MARKET CAP : $5,607,185,562,796.5
NFT Volume(7D) : $66,947,433.8
ETHGas : 25.879209812Gwei
( #IDO #GAMEFI #BLOCKCHAIN GAMES #NFT COLLECTION )
シェア

Bitcoin Spikes Above $89K in Wild Trading Session, Battering Both Bulls and Bears

A surfer navigating rough waves. (Pexels/Pixabay)

A surfer navigating rough waves. (Pexels/Pixabay)

 

 

 

Bitcoin (BTC) briefly surged above $89,000 in early Asian hours, before correcting to as low as $87,000, in a wild trading session that saw the asset extend 7-day gains to over 32%.

 

The volatility caused nearly $700 million in liquidations on crypto-tracked futures, impacting both longs and shorts (or bets on higher and lower prices, respectively), with $380 million in bearish traders and $290 million in bullish bets evaporated. Such cumulative losses are the highest since early April, when BTC briefly crossed its previous peak at over $73,000.

 

 

Dogecoin (DOGE) was another shining spot in the crypto market, gaining over 40% to near 41 cents as the market celebrated Dogecoin-supporter Elon Musk's proximity to President-elect Donald Trump.

 

 

(Coinglass)

(Coinglass)

 

 

BTC-tracked futures recorded over $200 million in short liquidations, followed by $40 million on bearish ether trades.

 

Futures of other majors and midcaps, from Solana’s SOL to Aptos (APT) saw over $25 million in losses each — with unusually large figures implying a swift return to riskier bets among crypto traders. These futures typically see liquidations under $5 million in general market conditions.

 

Annualized funding rates have spiked to over 30% across some altcoin-tracked futures, Coinglass data shows.

 

 

BTC zoomed more than 7% in the past 24 hours following an unusually bullish weekend, carrying over sentiment for higher prices after Republican Donald Trump's win at the U.S. presidential elections last week.

 

A Republican sweep could see total crypto market cap grow to $10 trillion by the end of 2026 from the current $3 trillion mark, bank analysts say, with price targets of $100,000 by the end of this year.

 

Traders warn of a price correction in the short term, however, with a risk of a leverage washout above the $90,000 level and predictions of a slower ascent from current levels to $100,000.

Translate & Edit: P2E Game

Welcome to P2E GAME

Hearing the echoes from Metaverse.

ブロックチェーンゲームリスト | NFT ゲームリストs | 暗号ゲームリスト | Play to Earn ゲームリスト
ブックマーク 0
ブックマーク
Not-liked 0
お気に入り
レビュー
返事する
新着順
自分にとって大切なものを見つけましょう
  • NFT
  • GameFi
  • Industry News
  • Launchpad
  • Airdrops
  • Insight
  • Region News
  • Weekly Overview
  • Editors' Picks
  • Partnership
該当するニュースが見つかりません。