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Bitcoin loses $106,000 as bullish crypto bets rack up $800 million in liquidations

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Bitcoin fell below $106,000 on Friday morning as leveraged traders again faced heavy losses, with nearly $1.2 billion in crypto positions wiped out in the past 24 hours. The data showed that most of the damage came from long positions, reflecting the aggressiveness with which traders had positioned themselves for a rebound earlier in the […]

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Bitcoin plunges below $107,000, XRP and ADA down 17% on the week

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Bitcoin BTC$106,803.77 slipped below $107,000 during Friday’s Asian session, extending a slow downward drift as macroeconomic uncertainty and liquidity stress kept traders cautious in crypto markets. “The bounce from Sunday and Monday failed to develop and the 50-day moving average acted as local resistance,” noted Alex Kuptsikevich, FxPro chief market analyst, in an email. “The

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Near the exhaustion zone after a 34% holder withdrawal. And then?

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Strong selling pressure sends XRP down 2% before stabilizing near key support. Institutional positioning and new open interest suggest accumulation at current levels. News context XRP extended its decline during the October 16-17 session, sliding 2% from $2.41 to $2.36 amid an ongoing institutional sell-off. Market data shows daily volume of more than 150 million,

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Spot ETFs lose $536 million as prices fall below $110,000

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U.S.-listed crypto exchange-traded funds (ETFs) lost money on Thursday, ending a two-week streak of consistent inflows. The 11 Bitcoin BTC$110,901.10 ETFs saw a net outflow of $536.4 million, with investors withdrawing $56.8 million from ether ETFs. Data maintained by SoSoValue shows that BlackRock’s iShares Bitcoin Trust (IBIT) saw $29 million in outflows that day, while

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Figment Acquires Rated Labs to Strengthen Staking Data for Institutional Clients

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Figment, a major player in blockchain staking services, has acquired Rated Labs, a blockchain analytics company known for its validator performance data. The value of the acquisition was not revealed. The Toronto-based company, which manages more than $18 billion in staked assets, says the move will help its clients, primarily exchanges, custodians and asset managers,

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Stablecoins Reach Record Market Cap of $314 Billion as Institutional Race Intensifies: Canaccord

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The stablecoin market continued its rapid ascent, with overall capitalization reaching an all-time high of over $314 billion, as the growth of Tether’s USDT and Circle’s USDC (CRCL) led the way, according to broker Canaccord Genuity. With the GENIUS Act coming into effect, compliant stablecoins such as USDC are now treated equally to cash by

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Jito from Solana (SOL) Staking gets investment from a16z

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Jito Foundation, a crypto protocol that supports the Solana blockchain GROUND$186.69raised $50 million in a private token sale led by Andreessen Horowitz’s crypto a16z, it announced in a press release on Thursday. The funding will support the foundation’s efforts to scale the Jito network infrastructure, expand its development tools, and continue to develop liquid staking

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A resilient digital asset over the long term

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In today’s “Crypto for Advisors” newsletter, Canary Capital’s Josh Olszewicz breaks down Litecoin from its history to its growth. Then, in “Ask an Expert,” Institution’s Billy Luedtke answers questions about decentralized finance and its growth. Thanks to our newsletter sponsor this week, Grayscale. For financial advisors near Denver, Grayscale is hosting an exclusive event, Crypto

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