The post What Happend in Crypto Market Today? appeared first on Coinpedia Fintech News
The crypto market continued to attract more speculative traders amid the recent spike of FOMO (fear of missing out). Nearly $500 million was liquidated from the cryptocurrency market, mostly involving long traders.
Bitcoin price slowed down on its bullish momentum in the past 24 hours, after Fed Chair Jerome Powell cautioned on lower chances of a rate cut in December. The ongoing correction in the Gold market significantly reduced the short-term confidence in the Bitcoin and the altcoin market.
As a result, Bitcoin price flashed a potential midterm correction to $85k as bulls caught their breath following last week’s imposing performance.
Top Movers in the Crypto Market Today
Bitcoin Whales Takes Profit
As Bitcoin price approaches a psychological resistance level around $93k, on-chain data shows whale investors have accelerated profit taking. For instance, the US spot Bitcoin ETFs wi
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