Major cryptocurrencies including Bitcoin, Ether, Solana, and Dogecoin declined amid a surge in the U.S. dollar driven by the Japanese yen hitting a 40-year low. Bitcoin traded below $60,000 and its 200-week moving average, with muted onchain demand and shrinking transaction fees signaling low market activity. Adding to market caution, Strategy, the largest corporate bitcoin holder, announced plans to possibly sell over $1 billion in bitcoin, reversing its founder's previous stance. The crypto market remains subdued, awaiting changes in dollar strength and potential interventions in the yen's decline.
Bitcoin, the largest cryptocurrency by market value, fell below the $76,000 mark to $75,855 on Binance spot trading as of 10:36 p.m. ET on November 6. This represents a 0.23% decline over the previous hour, with the price crossing from slightly above...
Uniswap (UNI) experienced a 10.80% drop in Open Interest and a 7% price decline as a whale sold 1 million UNI tokens worth $7.32 million, amid broader market fear. The altcoin market has been bearish, with a $173.74 billion drop in market cap over th...
On November 5, 77 out of the 90 largest cryptocurrencies, excluding stablecoins, experienced significant declines. Ether.fi led the losses, falling 13.45% to $0.526. Other notable drops included Worldcoin down 13.18% and LayerZero down 13.09%. Meanwh...
On November 5, Bitcoin's price fell just below the $76,000 mark, closing at $75,999 after an intraday decline of 5.36%. This drop indicates a significant movement in the market, as Bitcoin lost more than 5% of its value during the day. The $76,000 le...
Bitcoin experienced significant liquidations of long positions totaling $19.07 million during a one-hour period ending at 9:40 a.m. ET on Nov. 5. This liquidation occurred as Bitcoin's price fell by 1.02%, dropping from $79,746 to $78,936. The data, ...
