Today in Crypto: Key Developments and Market Trends
Libra Token Crashes After $107 Million Insider Rug Pull A cryptocurrency endorsed by Argentine President Javier Milei has collapsed after an alleged insider rug pull, wiping out nearly 94% of its value within hours. The Libra (LIBRA) token initially surged to a market capitalisation of $4.56 billion at 10:30 pm
Market Dynamics Are Affected by Trump’s Tariff Plans
In a bold move, President Donald Trump is considering declaring a national economic emergency to roll out a comprehensive tariff regime targeting both allies and adversaries. This initiative, potentially enacted under the International Economic Emergency Powers Act (IEEPA), seeks to alter global trade dynamics significantly. What Motivates Trump’s Tariff Approach?
Bitcoin Dips Below $95K as US Inflation Rises Above Expectations
Bitcoin and the wider cryptocurrency market saw a sharp downturn on 12 February after US inflation data came in higher than forecast, raising concerns over macroeconomic pressures on digital assets. Bitcoin Reacts to CPI Data Bitcoin (BTC) briefly dropped below $95,000 following the release of the US Consumer Price Index
Bitcoin Slumps Below $95K as U.S. Inflation Rises Faster Than Expected
The latest U.S. Consumer Price Index (CPI) data came in hotter than expected, triggering sharp declines in both crypto and traditional markets. Headline inflation rose 0.5% in January, surpassing the anticipated 0.3%, while core CPI—which excludes food and energy—climbed 0.4% against a forecast of 0.3%. On a year-over-year basis, CPI
Trump’s Tariff Suspension Sparks a Crypto Market Surge
President Donald Trump’s decision to suspend import tariffs on Canada and Mexico for 30 days created a positive wave across global markets. This development prompted a rapid recovery in the cryptocurrency market, with Bitcoin , Ethereum , and Ripple among many digital currencies experiencing gains. The surge in value was linked to
Bitcoin Supply Shock Looms as Exchange Reserves Hit Three-Year Low
Bitcoin Exchange Reserves Drop to 2.5 Million BTC Bitcoin (BTC) exchange reserves have reached their lowest level in three years, signalling a potential supply shock as institutional demand continues to rise. According to data from CryptoQuant, the total Bitcoin reserves across all cryptocurrency exchanges have declined to just 2.5 million
India revisits Crypto stance as nations ease regulations
India, the nation with the highest crypto adoption worldwide is once again reviewing its old skool takes over digital, as reported by Reuters citing a senior official the nation is re-examining its stance over cryptocurrencies with the changing mindset of other nations over the same. The economic affairs secretary of
Bitcoin Holds $95K Support Despite Intense Selling Pressure
Bitcoin has managed to remain above the critical $95,000 support level despite experiencing the heaviest selling pressure since 2022. Analysts warn that a drop below $93,000 could trigger $1.7 billion in liquidations amid mounting concerns over global trade tensions. Bitcoin Resilient Despite Heavy Selling The price of Bitcoin saw a
Bitcoin’s Chart Signals Point to a Potential Surge to $166K
Bitcoin has been under pressure this week as macroeconomic factors and geopolitical tensions weigh on investor sentiment. The crypto fear and greed index has slipped to the fear zone at 35, reflecting cautious market behavior. The key concerns include the ongoing trade tensions between the United States and China, with
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
