Bitcoin and Ethereum surged sharply, with Bitcoin nearing $70,000 and Ethereum surpassing $2,100, triggering $1.44 billion in losses for traders who bet on falling prices. Bitcoin rose nearly 6%, causing massive liquidations of short positions, while Ethereum gained almost 9%, wiping out hundreds of millions in shorts. This rally also lifted other major cryptocurrencies like XRP and Solana, signaling a broader market recovery amid active US crypto policy developments. The swift price rebound caught many traders off guard, highlighting the volatility and risk in crypto markets.
The total cryptocurrency market capitalization surged by $113 billion in one day, driven by gains in Bitcoin and Ethereum, pushing the market cap close to $2.3 trillion. Despite this rally, the market remains fragile after losing about $780 billion e...
Bitcoin's volatility has dropped to levels lower than 98.5% of its historical data, while spot trading volume is at its lowest since 2019, indicating a quiet market. Despite this, institutional investors, including Fidelity clients, have made signifi...
Bitcoin surged 6.2% to $68,761, breaking out of a six-week trading range after the US Treasury doubled its long-term bond buyback operations. This move weakened the dollar and lowered bond yields, making Bitcoin more attractive compared to risk-free ...
The crypto market gained momentum with total capitalization rising to about $2.2 trillion, driven by strong ETF inflows and positive investor sentiment. Bitcoin remains above $64,000 supported by nearly $486 million in weekly ETF inflows, while Ether...
Bitcoin jumped to $68,310, Ethereum surpassed $2,000, and Solana rose 6.5%, triggering a $1.22 billion short squeeze in just one hour. This rally was driven by a capital shift from the weakening AI tech sector into cryptocurrencies, surprising many t...
