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Cryptocurrency News Articles
Rollblock (RBLK) Enters Presale Stage 7, Captivates Over 16,000 Users
Sep 29, 2024 at 09:00 pm
Rollblock (RBLK), an Ethereum-based iGaming provider, has captured the attention of over 16000 users as it enters Stage 7 of its presale.
A large Ethereum (ETH) liquidation has taken place during the Genesis Trading bankruptcy. Over the last week, an anonymous creditor sold 12,100 ETH, an action that has influenced Ethereum’s market, sparking concern among investors.
As reported by Wu Blockchain, this creditor had previously bought 114,502 ETH in August, valued at $358.19 million. Now, their actions are creating instability in the ETH market.
Large sales like this can create volatility, with experts warning of potential price drops for Ethereum as panic selling may occur in response.
Could Bitcoin (BTC) Holders Be Selling To Buy Rollblock (RBLK)?
Over $1.28 billion in Bitcoin was sold during a sudden surge in selling pressure. The market had been stable until this sell-off hit.
According to data from Coinglass, this sell-off occurred over a few hours on September 24. Platforms like Binance saw a sharp drop in open interest. Many traders took long positions as Bitcoin hit $64,800. This made things worse.
Traders were overly optimistic, hoping for a breakout, leading to a rush of long positions. When Bitcoin failed to keep up the bullish momentum, optimism turned into fear. The sell-off wiped out about 4,000 BTC in Binance futures.
This added to the market’s bearish mood. The drop in open interest shows that leveraged positions were being closed.
Too many leveraged long positions made the market fragile. A small price drop caused many liquidations. As a result, Bitcoin’s price fell faster and harder than expected.
The $1.28 billion sell-off and drop in open interest raised questions. Large investors, or whales, may be taking profits at resistance levels like $64,800.
These whales often sell when the market is strong. They know many traders are overleveraged, so they sell at higher prices.
While some Bitcoin holders face selling pressure, others are turning their attention to Rollblock (RBLK).
Rollblock (RBLK) investors have already seen returns of over 200% on their initial investment during the first stage of the $RBLK presale.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- GoodEgg (GEGG) Surges by 213% While Ethena (ENA) Drops 2.9%
- Sep 30, 2024 at 12:15 am
- The cryptocurrency market is known for its rapid shifts in momentum, and this week has been no different. While Layer-2 crypto project GoodEgg (GEGG) has surged by a staggering 213%, Ethena (ENA), a DeFi protocol, has experienced a 2.9% drop in price. The contrasting performance of these two tokens highlights the volatility and potential rewards — and risks — within the crypto space. Let’s explore why GoodEgg is gaining ground while Ethena is struggling to maintain momentum.
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- GoodEgg (GEGG) vs. Bittensor (TAO): The Battle for Decentralized AI Supremacy
- Sep 30, 2024 at 12:15 am
- In the fast-paced world of cryptocurrency, competition is fierce, and only the most innovative projects rise to the top. For years, Bittensor (TAO) has been recognized as one of the top decentralized AI cryptocurrencies, but a new contender has emerged to challenge its throne—GoodEgg (GEGG).
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- MANTRA, Sui, Bluzelle, Self Chain, Hamster Kombat, LayerZero, Ice Open Network, Bittensor, enqAI, Kaspa, SPX6900, Catizen, Neiro, Sei, Celestia, Pendle, Dogs, Turbo, Artificial Superintelligence Alliance, Ondo, Render, Aerodrome Finance, Pepe, Popcat
- Sep 30, 2024 at 12:15 am
- The Bitcoin and altcoin market continues to be an area that attracts investors' attention with its constantly changing dynamics. According to the data