Posts by Hakan Ateşler

Homepage / Posts by Hakan Ateşler

Bitcoin suddenly dropped below $61,000: What’s the reason for the sell-off?

Bitcoin fell below $61,000 following the announcement of Mt. Gox, which was hacked in 2014 and announced that it would start payments 10 years later. Gox’s announcement, it fell below $61,000. It was also noteworthy that the drop came in seconds, not immediately after the announcement, but about 15 minutes later.

Bitcoin slump wipes out $155 million long position

Bitcoin’s fall to $62,250 on Monday morning led to deep losses in the cryptocurrency world. The value of long positions liquidated in the last 24 hours exceeded $155 million, compared to $50 million for Bitcoin positions and $28 million for Ether positions.

New Ether ETF notification from Grayscale to SEC

In an update to the SEC regarding the Ethereum spot ETF, Grayscale also sent a letter to the agency stating that a fund without staking would have a much greater disadvantage than other funds without these restrictions or real Ether investments.

CryptoQuant CEO: “Altcoin season begins”

Ki Young Ju pointed to the MVRV indicator in Ethereum in this period when the price of Bitcoin dropped almost $1000 every day and altcoins melted more. “We’re entering early alt season” Ju said.