BIGTIME, ORDI Tokens Lead Nearly $250M in Altcoin Liquidations
Altcoins futures took a hit Monday as sudden volatility liquidated both longs and shorts, causing unusually high liquidations on some lesser-known tokens.
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Altcoins futures took a hit Monday as sudden volatility liquidated both longs and shorts, causing unusually high liquidations on some lesser-known tokens.
November brought explosive gains for altcoins as a wide range of smaller cryptocurrencies outperformed bitcoin, prompting call for an altcoin season.
Several major alternative cryptocurrencies including DYDX, Optimism (OP) and SUI dropped sharply as massive token unlocks weighed on prices.
Cryptocurrencies Wednesday roared back from yesterday’s drubbing, with bitcoin [BTC] nearing a new 18-month high just shy of $38,000 after tumbling below $35,000 at one point on Tuesday.
Altcoins posted gains of 5%-10% on Monday while bitcoin (BTC) treaded water near $35,000 as investors ventured into riskier tokens as calls for an altcoin season emerge.
Layer 1 cryptocurrencies and DeFi tokens soared this week as bitcoin and ether chopped sideways.
I am not buying yet, just closing loss-making short positions in AAVE, SOL, CRO and TRX, Capo said, having predicted last year’s market meltdown.
Less than half of the fund’s investments will be in bitcoin (BTC) and ether (ETH), the two largest cryptocurrencies, with the aim of diversifying allocations to smaller cap assets.
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
An inverse head-and-shoulders pattern, one of the most trusted indicators known to presage major price rallies, is building in the altcoin market.