Bitcoin Traders Brace for Potential Price Drop as Glassnode Data Reveals Increased Liquidation Risk

Send Timeļ¼š2024-04-19 09:10:25

Ethereum's recent decision to transition to ProgPoW, an ASIC-resistant proof-of-work algorithm, has sparked controversy in the crypto community. PropoThe Securities Commission of the Bahamas has frozen the assets of FTX, a cryptocurrency exchange, as part of an investigation into multi-billion dollaIn the latest attack on the decentralized finance (DeFi) space, Tender.fi was hacked for $850,000 worth of Ether (ETH) on Tuesday. The attacker exploiThe recent decline of Binance USD (BUSD) has sparked concerns of mismanagement and the use of riskier assets in the stablecoin market. According to Cr"21Shares, a Toronto-based investment firm, has launched a spot exchange-traded fund (ETF) that invests directly in bitcoin, marking the first of itsThe recent collapse of FTX and the allegations of criminal activity against its founder, Sam Bankman-Fried, have raised serious doubts about the exchaMicroStrategy, a software company, has announced plans to raise $500 million through the sale of bonds to buy more Bitcoin. This comes after the compa

El Salvador's recent investment in bitcoin has yielded mixed results, with the country's treasury acquiring minimal returns on its investment. Accordi"In recent weeks, Bitcoin-based non-fungible tokens (NFTs) have gained significant traction, with collections like Pepes and Apes becoming increasinglThe bitcoin price has continued its upward trend, with a 245% gain from Christmas to the current price of $45,000. This outperformance is likely due tBinance, the world's largest cryptocurrency exchange, has faced a setback in its Australian expansion plans. The exchange has been forced to halt itsThe Bitcoin price has been trading above the $40,000 mark for the past few days, with strong momentum indicators suggesting a bullish trend. The MACDTerra's Luna token has seen a significant increase in value and trading volume over the past week, with the token's market capitalization surging to oWarren Buffett and Charlie Munger, the billionaire CEO and vice chairman of Berkshire Hathaway, have expressed their skepticism towards Bitcoin, descr