Meager Bitcoin recovery above $40k backfires for futures traders causing further $185M in liquidations
Meager Bitcoin recovery above $40k backfires for futures traders causing further $185M in liquidationsNotably, long traders on the crypto market lost nearly $150 million during the past day.
Happy Wednesday!The global crypto market cap is $1.57 trillion, with a 24-hour volume of $65.28 billion. The price of Bitcoin is $41,812.36, and BTC market dominance is 52.2%. The price of Ethereum is $2,205.08, and ETH market dominance is 16.9%. The best-performing sector is Real Estate, which gained 39%. The Crypto Fear & Greed Index is currently Greed (65). Top News
Meager Bitcoin recovery above $40k backfires for futures traders causing further $185M in liquidationsNotably, long traders on the crypto market lost nearly $150 million during the past day. SEC informs the court that Richard Heart has been servedHEX founder Richard Heart faces SEC allegations of defrauding investors and misappropriating funds for lavish personal spending. Donald Trump pitches ‘Mugshot Edition’ NFTs to his supporters for $99 eachTrump's new 'Mugshot Edition' NFTs tie digital collectibles to physical memorabilia from arrest, including the suit he wore in custody. USDC tops S&P Global’s stablecoin stability chart while Tether faces scrutinyAccording to S&P Global, USDC emerges as a leading stablecoin owing to low-risk asset backing, while USDT's insufficient reserve details gave analysts pause. Latest Insights
More NewszkSync Era integrates Chainlink price feeds to boost layer-2 capabilitiesChainlink's price feed ensures reliable data delivery by gathering information from various sources through a decentralized network of independent node operators. Goldman Sachs revises rate cut forecast, signaling potential boost for Bitcoin amidst monetary policy shift.Easing monetary policy may chart new course for Bitcoin, Goldman Sachs suggests Federal Funds Rate cut to 4.875%. Aptos unlocks nearly one-tenth of token supplyAptos' market value jumped 16% as it released nearly 9% of its total token supply on Dec. 12. =Nil; Foundation unveils advanced zkEVM to enhance Ethereum’s security and scalabilityThrough zkSharding and automated circuit compilation, =nil; aims to boost Ethereum transaction speeds drastically. NFT trading volumes surge as blue-chip collection prices hit roadblock following BTC dipThe trading volume of NFTs, including the top collections have steadily risen over recent months as Bitcoin NFTs soar ahead.
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Gary Gensler dismisses role of crypto in capital markets while fielding Bitcoin ETF questions
Friday, December 15, 2023
The SEC Chair appeared prepared to speak extensively on new reforms in Treasury markets, but found himself answering inevitable questions about pending Bitcoin ETF applications.
Fresh outrage erupts over Elizabeth Warren’s anti-crypto bill as five more senators sign on
Tuesday, December 12, 2023
As Senate support grows, Elizabeth Warren's sweeping crypto regulation bill raises serious concerns over Bitcoin privacy and infrastructure.
Bitcoin 5% correction triggers $400M liquidations as Asia markets open for the week
Monday, December 11, 2023
Bitcoin, the largest cryptocurrency by market capitalization, tumbled around 5% to under $42000.
Bitcoin mining: A catalyst for energy sustainability
Sunday, December 10, 2023
Exploring how Bitcoin mining can actively contribute to the stability and efficiency of power systems.
Ethereum developers set roadmap for an eventful 2024
Saturday, December 9, 2023
Developers anticipate several important upgrades over the next year, including forking the Goerli testnet and activating the Dencun upgrade.
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Bitcoin’s sharp rise and fall starts week with $418 million in liquidations
Monday, January 13, 2025
Crypto positions unwind with $245M in longs liquidated across major exchanges. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
₿ US-based entities hold 65% more BTC reserves than non-US entities; Crypto.com launched stocks and ETFs trading i…
Monday, January 13, 2025
US-based entities hold 65% more BTC than non-US entities; Crypto.com launched stocks and ETFs trading in the US; South Korea is reportedly planning to gradually allow institutional crypto trading ͏ ͏ ͏
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Monday, January 13, 2025
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Monday, January 13, 2025
In December, major exchanges recorded a 14% increase in spot trading volume, with Bitget leading at 102% growth, and a 6% rise in derivatives trading volume, where Gate saw the largest increase at 111%
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Sunday, January 12, 2025
High exchange inflows from day traders indicate short-term trading activity as the key driver behind Bitcoin's price volatility. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Sunday, January 12, 2025
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FDIC interim chair calls crypto debanking ‘unacceptable’ amid concerns over Operation Chokepoint 2.0
Saturday, January 11, 2025
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