Crypto users have seen major changes recently. Bitcoin’s price saw sudden swings, resulting in $285 million in crypto liquidations for traders. Meanwhile, Coinbase announced it would end its Paycheck Direct Deposit service soon, leaving many users worried about interruptions to their regular crypto investments.
During this volatility, traders in major crypto markets are turning to Plus Wallet. Its cross-chain compatibility and strong security features have made it one of the top-ranked NFT crypto wallets in the U.S. and UK. As traders look for more secure and flexible solutions to navigate the market, Plus Wallet is meeting this demand perfectly.
Bitcoin Traders Hit With Massive Crypto Liquidations
Recently Bitcoin’s price jumped close to $68,000 before quickly dropping back to just above $65,200. This wild swing led to major crypto liquidations for both long and short-position traders.
Approximately $130 million in short positions were wiped out. Long positions faced even greater losses at around $155 million. Overall, about $285 million in liquidations occurred within a day. The price movement is partly due to strong interest in new Bitcoin exchange-traded funds (ETFs), which attracted over $556 million in-inflows last week
Coinbase News: Paycheck Direct Deposit to End Soon
In the latest Coinbase news, the exchange announced that it will end its Paycheck Direct Deposit service on November 25. The service enabled users to deposit a portion of their paycheck into crypto. The sudden change has led to complaints, as many users relied on the feature for steady crypto investments.
Coinbase plans to introduce a new Wallet Direct Deposit feature soon, letting users deposit directly into their Coinbase Wallet to manage crypto more easily. However, since no launch date is set, there may be a gap between the two services. This has left users worried about interruptions in their regular crypto deposits.
Plus Wallet: The Go-To for Crypto Flexibility
Plus Wallet has seen rapid growth in important crypto markets like the U.S. and UK, thanks to its versatile and easy-to-use features. Its cross-chain compatibility lets users access multiple blockchains from a single platform, allowing them to swap and manage various cryptos efficiently. This feature is particularly attractive to NFT enthusiasts, as it gives them the flexibility to explore digital assets across different networks.
The recent rise in hacking has made security a major concern for users. Plus Wallet addresses this offering strong security features alongside its versatility. It uses advanced encryption to protect assets and stores private keys locally on users’ devices, giving them full control over their assets. Users also have the option of two-factor authentication for added security.
Plus Wallet’s easy setup and straightforward interface make it perfect for beginners, resulting in increased popularity in emerging markets as well, where many are new to digital finance. Meanwhile, advanced users appreciate its cross-chain compatibility, as they can manage both NFTs and cryptos without needing multiple wallets.
This combination of security, flexibility, and accessibility has positioned Plus Wallet as a top-ranked option in both key and emerging crypto markets. It provides a reliable way for all kinds of crypto users to manage their digital assets effortlessly.
Summing Up
Bitcoin’s recent crypto liquidations impacted both bullish and bearish traders. However, interest in the coin is still strong, with investors putting in millions after news of Bitcoin ETF approvals. Likewise, users disappointed by Coinbase’s news are now eagerly awaiting the launch date of its wallet deposit service.
Meanwhile, Plus Wallet has made a strong impression on traders. Its strong security, simplicity, and flexibility are attracting both experienced users and beginners. Now among the leading NFT crypto wallets in the U.S. and UK, Plus Wallet has become a top choice for those seeking an all-around crypto solution.
Explore Plus Wallet:
Website: https://pluswallet.app/
Download: https://onelink.to/pluswalletapp
Twitter: https://x.com/pluswalletapp
Instagram: https://www.instagram.com/pluswallet.app/
