Space Sweepers - Official Teaser - Ġ3:43 PM EST - Jan,10 2021 - ( 1 comments) While BitMEX only accounted for $132.11 million worth of liquidated long contracts, its trader recorded the largest one-off loss of a whopping $10 million. Only $282.63 million worth of shorts got liquidated during the most successful 24 hours for the bears in 2021.īinance has the highest liquidation volume ($903.31 million) followed by Huobi ($523.53 million), and Bybit ($494.55 million). Long positions account for 88.42 percent of the wipeout ($2.16 billion). 8.Īltcoins have been delivered even a bigger blow, with Ethereum plummeting to $1,010 after falling short of toppling its long-standing all-time high of $1,448. Bitcoin was down 20.5 percent from its all-time high of $42,000 that it hit on Jan.

This came after the largest cryptocurrency collapsed to its one-week low of $33,447 at 03:38 UTC on the Bitstamp exchange. Over $2.4 billion worth of Bitcoin, Ethereum, XRP, and other coins has been liquidated on derivatives exchanges, according to data provided by Bybt. $2.4 Billion Worth of BTC, ETH, XRP, and Other Coins Liquidated - Ġ1:55 AM EST - Jan,11 2021 - post a comment Last week, the overall cryptocurrency market rose above $1 trillion for the first time.īitcoin last week hit a record high above $41,000, swept up by the combination of a weaker dollar, economic optimism, and a wave of bullish sentiment toward cryptocurrencies as big-name investors and investment banks touted a potential for huge gains this year. The fall in cryptocurrencies on Monday wiped nearly $140 billion off the entire market. The smaller coins XRP and Litecoin shed about 18% each. Investors will be keeping a close eye on a possible impeachment of President Donald Trump and a surge in COVID-19 cases in Asia.īitcoin plunged as much as 21% over Sunday and Monday, its biggest two-day decline since March, though the cryptocurrency is still up roughly 89% on a trailing one-month basis. Bitcoin is still up roughly 89% over the past month.Ĭryptocurrencies tumbled on Monday, wiping off nearly $140 billion in total market cap, as traders took profits on the spectacular rally so far this month in light of a stronger dollar and growing political uncertainty.The possibility of a second impeachment for President Donald Trump encouraged safe-haven flows into the dollar, which rose to two-week highs.

Bitcoin slid as much as 21% over Sunday and Monday, its biggest two-day decline since March, under pressure from investor risk aversion that also undermined equities while the dollar rallied.

Cuban's comments come as the U.K.'s financial regulator issued a warning about the rise of bitcoin and other cryptocurrencies, saying people should 'prepare to lose all your money.'īitcoin plummets by the most since March - ġ2:03 PM EST - Jan,11 2021 - post a comment

At that time, many dot-com stocks plummeted and the technology-dominated NASDAQ COMP, -1.25% crashed.Ĭuban sold his company to Yahoo at the height of the dot-com bubble in a deal valuing the company at over $5 billion. internet-based company valuations grow exponentially in the 1990s before entering a bear market in the early 2000s. The internet stock bubble, also known as the dot-com bubble, saw U.S. Cryptocurrencies have been on a meteoric rise in recent months, as the market cap of bitcoin and other cryptos topped $1 trillion last week, according to CoinDesk.īitcoin, which has risen nearly 300% in the past 12 months, was mentioned by Cuban as an equity that could survive a potential bubble bursting among cryptocurrencies - similar to how companies like Amazon AMZN, -2.15% and EBay EBAY, -1.01% survived during the internet stock bubble. Billionaire Mark Cuban said that recent trading of bitcoin BTCUSD, 5.12% and other cryptocurrencies reminds him of the internet stock bubble of the late 1990s.

The ascent dlss greyed out