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Bitcoin’s $16,700 drop on Friday triggered $5B in futures liquidations, exposing a fragile market structure and renewed volatility despite this year’s spot BTC ETF-driven optimism.
Bitcoin News
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Bitcoin’s $16,700 drop on Friday triggered $5B in futures liquidations, exposing a fragile market structure and renewed volatility despite this year’s spot BTC ETF-driven optimism.
The US-China talks will “be central” to crypto traders’ market moves in the short-term, sentiment platform Santiment said.
The crypto market plunge on Friday was partly due to crypto traders reaching an “all-time impatience” with the market,” says crypto trader Alex Becker.
Satoshi’s $100-billion Bitcoin hoard remains untouched. In case it enters the market, it might have unexpected outcomes.
Mike Novogratz’s Galaxy Digital has secured a $460 million investment to convert its former Bitcoin mining site in Texas into a large-scale AI data center.
AI wearables will harvest our most intimate data while we pretend privacy still exists. Cryptography could enable us to keep our privacy.
Some altcoins lost over 95% of their value during Friday’s crash, which triggered the most severe and rapid liquidations in crypto history.
The crash was caused by a perfect storm of short-term factors, causing $20 billion in liquidations — the worst 24-hour drain in crypto history.
Crypto.com CEO Kris Marszalek has urged regulators to probe exchanges after $20 billion in liquidations, far outpacing any previous market crash, including FTX.
Major policy changes worldwide are shaping how the crypto industry will operate.