Andrew Tate opened a highly leveraged 40x long position on Bitcoin worth about $3.79 million but was fully liquidated within 24 hours after Bitcoin's price dropped below his liquidation price. Despite attempts to add margin, Tate lost a total of $95,478. His liquidation was part of a broader market event where $77.90 million in Bitcoin positions were liquidated, mostly long positions, contributing to a sharp price decline and a potential long squeeze. Following the liquidation, Tate opened a 40x short position, adding to the market volatility. Bitcoin's price fell over 2% in 24 hours, trading around $64,730 at the time of reporting.
Elon Musk's net worth fell below $1 trillion after SpaceX's stock plunged about 40% from its peak, dropping the company's valuation from $2.9 trillion to under $1.6 trillion. The stock, which surged to $225 after its IPO, has fallen below its initial...
Bitcoin fell below $65,000 following Iran's rejection of renewed peace talks with the US, intensifying geopolitical risks. Despite former President Trump's claim that Iran sought a deal, Iran's Foreign Ministry confirmed no plans for negotiations, pr...
Bitcoin crossed the $65,000 mark with improving market sentiment, reflected by a Crypto Fear & Greed Index of 35. Despite recent volatility and liquidation of over 79,000 traders, Bitcoin and Ethereum saw significant inflows into spot ETFs, signaling...
Bitcoin surged above $65,000 and Ethereum passed $1,900 after US Producer Price Index data showed inflation cooling more than expected. The weaker inflation readings reduced market expectations for a Federal Reserve interest rate hike in July, boosti...
With Bitcoin down over 50% from its peak and market sentiment in extreme fear, an analyst highlights Cardano as a safer crypto option due to its balanced mix of security, decentralization, and steady development. Unlike other chains chasing trends, C...
