Ethereum

Bitcoin

<p style="text-align: justify">The <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a> continues to be volatile following the recent development involving <strong><a href="https://en.coin-turk.com/binance-faces-regulatory-challenges-latest-developments-and-impact-on-russian-sanctions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a></strong> in the cryptocurrency world. The pullback in <a href="https://en.coin-turk.com/pentoshi-bitcoin-btc-will-be-40000-but-there-is-a-problem-for-crypto/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>, dropping as low as $35,758, has led to the liquidation of long positions. Subsequently, as Bitcoin returned to $36,700, there were also liquidations in short positions.</p>
<h2 style="text-align: justify" id="massive-liquidations-in-bitcoin-and-altcoins">Massive Liquidations in Bitcoin and Altcoins</h2>
<p style="text-align: justify">The volatility in the market has caused a wave of fluctuations in cryptocurrencies, resulting in a liquidation of $228 million. Out of this total, $174.85 million is from long positions, while $53.31 million is from short positions.</p>
<p style="text-align: justify"><img decoding="async" class="wp-image-279693 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/Ekran-goruntusu-2023-11-22-132508.png" alt="btc tasfiye cointurk" width="1845" height="660"></p>
<p style="text-align: justify">Bitcoin alone has experienced liquidations worth $68.44 million in the past 24 hours. Ethereum, on the other hand, witnessed liquidations of $28.82 million. Solana, which has seen significant increases in recent days, made headlines with a liquidation of $10.28 million.</p>
<h2 style="text-align: justify" id="details-of-the-liquidations">Details of the Liquidations</h2>
<p style="text-align: justify">According to Coinglass data, it has been reported that 92,751 investors were liquidated in the past 24 hours. The largest liquidation amount occurred on Bybit, totaling $2.35 million.</p>
<p style="text-align: justify">The occurrence of such significant liquidation amounts reminds us of the dynamic nature of the cryptocurrency world. At this point, with Bitcoin bouncing back from $35,758, we can see a certain degree of stagnation in the market.</p>
<h2 style="text-align: justify" id="what-can-be-expected-for-bitcoin-and-altcoins">What Can Be Expected for Bitcoin and Altcoins?</h2>
<p style="text-align: justify">Following the recent developments centered around <strong>Binance</strong>, we can observe a certain level of calm. Uncertainty has been present among cryptocurrency investors, especially regarding the outcome of the Binance lawsuit.</p>
<p style="text-align: justify">With the recent agreement and the appointment of a new CEO for Binance, as well as a settlement with the US Department of Justice, the future prospects have increased the expectations of a rally in <strong>Bitcoin</strong> and altcoins.</p>
<p style="text-align: justify"><img decoding="async" class="wp-image-279696 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/btc-cointurk-1.png" alt="btc cointurk" width="1709" height="446"></p>
<p style="text-align: justify">As of writing, Bitcoin is trading at $36,640. On the other hand, Ethereum is positioned above the support level of $2,000, currently trading at $2,010. Due to the impact of the recent developments, BNB has experienced a significant drop of nearly 10%, trading at $234.</p> Continue Reading: <a href="https://en.coin-turk.com/crypto-market-experiences-tremors-after-binance-incident-massive-liquidations-in-bitcoin-and-altcoins/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/crypto-market-experiences-tremors-after-binance-incident-massive-liquidations-in-bitcoin-and-altcoins/</a>

Crypto Market Experiences Tremors After Binance Incident: Massive Liquidations in Bitcoin and Altcoins

Table of Contents

COINTURK NEWS

Outros artigos publicados em 22 de nov. de 2023

Upcoming Community Test in M3TASPACES- Join M3TAClub!

Ripple CLO comments on Binance’s $4 billion settlement

Serenity Shield Unveils StrongBox®️ Mainnet, A Revolutionary Leap in Digital Security

Mt. Gox creditors to receive cash repayments next month

Serenity Shield Revolutionizing Digital Security With the Launch of StrongBox®️ Mainnet (22 Nov)

Was Binance’s Exit SEC’s Plan to Pave the Way for Bitcoin Spot ETF Approval?

Join our free newsletter for daily crypto updates!