NOT Coin and Storm of Rise in 7 Cryptos: Millions Liquidated!

2024-07-07 00:46:11

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The cryptocurrency market has experienced active days on the weekend. The rise in Bitcoin also had a positive impact on altcoins. The overall market activity excited investors. It is worth noting that while NOT coin, CRV, and much more were rising, there was a significant amount of liquidation of positions.

NOT coin and flights have started in cryptocurrencies

According to market data dated July 7, Bitcoin price recorded a significant increase. Bitcoin, reaching the level of $58,000, made investors happy. Following this increase, a general recovery was seen in altcoins.

Rising star, NOT coin: According to market data on July 7th, NOT rose above $0.015 and is currently trading at $0.01538, up 51% in the last 24 hours.
Bake price soared: Bake is trading at 0.264 dollars with a 25% increase in the last 24 hours.
A storm with a 12% increase in the W price: The W token, which has gained 12% in the last 24 hours, is currently being bought and sold at 0.288 dollars.
A solid step of 10% in CRV: The Curve DAO token, CRV, is trading at $0.26, up 10% in the last 24 hours.
OP price reached an increase: Optimism token OP has gained 10% in the last 24 hours and is currently trading at $1.48.
Nearly 10% increase on ARB: Arbitrum token ARB is trading at 0.68 dollars, up 9.5% in the last 24 hours.

AXL and XAI are on the rise: Big liquidation is happening

According to market data from July 7th, Axelar (AXL) token reached $0.6808 with a 39% increase. This rise in the past 24 hours is noteworthy. XAI token also benefitted from the weekend surge. On July 7th, XAI briefly surpassed $0.36 and is currently trading at $0.3508 with a 24.3% increase. Meanwhile, according to Coinglass data, there was a total liquidation of $172 million across the network on July 7th. Of these liquidations, $26.88 million came from long positions and $145 million came from short positions. These liquidations are considered as an indicator of market volatility. The lower number of liquidations in long positions may suggest that investors are generally expecting an upward trend.

As a result, the recent rise in Bitcoin and the recovery of altcoins have created a positive sentiment in the market. However, experts emphasize the need for investors to be cautious. The cryptocurrency market is known for its volatility and there may be new fluctuations in the coming days. This news is based on current market data. Since the cryptocurrency market is constantly moving, it is important for investors to keep track of the market and make investment decisions based on their own research.

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