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Cryptocurrencies Price Prediction: Bitcoin, Myro & Arbitrum — Asian Wrap 06 March

Cryptocurrencies Price Prediction: Bitcoin, Myro & Arbitrum — Asian Wrap 06 March
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Outlook: Almost $521 million in total liquidations as BTC hits new ATH

Bitcoin (BTC) price nuked on Tuesday to an all-time high of $69,324, blowing millions in short and long positions out of the water. 

Solana-based MYRO is an outlier, soars 50% despite meme coins crashing

Cryptocurrency markets continue to bleed after Bitcoin (BTC) shattered its $68,999.99 peak to record a new all-time high of $69,324. However, with this peak, a renowned trader and analyst, @HsakaTrades calls out the whales for pushing price down. Specifically, the analyst says that these large holders have placed spoofy sell orders on exchanges to make noobs and risk managers sell. In his opinion, the large holders are looking to "buy back lower.”

Arbitrum community passes proposal for Atlas to support Ethereum’s Dencun and other upgrades

Arbitrum DAO passed a proposal to upgrade its two Layer 2 blockchains to accommodate Ethereum’s upcoming Dencun upgrade. The community passed the proposal, and the chain is now gearing up for low-cost transaction processing on the Ethereum chain. 

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