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.
BlackRock is launching the iShares Bitcoin Premium Income ETF (ticker BITA) tomorrow, offering institutional-grade Bitcoin income exposure. This new ETF competes directly with Strategy Inc.'s STRC and Bitmine's BMNP, providing investors more options ...
Bitcoin's price decline in June has pushed about $8.6 billion of the $10.6 billion worth of bitcoin options expiring on June 26 out of the money, meaning most bullish bets are currently underwater. Only 20% of these options are profitable if exercise...
The U.S. Federal Reserve, under new Chair Kevin Warsh, is expected to keep interest rates steady in its first meeting, with markets closely watching the policy statement and press conference for hints on future hikes. Bitcoin could react positively i...
Ahead of the first Federal Open Market Committee (FOMC) decision under new Fed Chair Kevin Warsh, Bitcoin slipped below $65,000 and most cryptocurrencies softened, with traders focusing on Warsh's inflation outlook rather than immediate rate changes....
Bitcoin fell 1.28% to $65,545.74 while Ethereum rose 1.02% to $1,788.32 amid cooling trading volumes in spot, derivatives, and stablecoins. Most large-cap altcoins declined, and total crypto market cap stood near $2.25 trillion with reduced trading a...
