoin Plummets, Liquidations Soar, and Markets Bleed

Bitcoin - Bitcoin Price - Crypto Market - Cryptocurrency - Market Turmoil

Get ready for a rollercoaster ride in the crypto world with Bitcoin's shocking drop and massive liquidations. Find out how the market is reacting to the latest news!

The crypto world is in turmoil as Bitcoin plunges below $54K, sending shockwaves through the market. The Bahamas, despite FTX's collapse, is actively engaging with numerous crypto firms, attracting attention after Sam Bankman-Fried's involvement. Traders are on edge as $580 million in liquidations occur following Bitcoin's 8% drop, fueled by concerns over Mt. Gox's repayments causing a bearish market reaction.

Crypto enthusiasts witnessed a terrifying sell-off as the market cap dipped below $2 trillion, leading to an 8% decline. Altcoins suffered double-digit losses, signaling a tumultuous period for the entire industry. The fear intensified as Bitcoin faced another potential earthquake with a crucial $9 billion event looming after the $2 trillion Ethereum, XRP, and Solana wipeout.

BTC's price drop to $58,000 brought more anxiety, fueled by rumors of the German government considering selling billions worth of Bitcoin. The carnage continued with the highest level of liquidations seen since the FTX collapse, leaving bullish investors at a severe loss.

As the market bleeds red, Bitcoin's value remains under intense scrutiny, hinting at a prolonged crisis. The volatility persists, keeping traders and investors on edge as they navigate through uncertain waters. Despite the chaos, the crypto community remains resilient, bracing for what lies ahead in this rollercoaster ride of highs and lows.

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Image courtesy of "Financial News"

Bahamas in talks with 'over a dozen' crypto firms despite FTX collapse (Financial News)

Applications to the island are rebounding after Sam Bankman-Fried made the country infamous in the digital asset world.

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Image courtesy of "Coindesk"

Crypto Bulls Rack up $580M Liquidations as Bitcoin Drops 8 ... (Coindesk)

Traders previously warned of the bearish market reaction to Mt. Gox's bitcoin repayments.

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Image courtesy of "Cointelegraph"

Bitcoin drops below $54K as crypto liquidations near $665M (Cointelegraph)

The price of Bitcoin hit a four-month low, while other cryptocurrencies also dipped into the red, causing $664 million in liquidations.

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Image courtesy of "FXStreet"

Terrifying crypto sell-off (FXStreet)

The crypto market cap has fallen back below $2 trillion, accelerating its decline and losing over 8%, while many altcoins have suffered double-digit losses ...

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Image courtesy of "Forbes"

Crashing Under $50000? Bitcoin Is Suddenly Braced For Another ... (Forbes)

Crashing Under $50,000? Bitcoin Is Suddenly Braced For Another 'Crucial' $9 Billion Earthquake After $2 Trillion Ethereum, XRP, Solana And Crypto Price Wipe Out.

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Image courtesy of "The Defiant"

Crypto Markets Bleed Amid Massive Liquidations (The Defiant)

BTC dropped to $58000 on fears that the German government is looking to sell billions worth of Bitcoin.

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Image courtesy of "U.Today"

Crypto Carnage: Liquidations Reach Highest Level Since FTX ... (U.Today)

Those who made bullish bets on Bitcoin, Ethereum, and other cryptocurrencies have taken a severe beating.

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Image courtesy of "The Cryptonomist"

Crypto Market in red: the price of Bitcoin takes another hard hit (The Cryptonomist)

After small gains, the market has returned to red: Bitcoin is at the center of this crisis, with a price drop that now seems endemic.

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Image courtesy of "Finimize"

Crypto Crash: Bitcoin And Ether Fall To New Lows (Finimize)

Bitcoin hit a four-month low of $55366 while ether dropped 8%, pressured by market anxieties and potential Mt. Gox repayments.

Bitcoin may head towards $50000 as the crypto falls to a four-month ... (Morningstar.com)

Last month, bankrupt crypto exchange Mt. Gox said it would start repaying crypto in July to creditors who lost assets in a hack of the defunct platform more ...

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Image courtesy of "Livemint"

Bitcoin at four-month low: Why is the crypto market down despite ... (Livemint)

Bitcoin slumped over 8% to $53523 on July 5, below chart support of $55000, hitting a four-month low. Ether also dropped 9%, with smaller coins like Cardano ...

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