Tezos sees sharp price spike, triggering 937% volume rise
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
At the time of writing, XTZ was up 7.36% in the last 24 hours to $0.703. This is significant as the majority of cryptocurrencies are still sustaining losses due to yesterday's sell-off. Tezos fell to $0.636 in yesterday's trading, where it found immense support. Tezos rebounded sharply as a result, reaching highs of $0.742 in today's trading.
Although the precise reason for the pump is unknown, the sharp price move mimics that of a short squeeze—a rally spurred by the unwinding of short bets. However, derivative data makes one think less so.In the last 24 hours, Tezos saw $553,050 worth of liquidations, with $261,100 of that representing short liquidation. Long positions saw even larger liquidations at $291,880.to $106 million worth, or 148,742,414 XTZ. Tezos even saw a larger derivatives volume spike of 2,340.37%, with $244.
In a new tweet, Tezos made an announcement regarding complimentary digital memorabilia ahead of an impending Manchester United game. Club Memorabilia is powered by Tezos. Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goosebumps Clip Shows Why a Haunted House Isn’t a Good Place for a PartyDisney+ has dropped the first Goosebumps clip from its upcoming series adaptation of R.L. Stine's best-selling horror novel series.
Read more »
Parents say they're struggling with their own mental health amid a growing youth mental health crisisData shows parents struggling with mental health at nearly same rate as teens.
Read more »
San Antonio community shows unity for those hurting in Israel-Gaza conflictSan Antonio community members gathered in solidarity and prayer in support of Israel at Temple Beth-El on Monday night.
Read more »
The Blood of Exceptionally Long-Lived People Shows Key DifferencesThe Best in Science News and Amazing Breakthroughs
Read more »
49ers' Kittle shows off 'F—k Dallas' undershirt at end of routAfter a Jordan Mason touchdown put the Niners up 42-10, Kittle was spotted in a fan TikTok showing off an undershirt made famous by former Niner Gary Plummer.
Read more »
Ana De La Reguera: The Nacho Libre Actress' 10 Best Movies & TV ShowsAna de la Reguera is best known for her role in Nacho Libre, but the actress has appeared in many notable TV shows and films over her career.
Read more »