Tag: Crash

Crypto ‘Got a Passing Grade’ on the Weekend Crash: Bitwise CIO Matt Hougan

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The crypto market faced its biggest leveraged wipeout in history last weekend, but the turbulence won’t leave a lasting mark, according to Bitwise chief investment officer Matt Hougan. In a Tuesday blog post, Hougan described the sharp drop as “a blip” and not a big deal. He added that crypto “got a passing grade” in its handling of the sell-off. “Many DeFi platforms performed flawlessly: Uniswap, Hyperliquid, Aave and others reported no losses,” he wrote, while noting that Binance and some other exchanges faced issues. “Taken together, crypto did as…

Why This Resistance Could Trigger Another XRP Price Crash Soon

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A recent analysis by R. Linda on TradingView shows that the XRP price is facing a tough resistance zone after its recent recovery. The market is still showing signs of instability after earlier liquidations, and both XRP and Bitcoin are now moving into areas where another correction could happen. According to the analyst, XRP’s price movement is part of a broader correction phase following a strong sell-off. While there has been some recovery, the move appears weak, and a new drop may form if XRP fails to push above resistance. …

Exclusively obtained orderbook data reveals details about USDE crash

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The recent crash on Oct. 10 was the largest liquidation event in the crypto market’s history. More than $19 B was liquidated, according to CoinGlass data, leading to a $65 B decline in open interest. This number dwarfs other memorable liquidation cascades such as the COVID-19 crash with $1.2 B, or even the FTX collapse at $1.6 B in liquidations.  In the aftermath, consensus among investigators emerged that the event was at least partially caused by vulnerable pricing oracles on the Binance exchange. The collateral value of three pegged crypto…

Is BNB Price Going to Crash Again After a 12% Drop From All-time Highs?

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Key takeaways: BNB faces short-term correction risks but maintains a bullish macro structure. A bull flag is still in play, pointing to a BNB price target above $2,000.  BNB (BNB) has dropped 10% over the last 24 hours, reflecting the risk-off sentiment in the broader crypto market.  BNB/USDT daily chart. Source: Cointelegraph/TradingView With a 13% drawdown from its $1,300 all-time high reached on Monday, the question remains whether the upside is over for the Binance-linked token. BNB faces “overbought” risks The BNB/USD pair has hit multiple all-time highs since late…

XRP About To Stage A Repeat Of 2017? Here’s What Happened Last Time There Was A Flash Crash

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A crypto analyst has sparked fresh discussions on X social media after pointing out an eerie similarity between the current XRP price structure and its 2017 setup. Back then, the cryptocurrency experienced a sudden flash crash on Binance, dropping from $0.36 to $0.001 before soaring tens of thousands of percent to its all-time highs just weeks later. XRP Mirrors Flash Crash Setup From 2017 A new technical analysis by a crypto market expert known as ‘Guy on the Earth’ on X recalls December 2017, when XRP faced an alleged rug…

Binance Launches $45M Reload Airdrop After Record $20B Crash

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BNB Chain has launched a $45 million “reload airdrop” aimed at compensating users who suffered losses trading memecoins during Friday’s market crash. The initiative will distribute BNB (BNB) tokens to more than 160,000 eligible addresses, the network said Monday. Aidrops will begin this week and be completed by early November. BNB Chain is a blockchain network developed by Binance that is now maintained by a decentralized community. It powers the ecosystem’s native BNB token and supports applications across DeFi, gaming and digital assets. According to Binance’s founder and former CEO…

XRP Rises to $2.60, Paring Most Losses From Flash Crash: Is the Worst Over?

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Key takeaways: XRP rebounded 66% from $2.58 lows, adding $75 billion to its market cap amid a 35% volume surge and strong long positions. Oversold weekly Stoch RSI signals a potential bullish reversal. The XRP price must overcome resistance at $2.70-$2.96 before the next leg up. XRP (XRP) dipped below the $2 mark on Friday, hitting a 10-month low of $1.58 on Bitstamp after US President Donald Trump’s announcement of 100% tariffs on Chinese imports sent shockwaves across the crypto market. XRP price has, however, recovered most of its losses.…

BNB Hits Record High As Traders Blame Binance For Crypto Market Crash

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Binance’s ecosystem token BNB reached a new all-time high on Monday, outperforming the wider cryptocurrency market, which is still recovering from $19 billion in liquidations over the weekend. The BNB (BNB) token rose to a new all-time high of $1,370 on Monday, according to CoinMarketCap data, rebounding strongly after a weekend crash that triggered the forced liquidations across exchanges. The rally came despite heavy criticism from Binance users who blamed the exchange for contributing to the market chaos after technical glitches left traders unable to exit positions. BNB/USD, seven-day chart.…

Mantle, Ethereum L2s Outperform Crypto Rally After $19B Crash

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Ethereum scaling tokens outperformed most of the cryptocurrency market after the weekend crash, signaling stronger price resilience among layer-2 (L2) projects built on the world’s largest smart contract network. Ethereum layer-2 scaling solution Mantle (MNT) had a 31% rebound on Monday, becoming the third-biggest gainer among the 100 largest cryptocurrencies tracked by CoinMarketCap. The Arbitrum (ARB) and Immutable (IMX) tokens also registered double-digit gains, while the Polygon (POL) token had an 8% rebound in the 24 hours up to the time of writing. Some analysts are pointing to the MNT…

ETH Aims For $4.5K Just Days After Historic Flash Crash

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Key takeaways: ETH’s perpetual contract distortions are fading, with monthly futures signaling neutral conditions and reduced short-term market fear. Options markets show balanced demand between bullish and bearish strategies, reflecting a healthy derivatives market. ETH outperformed most altcoins during the crash and the following 48 hours, reinforcing its relative strength and bullish momentum. Ether (ETH) price reclaimed the $4,100 level on Sunday, easing some of the pain from Friday’s sharp 20.7% flash crash. The $3.82 billion in leveraged long liquidations left a lasting mark on ETH derivatives markets, but four…