Altcoin News by Thebittimes.Com

Cryptocurrency traders lost $300 million from leveraged short and long position liquidations in the last 24 hours . The liquidation apex occurred amid significant volatility as explosions echoed in Iran under the suspicion of an attack by Israel. Geopolitical tensions have again brought damaging volatility to the cryptocurrency market a week after Iran’s unprecedented offensive against Israel. On that occasion, crypto traders registered nearly $2 billion in 48 hours of liquidations, mostly from long positions. Now, 90,133 traders have lost $291.12 million in 24 hours, with Bitcoin (BTC) leading with $107.44 million. Finbold retrieved the liquidation data from CoinGlass a few hours after the attack. Picks for you JPMorgan CEO breaks his vow on Bitcoin, labels BTC ‘decentralized Ponzi Scheme’ 4 mins ago US economist slams Bitcoin’s status as a safe haven amid geopolitical chaos 8 mins ago AI predicts SHIB price for May 1, 2024 36 mins ago R. Kiyosa...

BTC traders are cautiously optimistic due to Bitcoin traditional assets, but there are still some macro headwinds to be aware of. Bitcoin (BTC) price has finally broken the $30,000 level after the key price zone lasted as a ten months resistance level. BTC price rallied 6.5% on April 10 and the much-awaited price gain ended an agonizing 12-day period of extremely low volatility, which saw the price hovering close to $28,200. Bulls are now confident that the bear market has officially ended, especially considering the fact that BTC price has gained 82% year-to-date. Another interesting note is, Bitcoin's decoupling from traditional markets has been confirmed, after the S&P 500 index presented a mere 0.1% gain on April 10, and WTI oil traded down 1.2%. Bitcoin traders are likely anticipating the Federal Reserve's interest rate policy to reverse sooner than later. Stagflation risk could be behind the decoupling Higher interest rates make fixed-income investments more a...

Polygon (MATIC) and Green Satoshi Token (GST) provide the perfect examples of how quant analysis can help cryptocurrency investors shield themselves from volatile markets. Disparities in information access and data analytics technology are what give institutional players an edge over regular retail investors in the digital asset space. The core idea behind Markets Pro, Cointelegraph’s crypto-intelligence platform powered by data analytics firm The Tie, is to equalize the information asymmetries present in the cryptocurrency market. Markets Pro bridges the gap of these asymmetries with its world-class functionality: the quant-style VORTECS Score. The VORTECS Score is an algorithmic comparison of several key market metrics for each coin utilizing years of historical data that assesses whether the outlook for an asset is bullish, bearish or neutral at any given moment based on the historical record of price action. The VORTECS Score is designed to notify traders that something has just ...