","button_title":"Play-to-Earn Game List","span_one":"No obligations","span_two":"Free to use"}},"header":{"homepage":"Homepage","Game Reviews":"Game Reviews","Game List":"Game List","Developers":"Developers","Developer List":"Developer List","Gaming News":"Gaming News","search":"Search","local":"en","Popular P2E Developers":"Popular P2E Developers","Play To Earn Games":"Play To Earn Games","P2E Games":"P2E Games","Crypto Games":"Crypto Games","Web3 Games":"Web3 Games"},"meta":{"title":"Games to Earn, Blockchain, NFT, P2E Games List","description":"Play hundreds of games! Games to Earn, P2E, Blockchain, NFT, Crypto, Web3 Games. Read game reviews and start playing right away. Play now!","ogType":"article","keywords":"NFT Games, Crypto Games, Earning Games, Earning Games, Blockchain Games, P2E Games"}}},"initialLocale":"hi","ns":["news_letter","singleNews","singleGame","footer","common","header","meta"],"userConfig":{"i18n":{"locales":["en","hi","fr","es","de","pt","nl","tr"],"localeDetection":false,"defaultLocale":"en","domains":[{"domain":"playtoearngames.com","defaultLocale":"en"},{"domain":"hi.playtoearngames.com","defaultLocale":"hi","locales":["hi-IN"]},{"domain":"fr.playtoearngames.com","defaultLocale":"fr","locales":["fr-BE","fr-CA"]},{"domain":"es.playtoearngames.com","defaultLocale":"es","locales":["es-GT","es-MX"]},{"domain":"pt.playtoearngames.com","defaultLocale":"pt","locales":["pt-BR"]},{"domain":"de.playtoearngames.com","defaultLocale":"de","locales":["de","de-DE","de-AT","de-CH"]},{"domain":"nl.playtoearngames.com","defaultLocale":"nl","locales":["nl-BE"]},{"domain":"tr.playtoearngames.com","defaultLocale":"tr"}]},"trailingSlash":true,"default":{"i18n":{"locales":["en","hi","fr","es","de","pt","nl","tr"],"localeDetection":false,"defaultLocale":"en","domains":[{"domain":"playtoearngames.com","defaultLocale":"en"},{"domain":"hi.playtoearngames.com","defaultLocale":"hi","locales":["hi-IN"]},{"domain":"fr.playtoearngames.com","defaultLocale":"fr","locales":["fr-BE","fr-CA"]},{"domain":"es.playtoearngames.com","defaultLocale":"es","locales":["es-GT","es-MX"]},{"domain":"pt.playtoearngames.com","defaultLocale":"pt","locales":["pt-BR"]},{"domain":"de.playtoearngames.com","defaultLocale":"de","locales":["de","de-DE","de-AT","de-CH"]},{"domain":"nl.playtoearngames.com","defaultLocale":"nl","locales":["nl-BE"]},{"domain":"tr.playtoearngames.com","defaultLocale":"tr"}]},"trailingSlash":true}}}}Bitcoin Liquidations Spike Over $500M Amid Market Correction - Play to Earn Games News
The recent sell-off in the cryptocurrencyMarket has sent shockwaves through the industry, with major players like Bitcoin and Ethereum experiencing significant drops in value. This downturn has brought about a wave of liquidations, totaling a staggering $526 million over a 24-hour period, according to Data from CoinGlass.
Bitcoin, the leading cryptocurrency, saw its Price plummet by over 5% late Tuesday, resulting in long positions accounting for $453 million in liquidations, while short positions amounted to $73 million. Ethereum, the second-largest cryptocurrency, also suffered a plunge of over 6%, trading down to $2,480 early Wednesday, as reported by CoinGecko.
Despite the recent setbacks, analysts believe that this downturn is temporary and not indicative of a prolonged bear Market. Several factors on the horizon could potentially boost Bitcoin's value in the coming months, including China's stimulus efforts, promising U.S. employment figures, clarity on FTX Payments to creditors, and the conclusion of the U.S. election season.
Samir Kerbage, Chief investment Officer at Hashdex, emphasized the impact of uncertainty on emerging industries like cryptocurrencies, citing the looming shadow of the November elections as a significant factor affecting Market sentiment. However, industry experts remain optimistic about the long-term prospects of the cryptoMarket.
Geopolitical Influences
The recent Market turmoil was exacerbated by geopolitical tensions, particularly the conflict between Israel and Iran. The Israel Defense Forces reported over 100 missiles launched from Iran into Israel, leading to sirens sounding in major cities like Tel Aviv and Jerusalem. This escalation in regional tensions has added an additional layer of uncertainty to the already volatile Market.
Military analysts have described this attack as a significant escalation, raising concerns about the potential impact on global markets. Investors have reacted to these developments, resulting in substantial fund withdrawals from Bitcoin and Ethereum spot ETFs.
Alongside the cryptocurrencyMarket sell-off, crypto-related stocks have also felt the impact of the downturn. Bitcoin miners, in particular, saw a significant decline in share prices, with companies like Marathon Digital, CleanSpark, Core Scientific, Riot blockchain, and Coinbase all experiencing sharp drops in their stock values.
Despite the challenging Market conditions, industry experts like Avinash Shekhar, the Co-founder, and CEO of Pi42, are projecting a bullish momentum for Bitcoin in the late October timeframe. They believe that recent statements from Federal Reserve Chair Jerome Powell regarding the U.S. Economy and interest rates have restored confidence in the Market, paving the way for potential Growth in Bitcoin and altcoins like Ethereum.
Future Outlook
As the cryptoMarket continues to navigate through uncertain waters, experts and investors alike are closely monitoring key indicators that could shape the industry's trajectory. With geopolitical tensions, economic factors, and Market sentiments playing a pivotal role in the current landscape, staying informed and agile is crucial for anyone involved in cryptocurrencyInvestments.
As the Market evolves, it will be essential to adapt Strategies and decisions based on the latest trends and insights to capitalize on emerging opportunities. By staying informed and proactive, investors can navigate the turbulence in the Market and position themselves for long-term success in the ever-changing world of cryptocurrencies.