Crypto Market Faces $300M in Liquidations as Bitcoin and Ether Decline Amid Weakening ETF Momentum
On Tuesday, cryptocurrency traders experienced the largest liquidation of leveraged long positions in three months as the rally in the digital asset prices, fueled by ETFs, reversed sharply lower. Over the past 24 hours, 76,376 traders faced liquidation, resulting in…
Community’s Decentralization Steps Soars Reddit Moons Price by 142%
Reddit Moons, a cryptocurrency associated with social media Reddit’s r/cryptocurrency community, surged by almost 142% today. This spike was followed by an announcement by community moderators to eliminate 34% of the coin’s supply and dissolve its contract, a move aimed…
Oil Prices Plunged to Three-Week Lows With Focus on Demand Outlook
Oil prices plunged to three-week lows as traders awaited industry reports to validate whether the recent decline justifies the actual data. Brent crude traded below $8 per barrel, down 12% over the past three weeks on concerns about global demand…
Is The Largest Altcoin Ethereum (ETH) Pointing Towards $2500?
For the largest altcoin Ethereum (ETH), it was April when the price touched the $2100 level, and 10 November is the second time in 2023 that the price again tapped the same level indicating the ETH price is poised to…
Significant Bitcoin and Ethereum Price Volatility Leads to $400 Million in Crypto Liquidations, Highest Since August 2023
The substantial price fluctuations observed on Thursday in the top two cryptocurrencies, Bitcoin and Ethereum, resulted in the liquidation of over $400 million in open trades, marking the highest level since the crash in August. As per CoinGlass data, The…
Why Nextdoor Lays off 25% of its full-time staff
The San Francisco-based hyperlocal social networking service provider company Nextdoor is laying off 25% of its full-time staff as a way of cutting costs. Through its third-quarter financial report published on Tuesday, it announced that it will eliminate nearly 200…