Recent developments have disappointed Bitcoin investors who were expecting a surge, while famous football player Neymar has reportedly lost all the money he earned from football.
The cryptocurrency world, which began the new year with an erratic graph, had pinned all its hopes on a FED interest rate cut, focusing on the last months of the year with the hope of monetary expansion. However, market makers continue to leverage these hopes to their own benefit.
Bitcoin Price Crashes, Neymar Goes Bankrupt
Bitcoin, which refreshed its record by climbing above $124,000 on the back of the FED interest rate cut expectation, has been on a downtrend ever since. Despite record inflows into Institutional ETF assets, it saw only a temporary rise during the FED week before returning to the trend following the rate decision.
Significant drops have been experienced since the beginning of this week. The tension between NATO and Russia on one side, and the noticeable focus of Binance’s former founder CZ on the decentralized leverage market, promoting the Aster platform, on the other side, caused a massive amount of liquidity to flow there. This deepened the downturn.
Bitcoin experienced a drop of approximately 15% from its peak, testing below $109,000. Ethereum fell below $3,900. In 24 hours, $1 billion in futures positions were liquidated. The most interesting news of the day was that the famous football player Neymar, known to be a trader, had $36 million of his money evaporate on a leverage exchange during the Ethereum dip. It is reported that a total of approximately $145 million of Neymar’s wealth has been liquidated in the downtrend.
You Might Also Like;
- We Selected 10 Series Similar to Stranger Things for Those Who Love It
- Where and How is Silver Used in Electric Vehicles?
- Hyundai Unveils Its Multi-Purpose Wheeled Robot
Follow us on TWITTER (X) and be instantly informed about the latest developments…
