On February 26, Bitcoin’s value plummeted to $86,099, marking a startling decline that shed approximately $1.06 billion from the overall cryptocurrency market capitalization. This price dip sent shockwaves through the crypto community, resulting in the liquidation of around 230,000 positions, as reported by Coinglass. Such a significant drop raises concerns about investor confidence and the
Bitcoin has recently experienced a seismic shift in its price, with the cryptocurrency plunging below the $90,000 mark for the first time since November 2024. This significant decline caught many investors off guard, most notably those who had a bullish outlook. The reverberations have stretched across the entire cryptocurrency landscape, triggering fears of a broader
In an alarming turn of events, the U.S. spot Bitcoin exchange-traded fund (ETF) market has experienced an unprecedented exodus of capital, recording its largest single-day outflow of nearly $938 million. This staggering figure occurred on February 25, coinciding with a significant drop in Bitcoin’s price, which fell below the critical threshold of $87,000, marking its
On February 25, Aya Miyaguchi officially transitioned from her role as Executive Director to the President of the Ethereum Foundation (EF)—a shift she had contemplated for a whole year. The announcement comes at a pivotal moment for Ethereum, a platform challenged by market tension and performance debates that have recently ignited discussions among its global
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