During the just ended weekend there was a risk of massive sell-offs in the crypto markets.
According to some predictions, it was thought that liquidations worth several hundred million dollars were imminent.
There is a huge #Bitcoin liquidation imminent!
Are you prepared? pic.twitter.com/etc5i9WoJ0
— Crypto Rover (@rovercrc) April 23, 2024
The narrowly averted risk and the level of crypto liquidations
Such predictions were based on the performance of the crypto markets in the previous weekend.
Indeed, on Friday 19th the price of Bitcoin had dropped below $60,000, but then recovered the following day after the halving had occurred.
On the same day the price of Ethereum had even dropped below $2,900, but then recovered on Saturday 20 thanks to the recovery of Bitcoin.
These levels were not reached again during the following weekdays, so some were expecting a possible retest during the just ended weekend.
According to some estimates, a return of the ETH price well b
We współpracy z: https://en.cryptonomist.ch/2024/04/29/crypto-settlements-risk-avoided/
