In a shocking turn of events, Bitcoin experienced one of its most turbulent days, witnessing a staggering decline exceeding 10%. This downward movement translated into a loss of approximately $10,000 in value, a significant shake-up not just for Bitcoin, but for the entire cryptocurrency market. Such extreme volatility triggered a colossal wave of liquidations, with
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Bitcoin has faced significant turbulence recently, experiencing a steep decline in value that saw the cryptocurrency drop almost 13% in just a few days. From a staggering high of $99,400 on the 21st of February, Bitcoin plummeted to around $86,300, marking its lowest level in over three months. This dramatic downturn has raised questions about
In a notable financial maneuver following a serious security breach, Bybit has successfully repaid a 40,000 Ethereum ($99.98 million) loan to Bitget. The repayment occurred on February 24, subsequent to a $1.4 billion exploit that left Bybit reeling from an attack aimed at its Ethereum cold wallet. The blockchain analysis firm Lookonchain reported the transaction,
In a significant development within the cryptocurrency investment landscape, Grayscale, the leading digital asset management firm, has taken bold steps towards securing regulatory approval for a cryptocurrency exchange-traded fund (ETF) focused on Cardano (ADA). This move, along with a proposal to transform its XRP Trust into an ETF, marks a pivotal moment for the company
In an era where regulatory scrutiny on cryptocurrency exchanges intensifies, OKX has found itself amidst a tumultuous landscape marked by a hefty $500 million settlement with U.S. authorities. On February 24, CEO Star Xu publicly acknowledged the company’s previous compliance shortcomings, emphasizing that U.S. users constituted a mere fraction of their overall clientele. This admission
Bitcoin (BTC) has recently experienced significant volatility as it struggles to maintain its upward momentum, plummeting below the $95,000 threshold. This decline has raised concerns about the cryptocurrency’s ability to sustain its long-term bullish trend, particularly as market analysts call for a reclaim of crucial price levels. The fluctuations come at a time of heightened
In the past 24 hours, Bitcoin’s prices have experienced significant turmoil, plummeting to levels not seen since early January. The cryptocurrency has dipped to just over $90,000, marking a notable decline of over $9,000 from its recent high of $99,500 on Friday. This sharp drop has not only unsettled individual investors but has also raised
Ethereum, once the crown jewel of the cryptocurrency market, finds itself in a precarious position as it navigates a period of stagnation and uncertainty. For over a week, it has been trading within a narrow band between $2,650 and $2,750, reflecting a decisive absence of momentum. Investors are increasingly concerned as Ethereum has struggled to
In a significant turning point for the cryptocurrency industry, Robinhood Crypto has been absolved from a prolonged investigation by the U.S. Securities and Exchange Commission (SEC). Announced on February 21, this closure signals a shift in the SEC’s regulatory approach following a Wells notice issued in May 2024. The SEC’s decision not to pursue enforcement
The financial sector in the United States is at a critical juncture, facing challenges that could impede its innovative spirit, particularly in the realm of digital assets. Prominent banking groups have recently put forth a compelling case to the current administration, advocating for a reassessment of federal policies that inhibit banking institutions from fully engaging
In recent developments, the European Union (EU) has escalated its measures against Russia due to the ongoing conflict in Ukraine. As part of its 16th wave of sanctions, the EU has targeted Garantex, a cryptocurrency exchange based in Russia, to further curtail Russia’s financial avenues. Official statements released on February 24 highlight the exchange’s pivotal
The cryptocurrency landscape can often feel like a tempest – unpredictable and tumultuous. Cardano (ADA) currently finds itself at the heart of this storm, hovering just below the $0.80 threshold after undergoing significant fluctuations and downward pressures in recent weeks. Investors are combing through the market with a mix of caution and hope, weighing the
In an astonishing showcase of speed and capability, Berachain, the EVM-identical Layer 1 blockchain, has made significant strides since its Mainnet launch. Within a short span of just 20 days, Berachain’s Total Value Locked (TVL) soared to a staggering $3.27 billion, enabling it to outpace some of the industry’s giants like SUI, Avalanche, and Arbitrum.
