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Crypto News Today, 27th March : Bitcoin Price Today, XRP News , and More
As we begin the day with another exciting update from the cryptocurrency world, it’s essential to keep an eye on the current market trends. According to recent data, Bitcoin has been exhibiting a balance between Long and Short positions over the past three days, but there seems to be a slight dominance of Long positions in the past week.
This significant imbalance could potentially lead to massive liquidations if Bitcoin moves in either direction, as many traders are positioned near critical levels around $89K and below $83K. We can expect widespread liquidation regardless of which way the market takes, considering these key levels.
In other news, it appears that Paul Atkins’ SEC Confirmation Hearing has sparked a crucial conversation regarding crypto regulation. The significance of this development cannot be overstated as it could have far-reaching implications for the entire sector.
On another front, Pi Network Token has been on a downward trajectory in recent times, raising concerns about whether they’re heading towards further losses or an unexpected resurgence. We will continue to monitor this story closely and provide updates as more information becomes available.
Moreover, there’s speculation that Donald Trump may be considering ending the IRS DeFi Tax Rule after a Senate vote. This news could potentially have significant repercussions on the decentralized finance (DeFi) space, which we’ll be keeping a close eye on.
Additionally, the manipulation breakdown of Hyperliquid JELLY has been under scrutiny lately, with some investors questioning the 500% pump that nearly cost them $12 million. We will delve deeper into this matter and provide more insight as necessary.
Please stay tuned for further updates on these stories and any other breaking news from the crypto world.
Source: https://coinpedia.org/news/crypto-news-today-27th-march-bitcoin-price-today-xrp-news-and-more/
