Bitcoin fell below $60,000, extending a 10-day decline amid $1.5 billion in crypto long position liquidations triggered by stronger-than-expected US jobs data. The US added 172,000 jobs in May, raising concerns about reduced Federal Reserve rate cuts, pressuring risk assets like Bitcoin. Key options market activity at $60,000 may lead to further selling and liquidations if the price stays below this level. Analysts see potential for more downside but also note this could be a buying opportunity for long-term investors if Bitcoin recovers above $65,000.
The total cryptocurrency market capitalization fell 0.35% to $2.76 trillion over 24 hours, even as Bitcoin and five other major coins posted gains. Bitcoin rose 1.35% to $82,031, while Ether, XRP, BNB, Solana, and Dogecoin each gained between 2% and ...
On October 19, Bitway (BTW) experienced a sharp decline of 17.76%, falling to $2.00 and standing out as the biggest loser among 89 major non-stablecoin cryptocurrencies. Despite Bitway's drop, 77 other assets saw gains, with Quack AI leading the rise...
A single Bitcoin long position worth $4.09 million was liquidated on OKX's perpetual futures market at a price of $81,756 on October 19. This liquidation occurred because the position could no longer meet margin requirements, forcing the trade to clo...
Altcoins are facing increased selling pressure, with 42.4% of Binance-listed tokens now trading below their 200-day moving averages, signaling fading momentum. Over the weekend, the median top-500 altcoin dropped 5.8%, reflecting a shift in investor ...
Quantum computing firm Quantinuum achieved a record 99.9995% logical fidelity, significantly reducing error rates and advancing toward a fault-tolerant quantum computer by 2029. This progress heightens concerns that powerful quantum machines could ev...
