Tags : dumps

Regulation

BTC dumps after Agricultural Bank of China issues, deletes, and

The Agricultural Bank of China (ABC) published a Bitcoin (BTC) ban announcement, restating its services must not be used for cryptocurrency-related transactions and activities, only to delete it within minutes, pause for a few hours, and then publish the ban all over again. ABC is one of the “Big Four” banks in the country, state-controlled […]Read More

Bitcoin

Bitcoin dumps to $30,000 with $8 billion in crypto liquidations

Bitcoin fell to under $33,000 on some exchanges, reaching levels last seen in February this year. Millions gone ‘Liquidations’ occur when traders borrow excess capital from brokerages/exchanges (i.e., ‘margin’ or trading futures) to place bigger bets on the assets they trade.  They pay a fixed fee for doing so, while exchanges close out these positions […]Read More

Bitcoin

Bitcoin dumps to $38.5k with $2 billion in crypto liquidations

Bitcoin fell to under $38,500 on some exchanges, reaching levels last seen in February this year. Millions gone ‘Liquidations’ occur when traders borrow excess capital from brokerages/exchanges (i.e., ‘margin’ or trading futures) to place bigger bets on the assets they trade.  They pay a fixed fee for doing so, while exchanges close out these positions […]Read More