Galaxy Digital CEO Mike Novogratz attributes the recent Bitcoin price crash to a crisis of confidence triggered by significant unrealized losses at MicroStrategy and a shift in macroeconomic policies, particularly the Federal Reserve's hawkish stance and a stronger dollar. This combination has drained liquidity from the crypto market and increased skepticism among investors. Novogratz warns that Bitcoin is at a critical support level around $60,000, with potential to drop to $45,000 if this level fails. The future price movement remains uncertain, reflecting the complex market conditions.
U.S. spot Ether (ETH) exchange-traded funds experienced significant net outflows totaling $432 million over five trading days from October 26 to 30, marking the fifth consecutive week of outflows. During the same period, Bitcoin (BTC) spot ETFs saw $...
The FBI has attributed the Binance hack to the North Korean group TraderTraitor, revealing that about $242 million in stolen funds moved through the Tron blockchain over two days. The funds were primarily routed through decentralized finance platform...
Bitcoin (BTC) has closed above its 50-week moving average for the seventh consecutive week, maintaining a positive trend despite a recent hack that resulted in over $6 billion stolen from a cryptocurrency exchange. This marks an extension of a six-we...
Morpho (MORPHO) fell 5.54% to $2.24, leading the largest crypto decliners over 24 hours as of Nov. 1. MemeCore also dropped 5.53% to $0.850. Among the top 90 cryptocurrencies, 49 declined while 41 rose. Bitcoin and Ether gained modestly by 1.04% and ...
Bitcoin rose slightly by 0.44% to $77,906 despite the total cryptocurrency market capitalization dropping 3.35% to $2.60 trillion. Major tokens showed mixed performance: Ether and BNB gained modestly, while XRP, Solana, and Dogecoin declined. TRON le...
