Bitcoin and Ether suffered their largest weekly declines since the 2022 FTX collapse, dropping 17.3% and 22% respectively, wiping out about $390 billion from the crypto market. The selloff was triggered by Strategy's bitcoin sale, heavy ETF outflows, competition from AI investments, and fears of Federal Reserve rate hikes. About $7 billion in leveraged crypto positions were liquidated, mostly long bets. The market's recovery remains uncertain amid ongoing macroeconomic pressures and competition from AI sectors.
Bitcoin's price rose 1.60% within an hour to $82,788 on Oct. 20, driven by $8.47 million in short liquidations on Binance, Bybit, and OKX. This one-hour gain exceeded its 24-hour increase, highlighting a sharp short-term price movement. The data was ...
Worldcoin's token WLD surged 13.4% in 24 hours, reaching $0.5950, outperforming Bitcoin and Ether. This rise follows Worldcoin's launch of an identity package for banking and finance, allowing firms to verify unique human users and attributes like ag...
Bitcoin fell 1.52% to $81,429 on Tuesday morning, with five of the six major cryptocurrencies declining. The total crypto market capitalization dropped 3.25% over 24 hours to $2.75 trillion. Ether, XRP, Solana, and Dogecoin all saw losses, while BNB ...
Bitcoin climbed above $83,000 during a recovery in U.S. stocks, supported by falling oil prices, before retreating toward $82,600. The rise in risk assets included healthcare stocks hitting record highs and the S&P 500 gaining 0.7%. Analyst Ardi note...
In the latest snapshot of five major crypto perpetual-futures markets, Bitcoin open interest increased slightly by 0.47% to $7.78 billion, and Dogecoin saw the largest percentage rise in open interest at 2.63% to $216.3 million. Conversely, Ether's o...
