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Crypto traders lost over half a billion dollars in market crash

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In the last 24 hours, nearly 160,000 cryptocurrency traders lost over $500 million to liquidations as the market crashed. The hit came as Iran launched a new and heavier attack with 180 ballistic missiles against Israel on October 1. Notably, 86.5% of these liquidations were from long positions, totaling $466.79 million out of $539.63 million. During the high volatility period, 159,793 crypto traders had their positions liquidated. In particular, a single trader from Binance lost $12.66 million in the Bitcoin (BTC) pair against Tether USD (USDT). Bitcoin alone lost $143.48 million in liquidations during the crash, which sent its price down to $60,170. Picks for you AI predicts Bitcoin price for October 31, 2024 18 mins ago Bitcoin price fa

Dogecoin Surges 7% as Traders See Pathway to $1 DOGE

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In what has been an impressive rebound for the crypto, Dogecoin has surged as much as 7% in the last 24 hours as traders are beginning to see a pathway to a $1 DOGE. The leading meme coin has bounced back tremendously well from Monday’s market crash. Now eyeing significant gains this year. Positive sentiment could be set to drive the asset the rest of the way. Specifically, DOGE’s continued connection to Elon Musk and his X platform have some investors dreaming big. The question is, can the asset be in a position to make the most of any incoming surge? Source: Watcher Guru Also Read: Dogecoin Forecasted To Hit $2, Here’s When DOGE to $1? Its Improbable Comeback Fuels Renewed Hope At the start of the week, the meme coin sector was hit hard by a massive market crash. Yet, the recovery has been impressive. Among the best bouncebacks have been Dogecoin, which has surged as much as 7% and has reignited the $1 dream for DOGE holders. The asset is currently trading at $0.10, and still down mo