Last Week's Crypto Crash Leads To $1.2B In BTC Liquidations

Last week's crypto crash leads to $1.2 billion in BTC liquidations while Terra's LUNA went to zero so let's read more in today's latest altcoin news. Some bitcoin traders saw their accounts wiped out in the last week's correction and the derivatives traders lost over $1.2 billion in liquidations.

Timeline of Bitcoin

The recent drop in cryptocurrency prices has mirrored a stock market sell-off. The declines suggest that digital currencies may not be a trustworthy investment during economic uncertainty.

After breaking down below it on May 10, bitcoin (BTC) is currently attempting to reclaim the $30,500 horizontal area and potentially validate it as support once more. The post Bitcoin (BTC) Attempts to Find Support Above $30,000 appeared first on BeInCrypto.

Despite the intense pressure from the Chinese government last year to crack down on cryptocurrency operations, especially mining, the country has again surfaced as one of the biggest Bitcoin mining jurisdictions of 2022.  The Cambridge Bitcoin Electricity Consumption Index (CBECI) provided by the Cambridge Centre for Alternative Finance (CCAF) shows that Chinese Bitcoin mining activities.

Entrepreneur, CEO and founder of cryptocurrency exchange FTX, Sam Bankman-Fried, said yesterday that bitcoin could not become a payments network but that it had potential for being a store of value. Has he changed his mind on the former?

In September 2021, China banned all the cryptocurrency mining operations in the country, reporting crypto mining as an “extremely harmful” industry that endangers the country's efforts to curb carbon emissions. According to a new report, China has now made a comeback as one of the world's largest Bitcoin (BTC) mining hubs, months after the local

Cryptocurrency's longest-running futures exchange, BitMEX, has introduced a series of spot markets on its platform just three days before founders Arthur Hayes and Ben Delo are due to be sentenced.

MicroStrategy CEO Michael Saylor is weighing in on the future of crypto a week after one stablecoin collapsed and sent ripples through the industry. In an interview with Fox Business host Charles Payne, Saylor says digital assets can be broken down into three distinct categories. “The crypto crashes illustrated that the entire crypto world consists The post Latest Market Crash Could Be Turning Point for Bitcoin and Crypto, According to Michael Saylor – Here's Why appeared first on The Daily Hodl.

This is the May 2022 monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more. Crypto Market Performance May got off to a rough start as the Federal Reserve confirmed a hawkish bias on the back

It has been almost a week since huge Bitcoins made their way out of a wallet. No doubt, it destabilized the rally to a large extent as the price fell massively below $27,000. However, despite the crisis appearing to have found a way, the BTC price continues to hover around $30,000, also revisiting the lower …

The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle involving the Terra ecosystem. The organization sold part of the bitcoins owned directly, while another part was traded on different dates to