Crypto Market Declines Amid Investor Uncertainty
The cryptocurrency market has witnessed a notable downturn, with the total market capitalisation falling by over 2.5% to approximately $3.15 trillion on 7 February. A combination of liquidations, investor caution ahead of US jobs data, and weakening technical indicators has contributed to the decline. Market-Wide Sell-Off and Liquidations The recent
Kentucky Introduces Bitcoin Reserve Bill, Joining Growing US Trend
State Could Invest Up to 10% of Excess Reserves in Digital Assets Kentucky has become the latest US state to propose a Bitcoin reserve bill, further strengthening the adoption of digital assets at the state level. The legislation, known as KY HB376, was introduced on 6 February by State Representative
US Court Fines EmpiresX Founders $130M in Cryptocurrency Fraud Case
Brazilian Founders Penalised for Defrauding Investors A US federal court has imposed fines exceeding $130 million on the Brazilian founders of EmpiresX, an illegal cryptocurrency investment platform, for orchestrating a fraudulent scheme that misled investors. The Commodity Futures Trading Commission (CFTC) announced the penalties, which include financial restitution and a
Ethereum Price Surges Amid Pectra Upgrade Hype and ETF Inflows
Ethereum (ETH) is leading the cryptocurrency market on 6 February, posting a 4% daily gain to surpass the $2,800 mark. While the total crypto market capitalization has risen by 0.65% to $3.23 trillion, ETH’s outperformance can be attributed to multiple bullish catalysts, including excitement around the upcoming Pectra upgrade, increasing
Bitcoin Production Declines as Miners Battle Rising Hashrate
Miners Face Growing Challenges Amid Rising Network Difficulty Bitcoin miners reported a decline in monthly production in January as network difficulty continued to rise, making it harder to confirm transactions and mine new blocks. While major miners such as Hut 8, Marathon Digital (Mara), and Bitfarms experienced a drop in
Bybit Fined $1 Million by India’s Financial Regulator Over Compliance Violations
Crypto Exchange Penalised for Operating Without Registration Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been fined $1.06 million (₹9.27 crore) by India’s Financial Intelligence Unit (FIU) for failing to register under the Prevention of Money Laundering Act (PMLA). The penalty follows previous compliance issues that led to
Bitcoin Price Drops Amid Tariff Announcement, Threatening Key Support Level
Bitcoin’s price has fallen sharply in the past 24 hours, dropping over 5% to $95,279. The decline follows the announcement by former US President Donald Trump of new tariffs on imports from Canada, Mexico, and China. The cryptocurrency market has reacted negatively, with top-cap assets experiencing similar downturns due to
Crypto Market Liquidations Could Hit $10 Billion as Trump Tariffs Shake Market
Bybit CEO Warns of Massive Liquidations The cryptocurrency market has faced a severe downturn, with liquidations potentially reaching $10 billion, according to Bybit CEO Ben Zhou. This comes amid wider economic concerns following US President Donald Trump’s decision to impose import tariffs on China, Canada, and Mexico. Data from CoinGlass
Retail Bitcoin Sellers Cash Out $625M as Whales Hold Steady
Retail Investors Offload 6,000 BTC to Binance in January Retail Bitcoin investors have been cashing in on their holdings, sending a total of 6,000 BTC—valued at approximately $625 million—to Binance this month. However, large-scale investors, known as whales, have largely refrained from major selling. New data from on-chain analytics platform
Bitcoin’s February Momentum Tied to US Labour Market Data
Bitcoin’s price trajectory for February is set to be influenced by a crucial US labour market report, with analysts closely watching its potential impact on investor sentiment and Federal Reserve policy expectations. Labour Market Data to Shape Bitcoin’s Performance The US Bureau of Labour Statistics is scheduled to release its
