Bitcoin, ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets
Bets on rising prices accounted for nearly 84% of forced closures, with Binance handling almost half the total. A rebound has since started catching short sellers.
Bets on rising prices accounted for nearly 84% of forced closures, with Binance handling almost half the total. A rebound has since started catching short sellers.
Bitcoin, ether and many other tokens have pulled back sharply from their 2025 peaks, yet remain far above their 2017 highs. Too many coins Analysts point first to XRP’s supply. “Circulating supply grew 63%, from 38.7B in 2017 to 63.1B, while XRP’s total market value… Read More
Lee also noted Wall Street’s growing use of blockchain technology to represent financial assets, the rise of AI applications and crypto treasury companies holding tokens for the long term as possible drivers of a new rally. Bitmine inches closer to its 5% ETH goal Lee’s… Read More
Altcoins left behind For altcoins, the picture is reversed. In CoinDesk Research’s basket of altcoins, dollar depth was greatest on Jan. 1, 2025, and has been lower on each date measured since. Depth at 5% from the price is down about a third since the… Read More
That recurring $5,499 dollar target remained nearly stable even as the number of contracts required to reach it changed with ether’s price. Ether rose from around $1,700 to $2,500 between June and September, forcing the number of contracts in each trade to keep changing while… Read More
The yield-generating asset has a special place in the digital asset investor’s portfolio, argues GlobalStake’s Ryan Haczynski.