Bitcoin's price surged past $68,000, causing $1.93 billion in leveraged crypto liquidations within 24 hours, predominantly affecting traders betting against the market. Short positions accounted for $1.75 billion of the liquidations, with Bitcoin alone responsible for $1.15 billion wiped out, followed by Ethereum at $516 million. Over 127,000 traders were forced out, highlighting strong bullish momentum in the crypto market. This trend suggests continued upward pressure on Bitcoin and Ethereum prices as bearish bets are rapidly closed.
Bitcoin price surged past $68,000 following a breakout above key resistance levels, triggering a short squeeze that liquidated over $1 billion in crypto shorts within an hour. The rally pushed Bitcoin from below $65,000 to nearly $69,500 before settl...
The US government, under President Trump's leadership, has codified the GENIUS Act to streamline crypto regulations and established a strategic Bitcoin reserve from seized assets. This move clarifies the regulatory distinction between crypto securiti...
Former President Donald Trump announced that the US government is considering purchasing a significant amount of Bitcoin, continuing its policy of maintaining a Strategic Bitcoin Reserve. The US currently holds about 328,000 BTC, making it the larges...
Bitcoin surged nearly to $70,000 following the US Treasury's announcement to double bond buybacks to $4 billion, triggering $1.9 billion in total liquidations, mostly from short positions. This move reflects growing concerns over rising US debt servi...
Bitcoin surged to nearly $69,000, marking its first rise above $68,000 since June, and triggered the largest-ever daily short liquidation volume of about $1.1 billion in perpetual futures. This historic liquidation surpassed previous peaks from 2021 ...
