Bitcoin fell to around $63,000 as cryptocurrency markets declined sharply, triggered by a $400 billion capital rotation into AI-related investments and over $1.74 billion in liquidations within 24 hours. Data showed nearly 290,000 traders were liquidated, and significant outflows occurred from Bitcoin and Ethereum ETFs. Analysts note Bitcoin remains in a downtrend since its high near $80,000 last year, with key support at $60,000 under watch. Some traders expect Bitcoin could rebound to new highs before the 2028 halving event, despite current bearish trends.
Michael Saylor's Strategy Inc. reported a historic $10.8 billion unrealized loss on its Bitcoin holdings, drawing sharp criticism from financial commentators like Jim Cramer and Peter Schiff. The company recently sold 32 Bitcoins for the first time s...
Kalshi has introduced CFTC-regulated Ethereum perpetual futures in the United States, following its recent launch of Bitcoin perpetual futures. These new "American Perpetuals" allow U.S. traders to access regulated, leveraged Ethereum exposure withou...
Cryptocurrency markets saw a broad decline with major coins like Bitcoin dropping 3.67% to $63,317 and Ethereum falling 3.10% to $1,764.97. Other notable coins such as Binance Coin, Solana, and Cardano also experienced significant losses. Stablecoins...
Solana's price fell to a multi-year low around $69.97, down over 6.8% in 24 hours and 18.3% monthly, following a broad crypto sell-off triggered by Bitcoin dropping toward $61,300. This led to $1.6 billion in leveraged liquidations, pushing Solana be...
Bitcoin has dropped more than 15% this week, briefly nearing $61,000, yet Standard Chartered maintains its year-end price target of $100,000. The bank views the recent selloff as potentially nearing its end, citing smaller liquidation volumes compare...
