Bitcoin’s 24-hour range: $36,579-$41,962 (CoinDesk 20) BTC below the 10-hour but above the 50-hour moving average on the hourly chart, a sideways signal for market technicians.
Source: TradingView New all-time highs are again the topic of the day on Friday, the third straight day the price of bitcoin hit a record level.
The top three stablecoins – tether (USDT), U. S. dollar coin (USDC) and dai (DAI) – collectively have a market capitalization of $28 billion, much of which consists of tether – $22,916,992,958, according to CoinGecko.
At BitMEX alone, over $100 million in liquidations have occurred on the venue’s bitcoin market over the past three days, with $65 million buy liquidations signaling short-oriented traders got squeezed versus $42 million in the crypto equivalent of a margin call for long positions.
Ether futures at $3.7 billion in interest Ether (ETH) was down Friday, trading around $1,159 and slipping 6.5% in 24 hours as of 21:00 UTC (4:00 p.m. ET).