The cryptocurrency market experienced a sudden drop, leading to the liquidation of over $348.98 million in the last 12 hours. Bitcoin and Ethereum led the market drop, with long positions worth over $309 million being liquidated. Analysts attribute the correction to the market alleviating pressure following the impressive surge in prices, signaling a natural part of market dynamics. This sudden drop resulted in over $396 million in liquidations in the last 24 hours, with the bulk of it coming from long positions.
Cryptocurrency as we know it today was invented with the creation of Bitcoin. Bitcoin was introduced in a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" by an anonymous person or group using the pseudonym Satoshi Nakamoto in October 2008. The Bitcoin network and the first Bitcoin transaction took place in January 2009, marking the beginning of the cryptocurrency era.
SEC faces another loss as XRP holders never lost money to Ripple Following the Second Circuit's ruling in Govil's lawsuit, legal experts pro-XRP speculate that the SEC could potentially suffer another defeat from Ripple at the trial stage. Prominent XRP lawyers took to Platform X to discuss the implications of the Second Circuit's decision in the SEC's ongoing litigation against Ripple. $XRP #xrp
NEW - Michael Saylor on Bloomberg: Once spot #Bitcoin ETFs are approved it will "open up the gateway for mainstream retail and institutional capital to flow" 🚀
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