• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$21,444.000.660%
    BITCOIN
    24H : 0.660%
    Volume : $16,233,490,504.00
    Marketcap : $409,041,693,289.00
  • ethereumEthereum(ETH)$1,242.651.02%
    ETHEREUM
    24H : 1.02%
    Volume : $11,806,400,350.00
    Marketcap : $150,758,890,627.00
  • binancecoinBNB(BNB)$239.12-0.83%
    BNB
    24H : -0.83%
    Volume : $847,834,105.00
    Marketcap : $39,054,230,380.00
  • rippleXRP(XRP)$0.366-0.26%
    XRP
    24H : -0.26%
    Volume : $845,247,933.00
    Marketcap : $17,705,852,133.00
  • cardanoCardano(ADA)$0.498-0.78%
    CARDANO
    24H : -0.78%
    Volume : $630,388,288.00
    Marketcap : $16,835,867,213.00
  • solanaSolana(SOL)$42.07-0.43%
    SOLANA
    24H : -0.43%
    Volume : $1,292,389,102.00
    Marketcap : $14,415,109,514.00
  • polkadotPolkadot(DOT)$8.10-1.58%
    POLKADOT
    24H : -1.58%
    Volume : $306,023,206.00
    Marketcap : $9,111,784,328.00
  • dogecoinDogecoin(DOGE)$0.0681.42%
    DOGECOIN
    24H : 1.42%
    Volume : $376,051,535.00
    Marketcap : $9,051,428,405.00
  • shiba-inuShiba Inu(SHIB)$0.0000126.61%
    SHIBA INU
    24H : 6.61%
    Volume : $977,467,692.00
    Marketcap : $6,887,074,155.00
  • avalanche-2Avalanche(AVAX)$21.252.96%
    AVALANCHE
    24H : 2.96%
    Volume : $495,329,524.00
    Marketcap : $5,993,419,818.00
  • terra-lunaTerra(LUNA)$0.000071-5.71%
    TERRA
    24H : -5.71%
    Volume : $134,734,814.00
    Marketcap : $768,841,921.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

The crypto market reverses its losses, gaining over $100 billion in 24 hours as Bitcoin rises above $40,000


April 26, 2022 · By MATheGooner
Avalanche (AVAX), Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), Solana (SOL), Terra (LUNA)

The cryptocurrency market looks to have redeemed losses from less than 24 hours ago with over $100 billion inflows, following the Bitcoin price trend, which rose back above $40,000. 

Bitcoin is back on track after falling below the psychological price of $40K over the weekend. Bitcoin (BTC) rose from $38,200 to $40,754 on Bitstamp on April 26, a four-day high, according to TradingView.

The flagship cryptocurrency started rallying around 12 p.m. (UTC) on Monday, erasing the intraday loss completely, which was a welcome change from the gloomy atmosphere over the weekend. 

The sell-off was accompanied by fear, and the market eventually became oversold, resulting in a reversal that saw over $100 billion flow into the crypto market cap, which increased from $1.73 trillion to a peak of $1.846 trillion in less than 24 hours, representing a total of $116 billion, according to TradingView data.

The vast majority of other big cryptocurrencies are also performing strongly. Solana (SOL), Polkadot (DOT), Terra (LUNA), and Avalanche (AVAX) have all climbed 5%, 4%, 10%, and 5% respectively, in the last 24 hours.

Speculators betting on the price of Bitcoin and other cryptocurrencies plummeting in recent hours triggered a wave of large short order liquidations, with nearly 82 percent of shorts liquidating on exchanges, according to Coinglass statistics.

The liquidation clusters of shorts resulted in 38,509 traders liquidating across the cryptosphere in less than 24 hours, bringing the total value liquidated to around $194.25 million.

The market’s turnaround can be linked to relief in the global equity market following news that Tesla and SpaceX CEO Elon Musk is on the verge of taking over social media giant Twitter. 

Elon Musk has become a household name among those with even a casual interest in cryptocurrency. The billionaire who is attempting to ferry people to Mars has been shaking up the crypto industry with his witty tweets.

He’s a well-known blockchain aficionado, and crypto traders reacted positively to his takeover. He is also known as the most prominent Dogecoin fan. The meme token rose nearly 40% from its intraday low. Twitter (TWTR) futures also saw a 6.48 percent spike in trading.

Primary Sidebar

LATEST NEWS

Charles Hoskinson proposed software-enabled crypto self-regulation to the US Congress committee

June 24, 2022

The cryptocurrency market has seen inflows of $100 billion since Bitcoin fell below $18,000

June 23, 2022

Solana Labs unveils web3 based and crypto native smartphone

June 23, 2022

Charles Hoskinson is set to speak about blockchain before US Congress committee

June 22, 2022

Cardano delay the Vasil blockchain upgrade by one month, highlighting the need for caution

June 22, 2022

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • Cardano launches EVM sidechain application for developers to facilitate network interoperability June 25, 2022
  • Charles Hoskinson proposed software-enabled crypto self-regulation to the US Congress committee June 24, 2022
  • The cryptocurrency market has seen inflows of $100 billion since Bitcoin fell below $18,000 June 23, 2022

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Cosmos (ATOM) COTI (COTI) Decentraland (MANA) DeFi Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2022 · Today in Crypto · Terms & Privacy · Log in