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 […]
Bitcoin was on Friday on track for a monthly loss in October for the first time since 2018, snapping a seven-year streak of gains that had given the month a lucky reputation among cryptocurrency traders. Bitcoin, the world’s largest cryptocurrency, is set to plunge nearly 5% this month as the digital asset has struggled in […]
More than $19 billion was liquidated from the cryptocurrency market on Friday – the largest single-day wipeout ever – after US President Donald Trump announced a 100% tariff on imports of “all critical software” from China. The shock move sent digital assets into a tailspin, leading to massive sell-offs and liquidations of major tokens. According […]