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ATOM Token Soared around 10%
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Bitcoin Whales Gain Advantage Of Crypto Market Dump
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Will Ripple ( XRP ) Rise ??
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Arbitrum (ARB) hits all-time low The price of Arbitrum (ARB) fell more than 28% in the last 24 hours and reached a new low. Meanwhile, crypto market leaders bitcoin (BTC) and Ethereum (ETH) also sagged to local lows due to today's cryptocurrency market events At the time of writing, the altcoin is trading at $0.44. This is the all-time low in the value of Arbitrum (ARB). Arbitrum is falling and traders are selling out Arbitrum (ARB) has an interesting dynamic: the token is falling in price, but the daily trading volume has increased sharply. In this case, it most likely indicates that many investors are selling the asset due to negative news or a general decline in the market. The opposite movements of ARB's price and its trading volume create a negative divergence, indicating a significant bearish bias towards the second-tier token. ARB's significant drop of nearly 28% over the past 24 hours has also affected activity in the derivatives market. Trading volume soared more than 200% during the period under review. At that, the open interest (OI) decreased by 30%. Thus, the OI on ARB futures at the time of writing is $109 mln. The indicator is at its lowest level since October 2023. This suggests that many market participants are leaving the ARB futures and options market to avoid further losses. In addition, the price drop has caused a surge in liquidations of long positions. According to Coinglass, forced ARB longs liquidations reached $2.01 million at the time of writing. The last time such a high level of daily forced liquidations was seen on June 7. $ARB
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What are P2P Platforms for P2P platforms (peer-to-peer) are designed for direct cryptocurrency exchanges between users without intermediaries such as banks or centralized exchanges. They allow users to trade directly, reducing the risks associated with third-party trust and lowering transaction fees. Users can use various payment methods such as bank transfers, e-wallets, cash, and gift cards, making trading more accessible. P2P transactions provide a higher level of privacy as users can choose who to trade with and avoid disclosing personal information. These platforms enable people from different countries to trade with each other, overcoming the limitations of national financial systems. Transactions on P2P platforms can be completed faster as they do not depend on the operation of banking systems or other intermediaries. Users can choose from a variety of offers with different conditions, rates, and payment methods, allowing them to find the most favorable options for buying or selling cryptocurrency. $BTC
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