Trader Huang Licheng, known as Maji, ended his 13-trade winning streak on April 12 by closing a long Bitcoin position at a $192,000 loss during a market downturn. This loss erased a significant portion of the $1.14 million profit he made during the streak, highlighting the risks of leveraged trading in volatile markets. Maji's history includes over $30 million in cumulative losses, emphasizing the challenges individual traders face with high-leverage positions. The broader market remains hostile to leveraged longs, with recent large-scale liquidations reflecting this trend.
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...
