Data: ‘Risky’ crypto loans surge to highest level in two years

10/18 06:17

Wechat scan to share

According to IntoTheBlock data, the total amount of high-risk loans (defined as loans with a liquidation price within 5%) rose to $55 million on Wednesday, reaching the highest level since June 2022. Loans with a liquidation price within 5% mean that if the price of the collateral drops by 5%, it will no longer cover the loan, triggering liquidation.IntoTheBlock stated in a market update, "Large-scale liquidation could impact the value of collateral, causing more loans to face liquidation risk and resulting in a spiral of price declines."

Comments

All Comments

There are no comments yet, why not be the first?

Recommended for you

bitcoin.com · 04/02 07:11

Trump Sons Launch “American Bitcoin” In Partnership with Hut 8

Hut 8 will hold an 80% stake in American Bitcoin, while American Data Centers, Backed by Trump sons, will take the remaining 20%.
Cryptonews24.xyz · 04/02 07:06

Stablecoin Issuer Circle Files for IPO on NYSE

Circle files for a traditional IPO, signaling its effort to blend digital currency with time-tested market standards and regulated financial practices.
bitcoin.com · 04/02 03:47

UK trade bodies ask government to make crypto a ‘strategic priority’

Several British trade associations have asked Prime Minister Keir Starmer’s office to appoint a special envoy dedicated to crypto and for a dedicated action plan for digital assets and blockchain technology.
Stephen Moore · 04/02 02:46

North Korea tech workers found among staff at UK blockchain projects

Google threat intelligence says North Korea’s fake workers have also increased extortion attempts as they’re under pressure to maintain money streams amid a US crackdown.
cointelegraph · 04/01 09:36

Bitcoin price gearing up for next leg of ‘acceleration phase’ — Fidelity research

A recent Fidelity Digital Assets report questioned whether Bitcoin’s price had already seen its cyclical “blow off top” or if BTC is on the cusp of another “acceleration phase.”
Cryptonews24.xyz · 04/01 06:38

Russia’s Irkutsk ‘Could Impose Year-round Crypto Mining Ban from April 1’

Putin reportedly agrees with Irkutsk Governor’s call for further action following wintertime ban.
CointimeSG · 04/01 06:04

Stablecoin rules needed in US before crypto tax reform, experts say

Crypto industry professionals say US regulation must clarify banking and stablecoins before focusing on taxes, as Trump-backed reforms push crypto into the spotlight.
Jesse Coghlan · 04/01 05:59

Vanuatu passes long-awaited crypto laws that won’t be ‘light touch’

Vanuatu has passed crypto regulation and licensing legislation that a government adviser says is strict to dissuade bad actors that may seek to take advantage of small island nations.
BRAYDEN LINDREA · 04/01 04:07

SIR.trading begs hacker to return $255K or ‘no chance for us to survive’

A day after SIR.trading was hacked for $355,000, the protocol’s founder pleaded for the hacker to return a portion of the stolen funds.
Stephen Moore · 03/31 10:19

Android malware ‘Crocodilus’ can take over phones to steal crypto

Once a targeted banking or cryptocurrency app is opened, a fake overlay launches over the top and mutes the sound while the hackers take control of the device.