Tags : Minutes

Bitcoin

$7 million ‘liquidated’ after Bitcoin drops $1,000 in 30 minutes

Bitcoin fell $1,000 this morning in a sudden drop, taking along with the rest of the crypto and racking up $7 million in ‘liquidations,’ data from several sources shows. ‘Liquidations,’ for the uninitiated, occur when leveraged positions are automatically closed out by exchanges/brokerages as a “safety mechanism.” Futures and margin traders—who borrow capital from exchanges […]Read More

Bitcoin

Bitcoin Weekly Outlook: Milder Swings Expected Around FOMC Minutes

Bitcoin (BTC/USD) is paring a portion of its recent gains entering the new weekly session, trading just a little over $57,000 after breaching $60,000 last week. Bitcoin bullish bias weakens near $60,000. Source: BTCUSD on TradingView.com Investors have shifted their focus on the minutes from the Federal Reserve’s March meeting, coming out Wednesday in a […]Read More

Bitcoin

Bitcoin Weekly Outlook: Bulls Break Loose ahead of FOMC Minutes

Bitcoin exploded above $34,000 for the first time on Sunday, prolonging a record-shattering rally that yielded more than a 300 percent gain in 2020. Early evidence provided by Ki Young Ju, CEO of the blockchain analytics firm CryptoQuant pointed out that institutional investors purchased about $1 billion worth of Bitcoin via over-the-counter deals. His claim […]Read More