About $200 million in leveraged crypto positions were liquidated in 24 hours, mostly from short positions, triggering sharp rallies in select altcoins while Bitcoin remained subdued. This short squeeze caused altcoins like Solana and Hyperliquid to gain momentum, even as Bitcoin and Ethereum showed mixed performance. The market showed signs of rotation with Bitcoin dominance falling and Ethereum's share rising, amid rising derivatives trading volume that increases volatility risk. Regulatory clarity in the UK, EU, and US, along with institutional inflows into altcoin ETFs, suggest growing diversification beyond Bitcoin, but caution remains due to concentrated liquidations and weaker on-chain activity.
Bitcoin's price has dipped to just under $83,000, testing the bottom of its current trading range. Technical indicators suggest the price is oversold and a bounce is likely, but a breakdown below support could lead to a deeper correction. The key sup...
A wallet linked to Wintermute has built $126.25 million in short positions on Hyperliquid, with Ethereum short exposure at $46.92 million, followed by Solana and HYPE positions exceeding $10 million each. These shorts come as major cryptocurrencies l...
The Conference Board will release the September Consumer Confidence Index (CCI) on September 29, with a forecast of a slight rise to 90.0 from August's 89.4. The CCI reflects consumer optimism about the economy and influences spending and economic ac...
Bitcoin's price fell about 1.5% to near $83,000 following an unexpected Oval Office announcement by President Trump, whose topic remains unknown but is speculated to involve Iran. This announcement kicks off a critical week for Bitcoin, which also in...
In March 2025, President Trump signed an executive order establishing Bitcoin as a strategic reserve asset for the US government, consolidating about 328,000 BTC mainly from seizures and forfeitures. However, the order did not allocate taxpayer funds...
