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As the Bitcoin funding rate turns negative, Matrixport warned that more liquidations could be on the horizon before the Bitcoin price recovers.
Share link:In this post: Japan’s sudden interest rate hike has caused a major shake-up, forcing traders to close out their yen carry trades quickly. The fallout was swift and severe, with significant market corrections, especially in cryptocurrencies.
Share link:In this post: The Bank of Japan hiked interest rates, wrecking global stocks and the crypto market. Before the rate hike, the Bank of Japan issued cheap yen-denominated loans that amounted to trillions of dollars. Bitcoin and Ethereum fell 18% and 26%, respectively, in less than 24 hours.
Share link:In this post: Data indicates whales accumulated more XRP tokens amid the cryptocurrency market shakeup. WhaleAlerts pointed out increased XRP token accumulations as more whales show reluctance to sell. Market analysts think the accumulation could indicate market optimism that could ultimately lead to market gains.
Share link:In this post: Despite Bitcoin’s price drop below $50,000, long-term holders only sold a tiny $600,000, showing serious holding power. Newer investors panicked and moved over $5.2 billion in BTC in just an hour. Global economic jitters and disappointing U.S. job reports have ramped up market instability, affecting stocks and Bitcoin alike.