The crypto markets were down Friday. Total short cryptoliquidations dropped to their lowest level since February 2024. After the Bitcoin HalvingThe net exchange flows of Bitcoin dropped by 227%, to $114 millions.
What happened? The crypto markets were shaky late Friday evening. Bitcoin BTC/USD, Ethereum ETH/USD” Dogecoin DOGE/USD Trading in the Red The stock market and cryptocurrency markets were affected by global concerns such as Japan’s yen falling to its lowest level in 34 years against the U.S. Dollar.
Prices are as of 4:00 p.m. Eastern Time.
The Asian market is undergoing a transformation. See also: Chinese residents with Hong Kong residency permits are allowed to purchase shares of Hong Kong ETFs. Global cryptocurrency market capitalization is now at 2,36 trillion dollars, down by 1.07% over the last 24 hours. In the same time period, 48.733 traders liquidated their assets, totaling 119.34 millions.
Crypto short liquidations were at their lowest level since February 2024 at 24.96 million dollars as of the 26th April at 3:30pm ET. Data from IntoTheBlock shows that Bitcoin’s exchange net flows have dropped by 226.6%, to 114.4 millions. Large transaction volumes also decreased by 23.6%, to 37.98 billion.
Top Losers
Please Read This: Lark Davis, a veteran trader writes that Bitcoin’s consolidation is the ‘calm before the storm’.
The Analyst’s Notes Crypto trader veteran Michael van de Poppe Bitcoin remains stuck within a narrow range, according to. He expects altcoins will perform better.
Murad, a highly-followed analyst and trader of meme coins who is also a heavily-followed meme coin enthusiast, shared possible price targets in order to identify whether or not the current range represents accumulation or distribution.
Crypto traders Tim Estimates He is confident that “the crypto market will be higher”, and he holds his portfolio. If the ship sinks, he says, “I’ll be with you. But I think the market will go higher after may, and I believe this is the consolidation phase before the second leg up.”
What Next?The upcoming Benzinga conference is expected to explore these topics in depth. Digital Assets: The Future Event on November 19,
Continue Reading: Arthur Hayes urges investors to ‘Left Curve’ it, despite the bull market in bitcoin.
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