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Bitcoin and altcoins took a hit, but derivatives data reflects a calmer market
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Looking at the winners and losers of the past week clearly shows that traders endured some serious heat as the total crypto market capitalization dropped by 12.7% when Bitcoin fell to $41,000. This sharp downside move knocked the figure from $2.37 trillion to $1.92 trillion on Dec. 3 and a total of $2 billion long future contracts were liquidated.
Bitcoin (BTC) price retraced 14.6% over the past week, effectively underperforming the broader altcoin market. Part of this unusual movement can be
Read more on cointelegraph.comAbout this in other media
China housing market slumps again as another developer runs into trouble theguardian.com /3 years ago
Data suggests traders view $46,000 as Bitcoin’s final line in the sand cointelegraph.com /3 years ago
2 key Bitcoin trading metrics suggest BTC price has bottomed cointelegraph.com /3 years ago
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