Tags : yesterday

Cryptocurrency

92% of all crypto ‘longs’ liquidated yesterday after Bitcoin fell

Crypto traders took some of their biggest hits in recent times as a sudden purge across the crypto market saw $3.7 billion worth of trading positions liquidated, data from multiple sources showed. ‘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 […]Read More

Cryptocurrency

Traders lost $200 million trading Dogecoin and Shiba Inu (SHIB)

Dogecoin (DOGE) and Shiba Inu (SHIB) traders lost over $200 million yesterday after Ethereum’s Vitalik Buterin dumped part of his stack, data from markets taken by Bybt shows. While Dogecoin has been memed into supposed legitimacy by the likes of Elon Musk, ‘petcoin’ Shiba Inu went from near-obscurity to temporarily become the world’s twelfth-largest cryptocurrency […]Read More

Cryptocurrency

Dogecoin volumes in Korea exceeded those of its entire stock

South Korean crypto exchanges processed more Dogecoin trades yesterday than the average volume of stocks traded on the country’s traditional exchanges, data from multiple sources shows. Dogecoin up As per local news outlet Hankyung, the average daily trading volume on the Korea Composite Stock Price Index (KOSPI)—a representative index of Korean companies—was just $9 billion […]Read More