- Wealthcamp
- Posts
- Crypto Crash: $1.7 Billion Disappears Overnight!
Crypto Crash: $1.7 Billion Disappears Overnight!
Could the predicted pull back now unlock further gains?
Rich Webb
December 10, 2024 • Read Time: 8 minutes
In partnership with
Hands Down Some Of The Best 0% Interest Credit Cards
Pay no interest until nearly 2027 with some of the best hand-picked credit cards this year. They are perfect for anyone looking to pay down their debt, and not add to it!
Click here to see what all of the hype is about.
In a startling turn of events, the crypto frenzy caught its breath as a jaw-dropping $1.7 billion vanished into thin air overnight.
Bitcoin, once soaring majestically above the psychological $100,000 mark, found itself wallowing at $94,100, dragging altcoins like XRP, DOGE, and ADA into the abyss with double-digit losses.
Could the curious introduction of Google’s quantum computing chip or cryptic rumors of Bitcoin transactions linked to Bhutan be the culprits for this plunge? Let's dive in!
Crypto market plummets; Bitcoin and major altcoins suffer huge liquidations, wiping out $1.7 billion. — Read More
Crypto crashes as broader sector declines sharply, with Bitcoin retreating over 5% in 24 hours. — Read More
Eric Trump envisions regulatory transformation to position the US as the crypto industry hub, following Bitcoin's surge. — Read More
Bank of England explores zero-knowledge proofs and other privacy tech for digital pound data protection. — Read More
Coinbase tackles criticism over account restrictions, attributing the issues to increased fraud prevention efforts following user spikes. — Read More
India leads in crypto adoption but stablecoin acceptance is challenged by high taxes and regulations. — Read More
Argentina's CNV approves U.S. crypto ETFs, allowing access to Bitcoin and Ethereum spot ETFs. — Read More
London-based GFO-X partners with financial giants for its crypto derivatives trading platform, set to launch in 2025. — Read More
CoinMarketCap introduces CMC100 Index tracking top 100 cryptocurrencies, refreshed every five minutes, rebalanced monthly, and excluding stablecoins. — Read More
If you survived the last 12 hours in the market, GG, many didn’t
Liquidation events like this happen every so often during a bull run
They’re necessary. Over-leveraged traders get flushed out, and the market resets
The key is to remember one thing: don’t get carried out on a… x.com/i/web/status/1…
— Milk Road (@MilkRoadDaily)
1:00 PM • Dec 10, 2024
BREAKING: Over $1.5 billion has been liquidated from the market in the last 24 hours
Over $820 million within the past hour alone😳
— Milk Road (@MilkRoadDaily)
9:41 PM • Dec 9, 2024
Bitcoin's Short-Term Bearish Trend vs. $114K Target
Bitcoin price drops below $100K, but analysts maintain $114K target remains achievable.
Bitcoin Slips Below $100K After Profit-Taking Spree
Bitcoin briefly surpassed $100,000 but fell as long-term holders took profits, leading to a significant market correction.
Bitcoin Dips as Crypto Market Faces Strong Pullback
Bitcoin slides below $96,000 amidst market-wide sell-off, triggering $1.75 billion in liquidations.
MicroStrategy Expands Bitcoin Stash with $2.1B Purchase
MicroStrategy purchases 21,550 BTC for $2.1 billion, now holding 423,650 bitcoins valued at $42 billion.
Riot Platforms Targets $500M Funding for Bitcoin Boost
Riot Platforms aims to raise $500 million through convertible notes to expand its Bitcoin holdings.
BREAKING 📰🚨
#Bitcoin has formed another higher low, maintaining its "uptrend" status.
#BTC $BTC 🔗kraken.pxf.io/3e41Mr
— Kevin Svenson (@KevinSvenson_)
9:26 PM • Dec 9, 2024
Ethereum Eyes $4,000 as Analysts Predict New Highs
ETH tests $4,000 resistance with analysts predicting potential highs of up to $11,400, fueled by institutional interest and increased on-chain activity.
Ethereum Faces Resistance While Recovering
Ethereum is struggling below key resistance levels, with support at $3,600 critical for potential recovery.
Justin Sun's Ethereum Sell-Off Amid $4,000 Rally
Justin Sun's $119 million Ethereum sell-off sparks debate amidst $4,000 rally, raising strategy questions.
Ethereum Leads $3.85B Crypto Inflow Surge
Ethereum attracts impressive $1.2B, while total crypto inflows hit a record $3.85 billion, stunning the market.
Ethereum Retraces After $4,000 Rejection, History Hints at Future Gains
Ethereum price dips 4% post $4,000 resistance, historical trends suggest bullish future possibilities.
HBAR Price Awaits Directional Breakout After Consolidation
HBAR enters corrective pattern after bullish rally, directional breakout anticipated amidst descending triangle formation.
AVAX Price Struggles Below $54
AVAX faces resistance under $54, pointing towards a potential deeper correction.
Whale Activity Bolsters XRP Amid Price Fluctuations
XRP drops to $2.22, while whales purchase 120 million tokens, signaling potential bullish surge.
AI Crypto Market Plunges Amid Nvidia China Probe
AI tokens dive 14.6% as China investigates Nvidia over anti-trust concerns.
Trump Appoints Pro-Crypto Leaders for SEC and Crypto Czar Roles
Paul Atkins as SEC Chair and David Sacks as Crypto Czar hint at crypto-friendly US regulations.
Russian MP Proposes National Bitcoin Reserve
Russian lawmaker suggests Bitcoin reserve to counter sanctions, enhance financial stability.
Ripple CEO Discusses Crypto's Political Impact on 60 Minutes
Ripple's Brad Garlinghouse highlights crypto's election influence and legal battles with the SEC, XRP price surges to $2.90.
Coinbase CEO Slams SEC's Caroline Crenshaw
Armstrong criticizes Crenshaw's stance on Bitcoin ETFs during her SEC renomination vote, suggesting she's worse than Gensler.
Iran Unveils Crypto Regulatory Framework
Iran's government plans to regulate cryptocurrencies to mitigate economic challenges and leverage digital assets.