Crypto markets experienced $359 million in forced liquidations mainly in Bitcoin and Ethereum, despite only modest price drops of about 1.4% for BTC and 1.1% for ETH. This indicates that leveraged derivatives, not spot selling, absorbed most of the shock, with a mix of short squeezes and long position unwinds driving volatility. Altcoins like Ripple and Dogecoin faced even heavier liquidations, reflecting aggressive bets across the market. Regulatory changes and weak ETF flows added to cautious sentiment, leading traders to reduce exposure and prioritize balance-sheet repair over new risk-taking, suggesting a period of choppy, range-bound trading ahead.
The cryptocurrency market fell on July 1, with Bitcoin, Ethereum, Dogecoin, BNB, and HYPE all trading lower amid weakening investor sentiment. The EU's new Markets in Crypto-Assets (MiCA) regulation took effect, causing many firms to scale back or ex...
The Winklevoss twins transferred about $67 million in Bitcoin and Ethereum to Gemini exchange wallets, sparking speculation of potential selloffs. These moves come as Bitcoin and Ethereum face bearish pressure, with Citigroup lowering price targets a...
Citigroup has lowered its 12-month price targets for Bitcoin from $112,000 to $82,000 and for Ethereum from $3,175 to $2,240 due to weakening investor sentiment, significant ETF outflows, and regulatory uncertainty in the U.S. The crypto market saw $...
Investors moved 2.6 trillion Shiba Inu (SHIB) tokens off exchanges following a 29.5% drop in Q2, signaling a major supply shift ahead of Q3. XRP held its key $1 support level, supported by a rare macro trend and regulatory progress, preserving its bu...
World XYZ, a key prediction market on Solana, has integrated Chainlink as its oracle provider to improve data accuracy and speed in resolving market outcomes. This upgrade addresses the 'oracle problem' by linking smart contracts to reliable real-wor...