In an alarming revelation within the cryptocurrency sphere, Infini, a stablecoin bank predominantly operating with USDC, has experienced a substantial security breach, leading to the theft of approximately $49 million. On-chain analysis uncovered that vulnerabilities stemmed from an exploiter exploiting administrative privileges that were improperly managed. This incident not only exemplifies the fragility of digital
Citadel Securities, a well-known entity in the financial industry, is reportedly setting its sights on the cryptocurrency market by venturing into market making. This strategic expansion, as reported by Bloomberg News, aims to inject liquidity into prominent crypto exchanges such as Coinbase, Binance, and Crypto.com. This marks a notable shift for a company that has
The cryptocurrency markets, particularly Bitcoin, have entered a phase of intense scrutiny, with financial analysts and crypto enthusiasts alike closely monitoring price movements. Recent market behaviors indicate that Bitcoin, the flagship cryptocurrency, finds itself at a precarious junction—a consolidation zone that raises concerns for potential further declines. Observers, such as crypto analyst Hamed_AZ, present a
Bitcoin has recently experienced a notable dip, falling below the critical 100-day moving average, which currently sits at $98,000. This movement suggests a concerning shift in market dynamics, as the cryptocurrency approaches the significant support level of $95,000. The contraction in trading activity signals a potential lack of enthusiasm among market participants, implying that Bitcoin
The crypto landscape is often fraught with risks, not only due to market volatility but also concerns over exchange integrity. OX.FUN, a derivatives exchange tied to the founders of the controversial Three Arrows Capital, Su Zhu and Kyle Davies, now finds itself at the center of a storm. Allegations of financial misconduct have surfaced, primarily
In recent weeks, the U.S. economy has shown signs of strain as various economic indicators paint a picture of uncertainty. Notably, the service-sector Purchasing Managers’ Index (PMI) has recorded its lowest level in over two years, suggesting that businesses are facing headwinds that could affect overall economic performance. Upcoming reports on Gross Domestic Product (GDP)
The cryptocurrency market is in a state of disarray as Bitcoin (BTC) has recently faced significant turbulence. After briefly sustaining price levels above $96,000 over the weekend, BTC fell below this vital threshold, marking a bearish sentiment that resonates throughout the crypto landscape. The volatility became apparent as BTC struggled to retain its value, experiencing
In recent years, a disconcerting shift has emerged in the landscape of financial fraud, particularly with the malicious phenomenon known as “Pig Butchering.” Traditionally, older adults were viewed as the primary victims of such scams, primarily due to their vulnerability and potentially limited understanding of technology. However, recent studies indicate that the demographic profile of
In the world of finance, few themes are as captivating as the contrasting fates of Bitcoin and gold over recent months. Traditionally viewed as a hedge against inflation and economic instability, gold has soared to unprecedented levels, nearing the $3,000 per ounce mark for the first time in history. In stark contrast, Bitcoin, the flagship
Cardano (ADA), a prominent player in the cryptocurrency landscape, finds itself at a significant crossroads. Trading recently at around $0.80, it faces a decline of over 40% from its peak in December. This bearish trend emphasizes the turbulence faced by Cardano, especially in the wake of its founder, Charles Hoskinson’s recent remarks regarding competition in
In the fast-paced world of cryptocurrency, trends can shift dramatically, and investor sentiment is notoriously fickle. The landscape for Bitcoin exchange-traded funds (ETFs) in the United States has recently taken a downward turn. February 2025 is shaping up to be a particularly challenging month for Bitcoin ETFs, as evidenced by significant withdrawals and a striking
The cryptocurrency market is notorious for its volatility, and Cardano (ADA) is no exception. Recently, the token faced significant trading turbulence sparked by a massive hack that hit the Bybit exchange, valued at $1.4 billion. This shocking incident sent ripples through the crypto community, triggering a wave of panic selling that affected not only Cardano
The cryptocurrency market experienced significant turmoil last Friday, triggered by a staggering hack on Bybit that resulted in the loss of approximately $1.5 billion worth of Ethereum from one of its hot wallets. This incident led to a sharp decline in Bitcoin’s (BTC) price, which initially began the week hovering around $97,000. However, the fluctuations
In a noteworthy development, Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands, and Hong Kong Telecommunications (HKT) have entered into a joint venture aimed at creating a stablecoin backed by the Hong Kong dollar. This collaboration reflects a crucial step towards integrating stablecoins into the region’s financial ecosystem, showcasing how diverse sectors can unite to