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Hace 19 horas Crypto liquidations exceed $800 million over the past 24 hours, mostly from longs. Bitcoin dipped to nearly $104,000 Friday after setting a new peak just shy of $112,000 According to the official filing, the world’s biggest asset manager iShares Bitcoin Trust will use Coinbase Custody as its custodian. The said development managed to Shiba Inu, which returned to the top 10 largest digital assets by market cap on CMC earlier today, has soared by 9% in the past hour alone to over $0. . CoinGlass Less than a day back, BlackRock filed for a Bitcoin Exchange Traded Fund. According to the official filing The crypto market saw a sharp downturn as $566 million in liquidations wiped out positions within 24 hours. Major altcoins like XRP, Solana (SOL), Dogecoin

Crypto Market Surge: $56 Million Liquidated as Bitcoin, Shiba Inu, and Dogecoin Hit 6% Gains

The cryptocurrency market is experiencing significant volatility, with a notable surge in Bitcoin, Shiba Inu (SHIB), and Dogecoin (DOGE) triggering $56 million in liquidations within the past 24 hours. This comes amidst a broader market movement that saw liquidations exceeding $800 million recently, primarily affecting long positions. The market reaction follows news including BlackRock's Bitcoin ETF filing and increased institutional interest.

Bitcoin briefly dipped before recovering, showcasing its resilience. Meanwhile, Shiba Inu has seen a remarkable resurgence, soaring and breaking into the top 10 largest digital assets by market capitalization. Dogecoin is also experiencing positive momentum, contributing to the overall altcoin rally.

The recent volatility highlights the inherent risks in crypto trading. Market participants are closely monitoring these developments, particularly the influence of institutional investments like the iShares Bitcoin Trust, which will reportedly utilize Coinbase Custody. Traders should exercise caution given the potential for sharp price swings and liquidations. Stay updated on the latest crypto news and market analysis to make informed decisions.

Related: Bitcoin price, Shiba Inu news, Dogecoin forecast, crypto liquidations, BlackRock ETF, Coinbase Custody.

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