Bitcoin Price Rally Collapse Wipes Out $295M in Long Positions
Key Takeaways Bitcoin dropped below $78,700 before recovering to $79,500 after strong U.S. employment data on Friday. Reduced Fed rate-cut odds triggered over $295 million in long liquidations across crypto markets. Raoul Pal expects currency debasement to drive Bitcoin above…
3 Reasons Why Dogecoin (DOGE) Is Ready for a Breakout
Whales have bought 400 million DOGE in just five days, potentially setting the stage for a price uptrend. The OG meme coin has jumped by 5% over the past 24 hours following the renewed green wave sweeping through the…
Polygon co-founder launches Nepal crypto relief drive
Polygon co-founder Sandeep Nailwal has launched a stablecoin donation channel for Nepal’s official disaster fund, with Blockchain for Impact pledging $100,000 to the campaign. Summary The campaign accepts cryptocurrency before converting the funds into Nepalese rupees for the government relief…
Ethereum Price Holds Firm as Mystery Whale Dumps 167,855 ETH
Key Takeaways Lookonchain says the whale deposited all 167,855 ETH across multiple exchanges between Aug. 30 and Sept. 4. At the time, ether traded near $2,520, with spot ETH ETFs adding $141 million on Sept. 3. By 10 a.m. EDT…
BTC Stopped at $82K as Strong US Jobs Report Shakes Markets, Strategy Resumes Buying: Weekly Recap
Strategy returned to the bitcoin-buying scene after a 2-month hiatus. However, the company sold low and bought high. It was another eventful week in the cryptocurrency markets as August closed, with BTC ending in the green for the first…
Michigan Blocks Predictions Markets Platform Kalshi From Offering Sports Bets in the State
A Michigan court is barring a prediction market platform from offering sports wagers to state residents or risk massive daily fines for failing to block access. The order requires KalshiEx, LLC to maintain geofencing using a state-licensed third-party provider, with…
Bitcoin price stalls near $82K as key resistance holds
Bitcoin price pulled back after briefly breaking above $82,000 on Sept. 4, as traders took profits following a short squeeze driven by softer Federal Reserve expectations and renewed demand for US spot Bitcoin ETFs. Summary Bitcoin price retreated toward $81,150…
Bitcoin Spikes Above $82K After Heavy Short Liquidations
Key Takeaways On Sept. 3, bitcoin jumped above $82,000 as $250 million in short positions were wiped out. The short squeeze drove broad crypto liquidations to $758 million, spurring a 21% rally in Zcash (ZEC). One analyst says BTC open…
Bitcoin Price Plunges After Blowout US Jobs Report: Here’s Why
BTC’s progress to over $81,000 came to a halt after the release of the jobs report. The US economy added almost three times as many jobs as expected in August, triggering an immediate sell-off for risk-on assets like bitcoin…
FinCEN flags $12.7B tied to Southeast Asia crypto investment scams
The U.S. Treasury’s Financial Crimes Enforcement Network has linked approximately $12.7 billion in suspicious financial activity to digital asset investment scams largely run from overseas scam compounds, based on nearly 34,000 reports filed over more than two years. Summary FinCEN…
