Advertisement

Breaking News

Technology: Over 158,000 Crypto Investors Have All Their Funds Wiped Out as Bitcoin Buckles

 Technology: Over 158,000 Crypto Investors Have All Their Funds Wiped Out as Bitcoin Buckles 



 Technology: Over 158,000 Crypto Investors Have All Their Funds Wiped Out as Bitcoin Buckles 


About 158,832 traders have their investment liquidated, which totaled about $387.96 million.

It is the biggest single liquidation on Okx, a BTC-USD-220930 transaction at $2.93. 

The premier crypto, bitcoin and Ethereum have their prices have broken their key $4ok and 3k support levels individually as investors' sentiments are at a bearish level.

 Technology: Over 158,000 Crypto Investors Have All Their Funds Wiped Out as Bitcoin Buckles 

The important driver of the round of liquidations, promoters say, was a very sharp selloff in the week before which was driven by a strong dollar that has gotten to the new highs in two decades. 

Many altcoins such as Cardano, Solana and XRP saw a sharp drop in their prices. As investors stake that the US Federal Reserve’s interest rate increases will leave other Central banks in its wake, the US dollar soared to its highest level in 20 years on Thursday, 28,2022. 

Crypto pundits analysts are now thinking if the bitcoin price with the current situation will get to the long-anticipated $100,000 level before the end of the year. Bitcoin has been declining consistently over the past few days. In the last week, the $40,000 level has been also working as a significant fixed resistance level most of the time. 

No comments