The cryptocurrency market experienced a mixed bag of liquidations, with DOGE rebounding while Bitcoin and Ethereum saw larger losses. DOGE, despite a recent price dip, saw relatively mild liquidation differences between long and short positions, attributed to its market recovery. Other cryptocurrencies like Bitcoin, Ethereum, Solana, and XRP displayed more significant liquidation imbalances, with short positions generally suffering greater losses.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Short positions recorded slightly more liquidations as they lost $4.09 million. This has been attributed to the rebound of DOGE on the broader crypto market.DOGE has been down from $0.390 over the past seven days. It crashed to a low of $0.3091 on Jan. 26 before finding support to stop the free fall it witnessed.However, the trading volume has declined by 27.26% to $2.52 billion. This highlights the reduced interest from market participants in investing in the asset.
Solana’s pattern mirrored that of DOGE regarding differences between long and short positions. Solana registered a total liquidation of $17.34 million, with long positions accounting for $8.58 million, while shorts stood at $8.76 million. XRP’s total liquidation of $10.97 million comprised $4.71 million in long and $6.26 million in short positions.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Cryptocurrency CRYPTOCURRENCY LIQUIDATION DOGE BITCOIN ETHEREUM
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Crypto – European Wrap 23 JanuaryBitcoin’s (BTC) price continues to decline, trading below $102,000 at the time of writing on Thursday after falling 2.3% the previous day.
Read more »
Crypto Market Outlook: Ethereum Upgrade Fuels Optimism, Bitcoin Faces CorrectionExperts predict heightened volatility for Bitcoin and Ethereum ahead of Ethereum's technical upgrade. While Bitcoin miners enjoy profitability now, a potential correction is anticipated in Q1 2025. Ripple's RLUSD stablecoin launch is expected to boost XRP utility and adoption.
Read more »
Crypto Market Update: Bitcoin Dips, Ethereum Approaches Support, Ripple RalliesBitcoin continues its decline after failing to hold above $100,000, Ethereum approaches a key support level, and Ripple breaks above a symmetrical triangle pattern, suggesting a potential rally.
Read more »
Crypto Markets Soar on US CPI Data: Bitcoin and Ethereum Lead Surge, XRP Joins the FrenzyThe US Consumer Price Index exceeded expectations, pushing cryptocurrency markets upwards. Bitcoin and Ethereum saw significant price increases, while XRP also experienced a notable surge, leading to substantial liquidations of short positions.
Read more »
Trump's Crypto Agenda: Bitcoin Surge, Regulatory Promises, and a 'Crypto Ball'Bitcoin skyrockets as the cryptocurrency community eagerly awaits Donald Trump's policies. Trump, once skeptical, has embraced cryptocurrencies, promising to make the U.S. the 'crypto capital' of the world. He plans to establish a crypto advisory council, create a strategic bitcoin reserve, and enact regulations favorable to the industry.
Read more »
Crypto Daybook Americas: Crypto Daybook Americas: Bitcoin (BTC) Rebounds as DeepSeek Concerns Wane, AI Tokens RegroupThe day ahead in crypto: Jan. 28, 2025
Read more »