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Crypto liquidations reach $470M as Bitcoin retraces, altcoins surge
Bitcoin’s close approach to the $100,000 milestone on November 24 spurred significant trading activity, resulting in one of the largest weekend cryptocurrency liquidation events over six months. Over $470 million in positions were cleared within 24 hours, reflecting heightened market engagement, according to CoinGlass.
Altcoins took centre stage, with Bitcoin (BTC) and Ethereum (ETH) accounting for $108.9 million in combined liquidations. Dogecoin (DOGE), XRP, and Stellar (XLM) saw strong movements, contributing $33.1 million, $27.6 million, and $21.6 million, respectively. Other notable tokens, including Solana (SOL), Sandbox (SAND), Polkadot (DOT), and Cardano (ADA), also experienced significant trading volumes.
The weekend saw remarkable altcoin rallies, with Stellar surging 50% and Dogecoin reaching its highest level since May 2021. Analysts highlight this as a signal of renewed interest from traders revisiting familiar tokens and recognizing opportunities in altcoins, which continue to show resilience and potential for growth.
Read the original article here: https://www.msn.com/en-us/money/other/crypto-liquidations-reach-470m-as-bitcoin-retraces-altcoins-surge/ar-AA1uG3fo?ocid=BingNewsVerp
Guru Nanak Jayanti
Commonwealth Chamber of Commerce’s Ankita Yadav meets Tonga’s Minister of Foreign Affairs and Samoa’s Deputy Prime Minister at CHOGM 2024
Ankita Yadav, representing the Commonwealth Chamber of Commerce, had the privilege of meeting with the Honourable Fekita ‘Utoikamanu, Tonga’s Minister of Foreign Affairs, and the Honourable Tuala Tevaga Iosefo Ponifasio, Deputy Prime Minister of Samoa, during the Commonwealth Heads of Government Meeting (CHOGM) 2024 in Apia, Samoa.
These engagements provided an invaluable opportunity to discuss and strengthen ties across the Commonwealth and explore pathways for collaborative growth and resilience. The Chamber is honoured to participate in these significant conversations and looks forward to continued cooperation supporting a vibrant and united Commonwealth.
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Recording of Islamic Wealth Management Fireside Chat with Jersey Finance | 20 January 2022
Recording of our exciting fireside chat on Islamic Finance Wealth Management with Faizal Bhana, Jersey Finance.
Commonwealth Chamber of Commerce Fireside Chat with James Fok on his new book: “Financial Cold War: A view of Sino-US Relations from the Financial Markets”.
Financial Cold War is a groundbreaking exploration of US-China relations as seen through the lens of international finance.
Commonwealth Chamber of Commerce Fireside Chat with Faizal Bhana, Jersey Finance: Exploring Global Attitudes to Islamic Finance Wealth Management
Fireside chat with Faizal Bhana, Director Middle East, Africa & India, Jersey Finance on Jersey Finance’s latest report on the global trends, insights and perspectives of Shari’ah wealth management.