The recent surge in the price of Bitcoin to a new all-time high above $71,000 has put a record number of short positions at risk of being liquidated. The price surge has caused a significant amount of shorts, with less than a 10% move upward from the current level potentially leading to over $1 billion
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China’s Shandong Province has taken a major step towards embracing digital currency by introducing a digital yuan loan program for entrepreneurs. This initiative aims to integrate digital currency into regional business practices, making it easier for small businesses to access capital. Streamlining Access to Capital The capital city of Jinan in Shandong Province recently facilitated
The recent surge in Bitcoin’s price to over $71,000 can be attributed to various factors that have invigorated investor confidence and sparked a surge in buying activity within the cryptocurrency market. One of the key catalysts for this surge was the announcement by the London Stock Exchange (LSE) that it would accept applications for the
BA Labs, a key member of the MakerDAO Stability Advisory Council, has recently proposed an emergency rate adjustment within the MakerDAO community forum due to unprecedented market volatility and a significant reduction in reserves. This proposal aims to address the immediate challenges posed by the current market conditions by implementing various changes within the Maker
Ethereum price is currently facing a major obstacle in its journey towards clearing the $4,000 resistance zone. Despite trading to a new multi-month high above $3,980, ETH is struggling to break through this crucial level. The price is currently hovering around $3,850, with the 100-hourly Simple Moving Average acting as a key indicator. There is
In recent news, K Bank, a South Korean neobank, has announced its intention to make an initial public offering (IPO) bid. The decision was made by the bank’s board of directors, with the goal of listing on the South Korean KOSPI stock market within the year. The neobank has seen rapid growth, particularly due to
Chainlink’s LINK price is on an upward trajectory, surpassing the $20.00 resistance level. The recent surge in price marks a significant increase of over 5%, setting the stage for a potential move towards the $25.00 resistance. Currently, Chainlink price is displaying positive signs above $20.00 against the US dollar. The price is trading comfortably above
The current price of Bitcoin is facing significant resistance at the $70,000 level. Despite making attempts to break above $69,500 and $70,000, the price has failed to sustain these levels. The recent high was formed at $69,981 before a downwards correction occurred. The price is currently trading above $68,000 and the 100-hourly Simple Moving Average,
Cryptocurrency trader KALEO, alongside two other esteemed analysts, has recently made a daring assertion regarding Dogecoin’s potential to reach $1. Unlike previous speculations, they believe that this milestone is not just a far-fetched dream but a realistic possibility within the current market conditions. This bold proclamation has stirred up quite a buzz in the cryptocurrency
The price of bitcoin has seen a remarkable surge, breaking past the $70,000 mark and igniting a fresh wave of enthusiasm among investors. The cryptocurrency has experienced a steady climb throughout the week, with a sustained 12% rally. This growth has been supported by the introduction of spot bitcoin exchange-traded funds (ETFs) in the United