The U.S. labor market is cooling rapidly, a blow that could force the Federal Reserve to loosen its purse strings and potentially impose a floor under the price of bitcoin. BTC$64,948.25. Planned layoffs, or job cuts that companies have announced but not yet executed, jumped 205% to 108,435 in January, according to data tracked by […]
Ether ETH$1,907.78 has been criticized from all angles lately, dipping below $2,000, with selling pressure emanating from all angles of the market, including Ethereum founder Vitalik Buterin and derivatives traders. The second-largest cryptocurrency is currently trading around $1,950, down 60% since August and 42% since January 14. Its plight can partly be attributed to what
Why ETH is underperforming during this crypto plunge Read More »
Bybit and Block Scholes Report Reveals Derivatives Markets Signal Cautious Stability Despite Bitcoin At 15-Month Low
Bitcoin rebounded sharply in Asia on Friday after a fresh wave of selling briefly pushed the token toward $60,000, extending a sharp decline that has now brought the world’s largest cryptocurrency more than 50% below its October peak. BTC fell 4.8% to around $60,033 in late US hours, before recovering to $65,926. The move follows
Bitcoin climbs to $65,000 after $700 million in liquidations Friday morning Read More »
Jefferies says the latest crypto selloff shows few signs of an imminent bottom, even as bitcoin and ether hover near levels that have historically attracted dip buyers. In a research note released this week, the bank described the economic slowdown as a liquidity-driven correction rather than a collapse in blockchain activity, instead pointing to continued
Bitcoin’s plunge to near $60,000 on Thursday, a nearly 30% drop over 7 days, led traders on Flood, a prominent crypto trader, called it in an article the most vicious sell-off he had seen in years and said it seemed “forced” and “indiscriminate,” floating possibilities ranging from a sovereign dumping of billions to a blowout
Is an explosion of hidden hedge funds behind Bitcoin’s $60,000 crash? Read More »
Crypto market sentiment has plummeted to its darkest level since the FTX collapse after Bitcoin’s sharp decline this week dragged down prices across the board and forced a wave of deleveraging. The widely followed Crypto Fear and Greed Index fell to 9 on Friday, a reading classified as “extreme fear” and which has historically only
Crypto Sentiment Gauge Hits FTX-Era Lows as “Extreme Fear” Hits Reading of 9 Read More »
Talk about frenzied trading. BlackRock’s Bitcoin exchange-traded fund, called IBIT, hit a wild record on Thursday with more than 284 million shares traded, according to Nasdaq data. This represents over $10 billion in notional value. To put things in perspective, this beat the old record of 169.21 million shares from November 21 by 169%. The
Bitcoin miner MARA transferred 1,318 BTC worth approximately $86.89 million to a mix of counterparties and custodial locations in the last 10 hours, according to on-chain data tracked by Arkham. The biggest share went to Two Prime. One transfer sent 653,773 BTC, or approximately $42.01 million, to an address labeled Two Prime, along with a
Bitcoin miner MARA transfers $87 million BTC to various trading desks and exchanges Read More »
A US advisory urging US citizens to “leave Iran now” is circulating online again, adding another layer of major risk to a crypto market already reeling due to high volatility and forced liquidations. 🚨BREAKING: The US government tells its citizens to LEAVE IRAN IMMEDIATELY. Could this be why the markets are attacking today? Are we
US view on Iran resurfaces ahead of nuclear talks Read More »
