Features Crypto News by Thebittimes.Com

Bitcoin rose to a new all-time high above $82 on November 11, 2024 Over 40,000 Bitcoin valued at nearly $3.28 billion have left exchanges in the past week. The price of Bitcoin (BTC) has climbed to a new record high above $82,000 as the momentum that pushed cryptocurrencies higher continues to dictate sentiment. On Monday, BTC reached highs of $82,329 across major exchanges to put the flagship digital asset up more than 20% over the past week. The gains have also impacted altcoins, with notable performances for Ethereum that has crossed above $3,100 and Solana that’s eyeing a new year-to-date high. Cardano, BNB and meme coins Dogecoin and Shiba Inu are also trading higher. Over 40,000 BTC leave exchanges According to crypto analyst Ali Martinez, Bitcoin’s spike to the new ATH comes as the amount of BC leaving exchanges surges. In the past week, Ali noted via X, bullish BTC holders have withdrawn over 40,000 bitcoins from exchanges. This represe...

On December 26, Finbold posted a short squeeze alert for January 2024, warning for massive possible liquidations early this month. In particular, Bitcoin (BTC) and Ethereum (ETH) were the forecasted top candidates for this speculated event, now proven accurate. The short squeeze happened as expected, driving Bitcoin’s price to new multi-year highs above $45,900 on January 2. Ethereum was traded as high as $2,446 after Finbold’s alert, for a 10% surge one day after publishing. Interestingly, it was a similar increase to BTC’s in a week — from publishing the alert to today’s highs. In this context, the price action liquidated 62,258 traders in the last 24 hours, for a total of $205.73 million in liquidations.  A total of $127.13 million (61.7%) came directly from short positions, causing what is known as a short squeeze . Notably, one short -seller on Binance lost $10.16 million in a single liquidation with the BTC/USDT pair, according to CoinGlass data. Liquidation ...

Celsius Recovery Distribution Plan Celsius Network has devised a comprehensive re cover y distribution plan that aims to provide maximum returns to its creditors. Under this plan, the majority of creditors will receive distributions in the form of three primary assets: liquid cryptocurrencies (BTC and ETH), NewCo Common Stock, and Litigation Proceeds. advertisement Claims will be listed in U.S. Dollars (based on Cryptocurrency prices on the Petition Date) on your Ballot and not in the types or amount of Cryptocurrency associated with your Claims. Earn Creditors will get 36.4% of their liquid cryptocurrencies based on the USD value on petition date (July 13, 2022) . -Celsians Network, June 27, 2023 Earn Creditors, a particular group within the creditor base, will receive a re cover y based on the value of their liquid cryptocurrencies on the petition date, July 13, 2022. Since it set at at 36.4% of the USD value, the subsequent increase in Bitcoin and Ethereum ...