Major cryptocurrencies experienced significant price declines, with Bitcoin falling 4.25% to $60,761 and Ethereum dropping 9.86% to $1,592. Other notable losses include Binance Coin down 4.74% and Cardano plunging nearly 15%. This broad sell-off reflects increased market volatility and investor caution. The trend suggests potential continued weakness in crypto markets in the near term.
Michael Saylor, chairman of Strategy, emphasized the need for Bitcoin supporters to balance competing ideologies—Maximalists, Capitalists, Technologists, and Fundamentalists—to ensure Bitcoin's long-term strength. He argued Bitcoin must maintain its ...
Bitcoin briefly fell to $59,825, its lowest since October 2024, following stronger-than-expected US labor market data. The robust job growth and steady unemployment rate boosted the US dollar, causing a selloff in cryptocurrencies and other risk asse...
Dogecoin and Shiba Inu each fell about 9% amid Bitcoin's slide toward the $60,000 mark, with heavy selling in speculative crypto sectors. Both tokens broke key support levels and saw their largest trading volumes during price declines, indicating str...
Economist Robin Brooks states that gold has lost its status as a safe-haven asset, now behaving like a pro-cyclical, high-beta asset similar to Bitcoin and the S&P 500. Both gold and Bitcoin have shown rising correlations with equities, reaching over...
Over $615 million in long liquidations, mainly in Bitcoin and Ethereum, caused a rapid crypto market sell-off within four hours, signaling a shift from bullish to cautious trading. Bitcoin fell 3.35% to $61,844, Ethereum dropped 7.46% to $1,654, and ...
