Monday, September 25

Here’s How Traders Profit From Cryptocurrency Market Crashes And Selloffs By Cointelegraph

©Reuters. This is how traders profit from cryptocurrency market crashes and selloffs

The first week of the new year has seen a cruel pullback across all cryptocurrencies on the market. The price of Ether (ETH) fell from its November peak of $4,800 to below $3,000 on January 8 and the LUNA governance token also fell from $85 on December 31 to $67 on January 8. of 2022.

These unexpected dramatic moves often cause liquidation cascades in the loan market, but also create unique buying opportunities in collateral liquidation markets.

Kujira’s Orca protocol is a platform built on top of the Terra network and allows investors to bid on bETH (Ether-linked asset) and bLUNA (LUNA-linked asset) at a discounted price when collateral at risk is settled.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.