Traders were caught flat-footed on Sept. 7 after a sharp collapse in the price of Bitcoin (BTC) saw the digital asset fall below $43,000, and this led to widespread liquidations in derivative markets as more than $3.54 billion was liquidated.  Amount of Liquidations in the past 24 hours by exchanges in total $3.54 was liquidated! In the past 24 hours, 330,243 traders were liquidated. The largest single liquidation order happened on @HuobiGlobal #BTC $BTC value $43.7M Data source: @bybt_com

SAN SALVADOR, Sept 7 (Reuters) – El Salvador on Tuesday became the first country to adopt bitcoin as legal tender, although it suffered teething problems when the government had to unplug a digital wallet to cope with demand. President Nayib Bukele, who pushed for adoption of the cryptocurrency, called for help from users who had already downloaded the government-backed app, to test if it was now working properly. “Could you please try to register and post in the comments if there are any… Source link

What happened The price of most cryptocurrencies fell on Tuesday morning after some hit new highs on Monday night. The price of Bitcoin (CRYPTO:BTC) had dropped roughly 11% as of noon EDT, while the prices of Ethereum (CRYPTO:ETH) and Dogecoin (CRYPTO:DOGE) had fallen roughly 12% and 18%, respectively. The fall in prices seemed to be attributed to market volatility commonly associated with the cryptocurrencies, and as El Salvador looks to implement… Source link

Litecoin awoke from a month-long slumber to follow the general sentiment in the market. The price of LTC broke above the $200 resistance, only to drop with the crypto market flash crash. At the time of writing, Litecoin trades at $181 with a 17.31% loss in the daily chart. LTC is on a downtrend in the daily chart. Source: LTCUSDT Tradingview The market seems to be reacting to the events triggered by El Salvador making Bitcoin legal tender. Whales could have used the bullish sentiment to… Source link

Hackers exploiting the recently disclosed Atlassian Confluence remote code execution vulnerability breached an internal server from the Jenkins project. While the attack is concerning because Jenkins is a popular open-source server for automating parts of software development, there is no reason that the project releases, plugins, or code have been impacted. Admins are being cautious As BleepingComputer reported last week, after the proof-of-concept exploit code for CVE-2021-26084 became… Source link

It looked like Ethereum (CRYPTO: ETH) was going to crash into a wall of sellers… and it sure did. It’s undergoing a significant correction, but there’s a chance the sell-off may be over, at least for now. The $3,350 level was important resistance in August. Now it may become a support level and this could put a floor under the price. See Also: Kim Kardashian Gets Called Out By Regulator For Promoting Ethereum Knock-Off To Instagram Followers This is because many of the investors who sold at… Source link

Litecoin price is down over -10% since hitting $233. Retracement to the $200 level is likely to test as support. Failure to hold this support level could see a quick return to $180. Litecoin price has significantly increased since the beginning of September, gaining as much as 35.4% from the September 1st, 2021 open. However, LTC price has topped out at $233 and now sees rising selling pressure.  If bulls cannot hold $200 as support, bears will likely gain… Source link

Bitcoin nursed losses Wednesday after plunging amid El Salvador’s troubled rollout of the largest cryptocurrency as legal tender. The virtual coin was trading near $46,260 as of 12:32 p.m. in New York, having slid as much as 17% a day earlier before paring some of the losses. The downdraft also swept across tokens such as Ether and Dogecoin, as well as the Bloomberg Galaxy Crypto Index. Source link

Nasdaq-listed company Microstrategy has avoided a “multi-billion dollar mistake” by choosing to invest in bitcoin instead of gold. The company now holds about 108,992 bitcoins. ‘Multi-Billion Dollar Mistake’ Avoided The Nasdaq-listed software company Microstrategy has avoided making a mistake that could have cost the company multi-billion dollars. CEO Michael Saylor tweeted Sunday: If I had chosen gold instead of bitcoin last year, it would have been a multi-billion dollar… Source link

Ethereum Falls 10% In Rout Investing.com – was trading at $3,534.87 by 10:50 (14:50 GMT) on the Investing.com Index on Tuesday, down 10.28% on the day. It was the largest one-day percentage loss since June 21. The move downwards pushed Ethereum’s market cap down to $429.82B, or 19.27% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $479.29B. Ethereum had traded in a range of $3,514.60 to $3,945.79 in the previous twenty-four hours. Over the past seven… Source link