In a matter of just 24 hours, Bitcoin experienced a dramatic drop, erasing over $10,000 from its value and ultimately declining by more than 10%. The sudden decline triggered an avalanche of liquidations across the entire cryptocurrency space, accumulating astonishing figures exceeding $1.6 billion. Amid this upheaval, the crypto community remained fixated on the staggering
In recent days, Bitcoin (BTC) has faced significant turmoil, shedding nearly 13% of its value, which has raised eyebrows among investors and analysts alike. Following a high of approximately $99,400 on February 21, the cryptocurrency has plummeted to around $86,300, marking its lowest point in over three months. Understanding the multitude of factors that have
The cryptocurrency landscape is undergoing significant transformation, particularly in the realm of exchange-traded funds (ETFs). The recent acknowledgment by the U.S. Securities and Exchange Commission (SEC) of Grayscale’s application for a spot Cardano (ADA) ETF marks a pivotal moment in the regulatory journey for cryptocurrencies in America. This move not only signifies increasing acceptance of
In a remarkable turn of events, cryptocurrency exchange Bybit successfully repaid a significant loan of 40,000 Ethereum, equivalent to approximately $99.98 million, to rival exchange Bitget. This loan was extended to Bybit following a traumatic security breach that saw around $1.4 billion in assets compromised. The repayment, as reported by blockchain analytics firm Lookonchain on
OKX, a prominent cryptocurrency exchange, recently established its commitment to achieving robust regulatory compliance, particularly after reaching a significant $500 million settlement with U.S. authorities. The settlement stems from various compliance shortcomings, including operating an unregistered money-transmitting business in the U.S. and failing to adhere to anti-money laundering (AML) laws. While these challenges raise questions
In the fluctuating world of cryptocurrency, Bitcoin’s latest decline has sent shockwaves through the market, leading it to its lowest valuation since mid-January, when it broke the $90,000 barrier. As of now, it appears the cryptocurrency has suffered a considerable blow, with a net loss of over $9,000 since its peak last Friday, when it
As the cryptocurrency market faces intermittent fluctuations, Bitcoin (BTC) finds itself grappling with challenges that threaten its recent bullish momentum. Having dipped below the critical threshold of $95,000, the leading cryptocurrency is under pressure and may face further declines. Analysts are observing closely as February draws to a close, drawing attention to essential levels that
The recent decision by the U.S. Securities and Exchange Commission (SEC) to cease its investigation into Robinhood Crypto marks a significant turning point for the cryptocurrency market. As of February 21, the inquiry that began with a Wells Notice in May 2024 has been officially closed, with the SEC choosing not to proceed with any
Ethereum has been engulfed in a lengthy phase of consolidation, hovering uneasily below significant resistance levels. Over the course of the last week, the cryptocurrency’s price movements have been confined to a narrow band between $2,650 and $2,750, creating a cloud of uncertainty among traders and investors alike. This sideways trading has sparked concerns regarding
In a bold move, prominent financial industry organizations are urging the Biden administration to rethink and possibly abolish the stringent federal policies that restrict banks from delving into digital asset markets. This plea comes at a time when the global financial landscape is rapidly evolving, and American banks find themselves at a crossroads between innovation