![]() ![]() Momentum is also seen when people head to work again after the holidays and crypto trading is expected to accelerate. Investors are now utilizing leverage and futures to purchase Bitcoin and other cryptocurrencies, a move that is seen to cause more volatility in the market.Ī Benzinga report, however, said that Dogecoin is starting to gain a "bullish look" especially by early next year, given that it would bounce off support levels at $0.15. They should be used to all the volatile behavior crypto tokens experience every now and then, and Tuesday is not an exception.Ĭrypto market leverage is worth investors' watch in the long-term, given how it intensify trading gains or losses. New Delhi: Prices of major crypto coins, including ethereum, Binance’s BNB, solana, cardano, and XRP, have fallen sharply, wiping around 200 billion from the combined crypto market in 24 hours. Inflation has been a major issue among many crypto investors, and with Fed action, Bitcoin holders would be pushed to sell their assets.īut despite this, investors need not worry about the current crash, since there is no major cause for it such as crypto scams. Federal Reserve looked at reducing bond buying in 2022 and have interest rates rise. The decline can also be a result of increased downward pressure on top cryptocurrencies that are considered as a hedge to inflation, as the U.S. Crypto Investors See Fed Inflation Move in Selloff Push This is considered the highest level of liquidation since December 2 and 3, when it hit $636 million and $1.58 billion, respectively.Īs a result, cryptocurrencies were not part of that year-end holiday rally that has lifted the more traditional assets such as stocks. Up to $374 million in long cryptocurrency positions have been liquidated as of Monday. In this case, when a broker or exchange spots that an investor has a leveraged position is encountering losses, liquidation would be mandated to prevent further losses. This crash can also be attributed to investors' rapid selloff just to liquidate their positions, The Motley Fool further stated. Read Also: Dogecoin Price Prediction: Can It Become the 'Currency' of the People After Ethereum Co-Founder Helps? The holidays from Christmas to the New Year's weekend has been typically a slow trading period, which could explain the drop due to the cryptocurrencies' volatility. As such, the entire crypto space shed a big chunk of its value, with global market cap falling three percent to $2.3 trillion since none of the tokens were spared. Dogecoin Price Crash Today Due to Slow Holiday TradingĮxperts point at a traditional slow week of trading heading towards the end of the year as the reason behind the free fall, the Motley Fool reported. Ethereum, meanwhile, took a 8.3-percent dive during the day before currently falling 6.01 percent to $3,805.71.īitcoin, on the other hand, sank by as much as 8.1 percent at one point on Tuesday before further dropping 6.06 percent to $47,692.56, based on ongoing price monitoring. ![]() The entire expedition lasted approximately 90 minutes.Dogecoin took a terrible beating on Tuesday, spiraling down in price in the high single digits along with Bitcoin and Ethereum.Īccording to CoinDesk real-time figures, the meme cryptocurrency plummeted 9.7 percent at a certain point Tuesday, and the Dogecoin price has slid 7.04 percent further later in the day to trade at $0.174921. It achieved supersonic speeds during its ascent and experienced moments of weightlessness at the peak of its flight, as it entered freefall and glided back to the spaceport for a runway landing. After reaching the designated altitude, VMS Eve released VSS Unity, allowing it to ignite its rocket engine and ascend directly upward, propelling it toward the outer realms.Īscending more than 80 kilometres above Earth's surface, VSS Unity reached the altitude recognized by the United States government as the edge of outer space. Similar to an aircraft, VMS Eve accelerated down the runway before ascending to an altitude exceeding 40,000 feet. The passengers boarded VSS Unity, which was securely attached beneath the wing of the enormous twin-fuselage mothership known as VMS Eve.Īlso Read: Indian-origin satellite expert Aarti Holla-Maini appointed as UN Outer Space Affairs director The journey unfolded in multiple stages, commencing at Virgin Galactic's spaceport in New Mexico. Nevertheless, future flights by Virgin Galactic are anticipated to encompass a diverse array of high-profile clientele. Unlike its competitor Blue Origin, founded by Jeff Bezos, this particular mission had a research-oriented focus rather than catering to celebrities and affluent thrill-seekers, according to CNN. ![]() Also Read: Black Hole at Heart of Our Galaxy Is on Crash Course, Space-Time Ripples Reveal ![]()
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