The Bitcoin (BTC) price crash has claimed its first victims. A total of $753 million was liquidated on Bitcoin futures trading exchange BitMEX in the last 24 hours, according to data site DataMish. The majority, some $646 million, came in the last hour.
Crypto commentator Joseph Young noticed the widespread liquidations. He followed up a tweet about them saying, "The halving came. It's just that instead of block rewards, the Bitcoin price halved."
The halving came. It's just that instead of block rewards, the bitcoin price halved.
As Decrypt reported, the price of Bitcoin fell $1,000 in the last two hours, plummeting from $7,300 to a low of $5,500. The price of Bitcoin is currently hovering at $6,000.
Bitcoin (BTC) has just crashed below $6,000 for the first time since May 2019 after losing more than 20% of its value in less than a day.
The price of Bitcoin briefly touched below $5,900 after more than $1,500 was wiped from its value in under an hour. Then the price rebounded back up to $6,700. Right now the price is $6,400 but it's changing rapidly and is varied across exchanges.
Bitcoin's market capitalization now sits at just under $120 billion—down from almost $142 billion this time yeste...
The whole market has been affected by the price crash. All coins—barring stablecoins—are in the red, with many posing losses between 20 and 30%. Ethereum (ETH) is down 30% to $137 and XRP has dropped 21% to $0.16.
The native token of DeFi lending protocol Aave has surged by double-digit gains on the day, rallying alongside a key procedural vote in Congress on the long-anticipated GENIUS Act.
If enacted, the bill would provide long-awaited regulatory clarity for stablecoins—a sector in which Aave is deeply embedded.
Specifically, the act would allow banks and other companies to issue their own stablecoins provided they meet certain requirements, adding to further speculation it could bring about wider inst...
JP Morgan boss Jamie Dimon said on Monday that his bank will allow its customers to buy Bitcoin—the latest sign of the bank's increased openness to the asset, despite Dimon's years of criticizing the largest crypto by market value and digital assets more widely.
In remarks during the investment bank's investor day, Dimon said that JP Morgan clients would soon be able to buy BTC, although the bank wouldn't custody it.
"We are going to allow you to buy it," Dimon said at the bank's annual invest...
Leading cryptocurrency Bitcoin has had a volatile start to the week as it rose 2.5% from $103,850 to $106,500 before slumping 3.8% to $102,450 on Monday.
With Bitcoin’s major moves $178.46 million worth of positions have been liquidated over the past 24 hours, according to CoinGlass, with a fairly equal split between long and short positions.
This comes as a class action lawsuit was filed against MicroStrategy, the firm led by Michael Saylor that is bullishly acquiring Bitcoin, claiming that the...
