TLDR: Bitcoin has fallen 10% below its price after the election, wiping out any gains from Trump’s victory in November. Crypto markets have lost $2.2 trillion in value since October 10, a 50% drop due to structural problems. A record $19.5 billion liquidation on October 10 caused a disruption to the market structure that continues […]
The declines follow a volatile week in global markets, which also saw sharp swings in gold and silver. While precious metals found buyers on Tuesday after recent losses, cryptocurrencies failed to gain support. Bitcoin and US stocks fell as rising tensions between the US and Iran prompted investors to seek safe assets.Bitcoin’s plunge casts doubt […]
Bitcoin fell more than 4% over the past 24 hours to trade at the $97,451 level on Friday, crashing below the $100,000 psychological barrier and causing panic in the markets as the sell-off intensifies.Ethereum fell more than 9% in the past 24 hours, trading at the $3,151 level. Among the major altcoins, XRP, BNB, Solana, […]
Bitcoin extended its sharp sell-off on Saturday, falling 8.4% to $104,782, after US President Donald Trump escalated the trade war with China by imposing 100% tariffs on Chinese technology exports and export controls on “all critical software”. The announcement caused a record $19 billion loss in the cryptocurrency market, sending major tokens into a tailspin […]