Bitcoin fell to around $62,840, down 1.1% in 24 hours and 3.5% over the week, dragged down by a global selloff in technology stocks and semiconductor shares. Major altcoins like Ether, XRP, Solana, and Dogecoin also declined, while Tron was a rare gainer. The South Korean Kospi index plunged over 6%, and Nasdaq 100 futures dropped 2.1%, reflecting broad market weakness. Investors are now focused on upcoming key events including Micron's earnings, US employment data, and CPI releases, which could influence market direction further.
USDC experienced a significant net outflow of $336 million as investors rotated stablecoin liquidity into USDG and Tron (TRX), indicating a shift within the stablecoin market rather than a broad crypto sell-off. Bitcoin and Ethereum flows remained ba...
Over $30 million rotated out of stablecoins USDT and USDC into major cryptocurrencies, with Bitcoin Cash (BCH) receiving the largest inflow of about $7.71 million. Ethereum and Bitcoin followed with $4.51 million and $4.28 million respectively. This ...
Bitcoin is testing the $60,000 level as concerns rise over the yen carry trade, similar to the market turmoil seen in August 2024. The USD/JPY exchange rate is approaching levels that previously led to a major unwind of leveraged trades, forcing inve...
SpaceX's market value dropped by over $600 billion, about 23%, in three days following its announcement of a $20 billion bond sale to fund AI expansion linked to its xAI acquisition. This sharp decline, nearly half of bitcoin's $1.3 trillion market c...
Over $122 million in long liquidations hit crypto markets in the last 24 hours, mainly affecting Bitcoin and Ethereum, signaling a risk reset as traders unwound leveraged bullish bets. Despite this, Bitcoin held steady and gained 0.40%, increasing it...
