Total market capitalization is in danger of dropping below $3 trillion following a $140 billion exodus from the digital asset space over the past several hours. The metric dropped to a three-week low of $3.02 trillion in late trading on Monday, with Bitcoin leading the decline in what was expected to be a volatile week. BTC […]
Bitcoin has tanked again in a typical and now repetitive late Sunday slump, sending the asset below $88,000 briefly. “Mass amounts of economic data from the government shutdown have officially arrived,” said the Kobeissi Letter, highlighting key inflation reports out this week. Meanwhile, US President Trump has touted the success of his trade tariffs, claiming […]
Bitcoin prices have recovered to exceed $93,000 again during early trading in Asia on Wednesday morning. The move comes less than two days after it dumped to $84,000 in the latest violent leverage flush. The asset has now recovered all losses from that drawdown and is sitting at a crucial resistance point. The move has also […]
The focus this week is on labor markets and backdated PMI reports, with September’s PCE inflation report also due. Investor outlook mostly improved last week as rate-cut expectations firmed, with CME futures pricing an 87% chance of a rate cut on December 10. Meanwhile, President Trump says he has decided who will be the next […]
Bitcoin’s price dropped by close to $6,000 a few hours ago, decreasing from over $91,000 to almost $85,000 on Binance. The sharp decline happened in less than a few hours, leaving over $650 million worth of liquidated positions – a stark 390% increase as opposed to the previous 24 hours. Source: TradingView As CryptoPotato reported yesterday, the […]
Amundi has launched Europe’s first tokenized share of a money market fund (AMUNDI FUNDS CASH EUR), making it available through both traditional and blockchain-based distribution, according to an announcement on Thursday. The fund uses distributed ledger technology and the public Ethereum blockchain “to ensure transparent record-keeping of fund units and traceability of transactions,” technology partner […]
Bitcoin’s recovery from its dump below $81,000 late last week started off well but appears to have stalled over the past 24 hours. Now questions are being asked about whether it truly has bottomed or whether it will fall even further. A Santiment analyst said on Wednesday that social media sentiment has turned notably bearish, with […]
Crypto markets have hemorrhaged around a trillion dollars over the past month in the largest panic-induced retail sell-off since the COVID pandemic. However, market analysts remain confident that the bull market will continue, and we have not entered a bear market yet. Analyst ‘Sykodelic’ echoed the sentiment, opining that over the next month, “we are going […]
The spot Bitcoin ETFs in the United States set a new record in terms of trading volume on Friday, which was categorized as “wild but normal” by experts. This came amid turbulent times for the underlying asset, which experienced a substantial price volatility that included a drop toward $80,000 and a subsequent recovery of almost […]
El Salvador has intensified its Bitcoin strategy despite one of the year’s steepest market pullbacks, after adding more than 1,000 BTC in a single move and pushing its reported holdings to roughly 7,500 BTC. According to the country’s Bitcoin Office, the latest acquisition is worth around $100 million and was executed as the cryptocurrency briefly […]