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Bitcoin Slides Toward $115K As $500M Liquidations Shake Market, Dogecoin Dives on Qubic Attack, Pump. fun Is Biggest Loser

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Bitcoin slid toward $115K as $500 million in liquidations shook the crypto market, Dogecoin tumbled on the Qubic community’s planned attack, and Pump.fun topped losers. After touching new all-time highs last week, BTC dropped to $115,297 at 4:47 a.m. EST after tumbling 2.3% in the last 24 hours.  Meanwhile the Dogecoin price slid 5% despite being up 10% in the last two weeks after the Qubic community voted to target it in their next 51% attack. The broader crypto market capitalization fell 3.4% to $3.96 trillion, signaling a sharp decline across major assets. CoinGlass data shows over $535.95 million was liquidated in the last 24 hours. Liquidation Data: Coinglass Bitcoin Price Slides Toward $115K As Crypto Market Cap Sheds $140 Billion Bitcoin dropped over 5% on the weekly timeframe and is likely to test key support at $115,000. BTC and major altcoins had a troubled time after hotter-than-expected US PPI data reignited macro concerns last week. After hitting ...

Bitcoin: Trader Earns 1228% Profit, Turns $167K To $2.2M

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For the first time since November 2022, Bitcoin rose above $21.4k. In fact, at one point on Monday, BTC was trading above all its major EMAs on the daily timeframe. BTC/USDT | Source: TradingView Also Read: Texas A&M University Launches Its “First Ever” Bitcoin Course Traders who had long position s opened managed to reap whopping profits. A recent tweet by analytics platform Nansen revealed that a Bitcoin trader became a millionaire, thanks to the latest surge. Chalking out how its official tweet revealed, “With a BTC long position on GMX, a trader turned $167K into more than $2.2M.” As shown below, the trader’s leverage stood quite high, at 140.36x. The position was opened at $18.1k, probably on January 12, 2023. Source: Nansen Also Read: Bitcoin’s Current Rise is a ‘Game Of Chicken’? Owing to the slight retracement noted by Bitcoin on the short timeframes, the $2.2 million had already shrunk down to $1.99 million at press time. Real-time d...