Bitcoin Price Dips Below $80K as Market Faces $1 Trillion Sell-Off
Bitcoin and the broader crypto market have been hit hard in recent weeks, shedding a staggering $1 trillion in value. The sharp downturn follows growing concerns about inflation, interest rates, and a potential U.S. recession, all of which have spooked investors. The bitcoin price has slipped below $80,000, dragging down
Crypto Investment Funds Bleed $4.75B as Market Sell-Off Worsens
The crypto investment market is facing a sharp downturn, with funds seeing outflows for four consecutive weeks. Last week alone, investors pulled out $876 million, pushing the total four-week outflow to a staggering $4.75 billion. Post-Election Gains Wiped Out The ongoing sell-off has erased gains made since November 2024, following
Crypto Equities Tumble as Bitcoin Falls Below $81K
Bitcoin’s price dipped as low as $80,226, triggering a broad sell-off across the crypto market. Major altcoins also faced significant losses, reflecting heightened investor anxiety. Crypto-Linked Stocks See Red The downturn extended to traditional markets, with crypto-adjacent stocks sliding in pre-market trading on Monday. MicroStrategy (MSTR) and Coinbase (COIN) both
XRP Faces Potential Decline Amid Market Uncertainty
Bulls Struggle to Maintain Momentum XRP’s price has staged a modest recovery after hitting a low of $1.94 on February 28. However, it continues to trade below a key resistance zone, raising concerns about further declines. The altcoin is currently valued at $2.19, and analysts warn that if bulls fail
Crypto Firms Spend $134M on 2024 US Elections, Raising Influence Concerns
Cryptocurrency companies poured over $134 million into the 2024 US elections, sparking concerns over their growing political influence and the potential risks to regulatory stability, according to a report by the Center for Political Accountability (CPA). Growing Political Influence Raises Concerns The increasing involvement of crypto firms in US politics
BBVA Introduces Trading Services for Bitcoin and Ether
Spanish banking leader BBVA is gearing up to introduce Bitcoin and Ether trading options for its clients, having secured the green light from the Spanish securities authority. The initial rollout will cater to a select group of users, with intentions to eventually extend these services to the wider private banking clientele. This
Bitcoin Price Drops as Trump’s Strategic Reserve Plan Disappoints
Bitcoin’s price has taken a sharp dive, losing over 5% in the last 24 hours, falling to $88,100. The drop comes after US President Donald Trump’s announcement of a Strategic Bitcoin Reserve failed to meet market expectations, leading to increased uncertainty among traders. Market Reacts to Strategic Bitcoin Reserve On
Bitget Introduces 20x Leverage and Trading Bot Support for REDUSDT Futures Trading
Bitget, the leading cryptocurrency exchange and Web3 company, has introduced REDUSDT perpetual futures trading with a maximum leverage of 20x. This new offering is now available on both the Bitget website and mobile application, enhancing trading opportunities for users. The REDUSDT-M perpetual futures contract is settled in USDT and features
Bitcoin Price Drops as Trump’s Strategic Reserve Plan Disappoints
Bitcoin’s price has taken a sharp dive, losing over 5% in the last 24 hours, falling to $88,100. The drop comes after US President Donald Trump’s announcement of a Strategic Bitcoin Reserve failed to meet market expectations, leading to increased uncertainty among traders. Market Reacts to Strategic Bitcoin Reserve On
New York Proposes Strict Crypto Fraud Bill to Tackle Rug Pulls and Key Theft
New York lawmakers are taking a firm stance against crypto fraud with a new bill aimed at curbing deceptive practices such as rug pulls and private key theft. The proposed legislation, Assembly Bill 6515, seeks to amend the state’s penal law by establishing criminal penalties for fraudulent activities related to
