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The cryptocurrency market faced a significant downturn on Tuesday, with major assets such as Bitcoin, Ethereum, Dogecoin, and Shiba Inu recording double-digit losses. The crash follows a massive liquidation of $1.07 billion in funds late Monday, triggering widespread panic among investors. This sell-off comes just days before the highly anticipated Crypto Summit at the White…
Bitcoin’s sharp price decline has triggered widespread panic in the crypto market, leading to nearly $1.59 billion in liquidations over the past 24 hours. Around 390,000 traders have suffered losses, with long positions accounting for a staggering 90% of the wipeout. One of the biggest liquidations occurred on HTX (formerly Huobi), where a single trader…
Bitcoin (BTC) experienced a sharp decline this week, plummeting from a high of $96,500 on Monday, February 24, to a three-month low of $86,050 on Tuesday, February 25. This steep drop triggered a wave of panic selling among short-term holders, who collectively realized losses of $1.7 billion—the highest since August 2024, when losses surpassed $2.4…
GameStop is facing calls to allocate its $5 billion cash reserves to Bitcoin as part of a bold financial strategy. Matt Cole, CEO of Strive Asset Management, has sent a letter to GameStop CEO Ryan Cohen, urging the company to embrace Bitcoin to safeguard its financial future. JUST IN: GameStop CEO receives letter urging the…
The ongoing Bitcoin downtrend may be influenced by short-term holders (STHs), who appear to be changing their stance as the market shifts. Their hesitation in taking profits or cutting losses could dictate Bitcoin’s next major price movement. Bitcoin Investors Fear Losses The Short-Term Holder Spent Output Profit Ratio (STH SOPR) indicator is struggling to reclaim…
Bitcoin (BTC) is struggling to gain momentum as February nears its end, with liquidity stacking up on both sides of the spot price. Traders remain on edge as key economic data looms, while market sentiment deteriorates amid falling network activity and volatility compression. BTC Price Action: A Tight Range with High Stakes Bitcoin is stuck…
The cryptocurrency market is facing another significant decline, with major assets like Bitcoin (BTC) and Ethereum (ETH) struggling to hold key support levels. As of now, Bitcoin is trading around $95,896, marking a 0.64% daily drop, while Ethereum has fallen below $2,800, sitting at $2,725 after a 3.50% decline in the last 24 hours. The…
Georgia is at the forefront of a potential cryptocurrency revolution as state lawmakers debate two competing Bitcoin reserve bills. The latest proposal, Senate Bill 228 (SB 228), could significantly alter how the state treasury invests in Bitcoin by removing investment limits and introducing policies for Bitcoin acceptance, storage, and transactions. A Clash of Bitcoin Reserve…
With mining company stocks beginning to slide, Bitcoin [BTC] traders are on high alert. Historical data suggests that Bitcoin often follows the trajectory of mining stocks, raising concerns about a potential market downturn in the coming days. Correlation Between Mining Stocks and Bitcoin Bitcoin mining stocks have historically acted as a leading indicator for BTC…
Bitcoin options traders are making bold bets on a massive rally to $110,000 by March. According to Amberdata, February saw a surge in call options at this ambitious price level, reflecting growing market confidence. However, analysts caution that several factors could slow BTC’s climb, including range-bound trading, weak ETF demand, and market hesitation. #Bitcoin options…