Bitcoin’s sudden dip under $95k incurs $180 million in trader losses, stalls $100k momentum
Bitcoin’s sudden dip under $95k incurs $180 million in trader losses, stalls $100k momentumTurbulent hour for traders as Bitcoin slip below $95,000 incites major liquidations for crypto traders.
Happy Monday!Bitcoin's recent drop below $95,000 has triggered a wave of turbulence in the crypto markets, resulting in over $180 million in liquidations as traders react to the sudden shift. This volatility comes amid Cardano's Charles Hoskinson announcing legal action against Wyoming's stablecoin commission for failing to adhere to inclusive blockchain practices. Meanwhile, El Salvador is exploring a unique strategy by considering the rental of 170 volcanoes to Bitcoin miners, aiming to capitalize on its geothermal resources. In another significant development, Donald Trump’s former Commerce Secretary has partnered with Cantor Fitzgerald to collaborate with Tether on a $2 billion Bitcoin project, further intertwining traditional finance with the crypto landscape. Stay tuned for more updates on these unfolding stories! 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $3.31 trillion, with a 24-hour volume of $212.07 billion. The price of Bitcoin is $96,280.19, and BTC market dominance is 57.4%. The price of Ethereum is $3,508.73, and ETH market dominance is 12.7%. The best-performing sector is Staking, which gained 18%. The Crypto Fear & Greed Index is currently Greed (82). Bitcoin’s sudden dip under $95k incurs $180 million in trader losses, stalls $100k momentum
Turbulent hour for traders as Bitcoin slip below $95,000 incites major liquidations for crypto traders. 📰 Top News
Cardano’s Charles Hoskinson vows legal action over Wyoming stablecoin snubWyoming's stablecoin commission faces backlash from Cardano for bypassing inclusive blockchain procedures. El Salvador toys with renting 170 volcanoes to Bitcoin miners, aims to disrupt industryEl Salvador's unrealized bitcoin gains rise as innovative geothermal law takes shape. Donald Trump’s Commerce Secretary picks Cantor Fitzgerald to collaborate with Tether on $2B BTC projectHoward Lutnick's firm Cantor Fitzgerald, which holds most of Tether's reserves, has also agreed to acquire a 5% stake in Tether.
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📈Latest Market Report
Polymarket: A revolution in prediction marketsCryptoSlate's latest report dives deep into Polymarket's evolution, its pivotal role in high-stakes prediction events like US elections, and the implications of its controversies on its market position.
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Polymarket: A revolution in prediction markets
Sunday, November 24, 2024
CryptoSlate's latest report explores Polymarket's evolution, its role in high-stakes prediction events like US elections, and the impact of its controversies on its market position. ͏ ͏ ͏ ͏ ͏ ͏
Blockchain Association urges Trump to tackle crypto reform in first 100 days
Saturday, November 23, 2024
The association sent a letter with five priorities to the President-elect, including regulatory clarity and ending crypto firms' "debanking." ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Galaxy Digital CEO Mike Novogratz says Bitcoin reaching $100,000 is ‘just the start’
Friday, November 22, 2024
Galaxy's CEO also warned that the market is currently heavy with leverage, with a correction until $80000 being possible after the $100000 is surpassed. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Cardano’s Charles Hoskinson nominates Coinbase’s Brian Armstrong for Donald Trump’s crypto czar
Thursday, November 21, 2024
Hoskinson cites Armstrong's leadership at Coinbase as key to overcoming regulatory hurdles and promoting industry unity. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
BlackRock supports US strategic Bitcoin reserve amid rumors of executive order
Wednesday, November 20, 2024
Porter also revealed that state governments are rushing to pass legislation establishing their own Strategic Bitcoin Reserves before Trump signs an executive order. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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DeFi & L1L2 Weekly — 📈 Polymarket recorded a new high of 462.6k active users in Jan despite volume dip; Holesky a…
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