2024

Bitcoin

Shockwaves

<p>The crypto market has experienced a noticeable uptick, as <a href="https://x.com/top7ico/status/1808081683368874189" target="_blank">highlighted</a> in the recent report by Top7ICO, a platform renowned for its insights into crypto trading and market trends. This recovery marks a significant turnaround from the previous turbulent week, where over $620 million was liquidated across various exchanges.&nbsp;</p> 
<p>The majority of these liquidations impacted long positions, signaling a volatile period where many traders were betting on rising prices. However, the past 24 hours have painted a different picture, with the global crypto market cap swelling by 0.6%, demonstrating a mild but notable recovery.</p> 
<p>Bitcoin, the leading cryptocurrency, mirrored this trend, registering a 3% increase over the week. This resurgence saw Bitcoin climb back above the $63,000 mark, a psychological level important to market sentiment.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">Top 7 Projects by Trending Searches on Major Crypto Aggregators – July 2nd<br><br>CoinGecko: <a href="https://twitter.com/search?q=%24TOSHI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$TOSHI</a> <a href="https://twitter.com/search?q=%24MAGA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$MAGA</a> <a href="https://twitter.com/search?q=%24ZRO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ZRO</a> <a href="https://twitter.com/search?q=%24OM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$OM</a> <a href="https://twitter.com/search?q=%24ZK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ZK</a> <a href="https://twitter.com/search?q=%24NOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$NOT</a> <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$TON</a><br><br>CoinMarketCap: <a href="https://twitter.com/search?q=%24STRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$STRUMP</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> <a href="https://twitter.com/search?q=%24ZRO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ZRO</a> <a href="https://twitter.com/search?q=%24NOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$NOT</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$DOGE</a> <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SOL</a> <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$PEPE</a><br><br>CryptoRank: <a href="https://twitter.com/search?q=%24BLAST&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BLAST</a> <a href="https://twitter.com/search?q=%24ZRO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ZRO</a> <a href="https://twitter.com/search?q=%24ZK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ZK</a> <a href="https://twitter.com/search?q=%24STRK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$STRK</a> <a href="https://twitter.com/search?q=%24WLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$WLD</a> <a href="https://twitter.com/search?q=%24XAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$XAI</a> <a href="https://twitter.com/search?q=%24IO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$IO</a> <a href="https://t.co/08bjEGirxW" target="_blank">pic.twitter.com/08bjEGirxW</a></p>— TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) <a href="https://twitter.com/top7ico/status/1808081683368874189?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 2, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Despite this positive movement, <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/">Bitcoin</a> faced a minor setback, retracting by 0.8% to trade at around $62,292. This fluctuation underscores the ongoing challenges and uncertainties within the crypto landscape.</p> 
<h2 class="wp-block-heading" id="detailed-look-at-exchange-dynamics">Detailed Look at Exchange Dynamics</h2> 
<p>The report from Top7ICO not only highlights the recovery but also sheds light on the distribution of liquidations across various platforms. This aspect of the market is crucial as it provides insights into where the bulk of trading and hence risk-taking is occurring. By examining the top exchanges by liquidations, investors and traders can gauge the risk appetite and the potential for future volatility.</p> 
<p>Understanding the specifics of these liquidations helps market participants navigate the complexities of crypto trading. It also helps in identifying the exchanges that are most affected by shifts in market sentiment, allowing traders to strategize accordingly.</p>

Over $620M Liquidated: A Week of Shockwaves and Surprises in the Crypto

Зміст

BlockchainReporter

Інші статті, опубліковані 2 лип. 2024 р.

US FED Could Open Doors To Over $100 Billion Inflow With Rate Cut, Which Altcoins Will Jump the H...

Cartesi and Avail Announce Strategic Integration to Advance Web3 Development

Hawaii Crypto Firms Now Exempted from Money Transmitter License in a Recent Regulatory Shift

Qubetics Whitelist Steals Limelight Amid Price Declines for AAVE and Immutable X

SEC Sues Silvergate for Its Alleged Role in FTX Fraud

Crypto ‘relief rally’ may be just beginning, with sellers exhausted

Приєднуйтеся до нашої безкоштовної розсилки для отримання щоденних оновлень щодо крипто!