AAVE Price Correction to $80 Gains Traction Amid $300M Liquidation Wave

Quick Summary:

The AAVE price witnessed a temporary ease from selling pressure on Monday’s trading session, registering a 3% rise to $94.

However, as the pioneer cryptocurrency, Bitcoin struggled to sustain above $60000, the altcoin market witnessed an intense overhead supply, signaling the potential for a prolonged downfall.

Aave witnessed its largest-ever liquidations this week, with nearly $300M liquidated.

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Article Details

Author / Journalist: Sahil Mahadik

Category: Crypto

Markets: India

Topics: AAVE price Price Analysis Aave Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 20:42:21 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 392 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22043486

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