Bitcoin 5% correction triggers $400M liquidations as Asia markets open for the week
Bitcoin 5% correction triggers $400M liquidations as Asia markets open for the weekBitcoin, the largest cryptocurrency by market capitalization, tumbled around 5% to under $42,000.
Happy Monday!The global crypto market cap is $1.56 trillion, with a 24-hour volume of $82.71 billion. The price of Bitcoin is $41,631.70, and BTC market dominance is 52.3%. The price of Ethereum is $2,203.34, and ETH market dominance is 17.0%. The best-performing sector is eCommerce, which gained 248%. The Crypto Fear & Greed Index is currently Greed (74). Top News
Bitcoin 5% correction triggers $400M liquidations as Asia markets open for the weekBitcoin, the largest cryptocurrency by market capitalization, tumbled around 5% to under $42,000. The SEC is using now-unsealed court records to bolster its Binance lawsuitThe SEC wants the court to weigh CZ and Binance's admissions in its plea agreements, which support its allegations. John Deaton levels allegations of misconduct against Elizabeth Warren over oversight failuresThe prominent crypto lawyer slammed the senator for failing to investigate SEC chair Gary Gensler's meetings with convicted FTX founder Sam Bankman-Fried. Latest Insights
More NewsLiquidium secures $1.25M pre-seed funding for Bitcoin Ordinal lendingLiquidium raises $1.25 million to introduce Bitcoin ordinal-based lending, signaling a new frontier in crypto asset collateralization. Google to update ad policy for ‘Crypto Trusts’ ahead of anticipated ETF approvalsGoogle's advertising policy will be updated in January to allow Bitcoin ETF adverts to be permitted on the platform. Solana-based Helium’s unlimited plan launch propels HNT to yearly highHelium Mobile's $20 monthly phone plan in the United States offers users unlimited data, talk, and text. Crypto investors place $8.6 million in short positions as market rally skepticism growsInflows into Bitcoin investment products remained strong, hitting a year-to-date of $1.7 billion. Bitcoin’s supply in profit shows bullish sentiment despite volatilityBitcoin's supply in profit reflects sustained market optimism, staying robust above the 50-day moving average despite recent corrections.
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