The First Crypto Correction Has Arrived

The first liquidation in the crypto market is a reality, just before Bitcoin reached $100,000.

 

About $500 million disappeared from the crypto market, with 75% of the losses coming from closing long positions, as many investors seem to be satisfied with the returns they achieved. The largest liquidations were seen on the Binance platform, showing that the hit was small compared to the expectations for $100,000.

 

The big loser in this correction is definitely XRP as it lost about 10% of its value in one day.

 

Speaking of technical analysis, Bitcoin is at 28% of the cycle high for the 50-day moving average. A jump to 40% would perhaps bring stabilization to new levels and what we will see from here on….

 

Our company, BCASH™, is a licensed Greek company by the Hellenic Capital Market Commission (exchange license) and manufactures/operates cryptocurrency ATMs throughout Greece. One of the locations is at Evosmos, Thessaloniki, Greece, while you can find all the locations where our ATMs are placed at https://bcash.eu/en/locations

 

Almost all of the spaces are private and autonomous with high-security standards. Most of the locations offer free wireless internet connection.

 

At BCASH™ ATMs, you can buy and sell cryptocurrencies at the best market rate, such as Bitcoin | Ethereum | USDT | Litecoin | Dash | XRP | XLM.

 

If you have any questions, you can contact our customer support service at +30 6987812000 & +30 6998499499 (Viber, Whatsapp, Telegram supported).