I'm still making some money from the drop trading futures
impperaddor
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I swear I tried to keep my $USUAL saved in earn. but these drops are destroying my wealth the other currencies dropped an average of 10%. Why did only $USUAL drop 20%? I'm tired of seeing my money being reduced I'm going to start trading with at least 50% of my $USUAL to try to reduce my losses
Fall in the crypto market causes investors to lose R$680 million in 24 hours
The loss occurred in the derivatives market, where investors trade options involving possible rises and falls in assets.
Despite the approval of ETFs, bitcoin has declined in recent days. Investors lost around US$138 million (approximately R$680 million, at current prices) in the last 24 hours amid a new downward trend in bitcoin and other cryptocurrencies. The loss occurred in the so-called derivatives market, in which future price contracts are negotiated involving possible increases or decreases in assets.
Data gathered by the Coinglass platform indicates that most of the losses with derivatives between last Sunday, the 21st, and this Monday, the 22nd, occurred in "long" positions, a term that refers to positions held by investors who believe that the The price of an asset will appreciate in the future.
In total, US$120 million in positions of this type were liquidated during the period, that is, they ceased to exist and their investors lost their value. At the same time, $18 million worth of short positions—expecting a drop in price—were also liquidated in the cryptocurrency market.
'Only two or three bitcoin ETFs are here to stay' in the US, says Grayscale CEO The losses coincided with a 2.5% drop in the price of bitcoin, which began to operate at a level below US$41,000 for the first time in weeks. The drop in the asset also pulls the price of other cryptocurrencies down, resulting in widespread drops.
In general, derivative positions are liquidated when investors do not have sufficient capital to support them. This is what usually happens in moments of abrupt falls or rises in the market. In recent days, bitcoin price volatility has risen again, favoring this type of movement.
Considering only bitcoin positions, around US$30 million was liquidated in the last 24 hours. Of this total, US$24 million were long positions.
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Solana makes official presence in Brazil and announces investment of R$50 million
Crypto organization that manages the Solana blockchain is present in eight countries.
The Solana Foundation, in the cryptoactive sector, announced investments of around R$50 million in Brazil in 2024. This January 1st, the organization will launch Superteam Brasil, to foster the developer community.
According to a statement, the Superteam platform creates learning and work opportunities for more than 700 members and 10,000 participants, present in eight countries. In Latin America, it is in Mexico and now also in Brazil.
Brazil is one of the main focus markets for Solana in 2024, along with the development of the protocol in the areas of tokenization, art, and Artificial Intelligence, says the note. “Our intention at the Solana Foundation is to have an increasingly smaller influence on the ecosystem and empower our community to lead the future of Solana”, declared the head of Latin America at Solana, Diego Dias.
The launch of Superteam Brasil will feature a summer and carnival campaign to select team members.
Solana Holds Steady Above $100; Will SOL Hit $130 Soon?
The cryptocurrency markets have started off the new year on a high note, with the majority of major digital assets seeing notable gains in the first few days of 2024 trading. One standout has been Solana (SOL), which has pierced through key resistance levels and surged over 15% within the past 48 hours. SOL has been one of the top performing crypto assets over the last quarter of 2023, skyrocketing more than 864% and giving bulls a solid foundation coming into the new year.After facing some selling pressure on January 1 that brought its price back down near the $100 level, enthusiastic buyers have quickly stepped in and pushed the token back above $108 at press time.Will Solana hit $130 soon?As seen in the price chart below, SOL has firmly held support around the $100 area for over a week now, finding dip buyers even amid bearish conditions in the broader crypto market.Of course, risks still remain for the volatile cryptocurrency. Some analysts point to deteriorating on-chain fundamentals, including decreasing network activity and token circulation on Solana, as potential headwinds. However, with positive sentiment clearly driving prices as 2024 kicks off, SOL seems poised to continue its parabolic rise.After its blistering rally over the past few months, a lot will likely need to go right for SOL to maintain its momentum. According to Changelly experts, Solana is likely to hit $130 on January 30, 2024. However, prices can fluctuate unpredictably depending on the whole market condition.#Solana.price.expectations #SolanaTrade
Solana makes official presence in Brazil and announces investment of R$50 million
Crypto organization that manages the Solana blockchain is present in eight countries. The Solana Foundation, in the cryptoactive sector, announced investments of around R$50 million in Brazil in 2024. This January 1st, the organization is launching the Superteam Brasil, to foster the developer community. According to a statement, the Superteam platform creates learning and work opportunities for more than 700 members and 10 thousand participants, present in eight countries. In Latin America, it is in Mexico and now also in Brazil. Brazil is one of the main focus markets for Solana in 2024, along with the development of the protocol in the areas of tokenization, art, and Artificial Intelligence, says the note. “Our intention at the Solana Foundation is to have an increasingly smaller influence on the ecosystem and empower our community to lead the future of Solana”, declared the head of Latin America at Solana, Diego Dias. The launch of Superteam Brasil will feature a summer and carnival to select team members. Copy the link below and stay up to date with everything that happens in the world of cryptocurrencies https://hometheory-ui.my.canva.site/investimentosemcriptomoedas#solana #btc
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