Bitcoin recently fell sharply, catching many investors off guard. Analysts say the sell-off happened due to a mix of macro factors and leveraged trading pressure. Together, these forces created a fast and intense wave of selling across the crypto market. Bitcoin has been relatively stable over the past few weeks. However, macroeconomic changes spooked traders
Story Highlights Bitcoin crashes below $86.5K, wiping $144B as traders react to Fed Chair Powell’s speech; altcoins ETH, XRP, and SOL follow the sell-off. China FUD, whale moves to USDT, and high BTC leverage fuel crypto crash; markets await Powell’s hints on rate cuts and future Fed policy. Bitcoin Price crashed ahead of Federal Reserve
Bitcoin (BTC) started December under pressure, falling after a failed attempt to reclaim key resistance near $93,000. As a result, the move has sparked debate among analysts about whether the recent price action is a pause before a rally or the start of a deeper decline. Resistance at $93K Holds Firm Bitcoin’s price attempted to
Bitcoin suffered a sharp pullback on Sunday night, falling below $86,000 and wiping out $144 billion in value in the crypto market. Global macroeconomic pressures and the Yearn Finance hack have led investors to adopt a risk-off stance. Bitcoin fell 4.8% in the last 24 hours to $86,310. Ethereum, XRP, and Solana fell 5.36%, 6.39%,
Bitcoin dropped below $87,000 on Monday, the steepest decline in weeks and an indicator of a renewed wave of volatility as a December selloff impacts the broader crypto market. The decline wiped out last week’s advances and was part of a broader decline in other major digital assets. The drop occurred in early Asian trading,
Bitcoin failed to break key resistance over the weekend and slumped almost 5% in just three hours on Sunday. The asset had spent most of the weekend trading around $91,500, where it appeared to be consolidating toward the end of the month, but suddenly declined to $86,950 on Coinbase, according to Tradingview. The almost 5%
The Cocoon decentralized AI network, a privacy-preserving distributed computing platform built on The Open Network (TON) — an independent layer-1 blockchain associated with the Telegram messaging application — went live on Sunday. Cocoon allows owners of graphics processing units (GPUs) to rent their computing power to the network, processing user queries and requests in return
The National Bank of Kazakhstan (NBK) is considering an investment in crypto assets that could range from $50 million to $300 million. According to RBC, NBK Chairman Timur Sülümenov said the institution would wait for “the dust to settle a bit” following the sharp market correction. Sülümenov stated that the investment would be financed directly
For the past twelve months, Strategy (MSTR) Executive Chairman Michael Saylor has maintained a consistent pattern, making a playful X post nearly every Sunday using a chart with orange dots to suggest a Monday announcement of additional bitcoin BTC$91,763.07 purchases. The pattern appeared to break at least a little bit this Sunday, though, with Saylor
Bitcoin digital asset treasury (DAT) companies have been making headlines in recent weeks, and often for the wrong reasons. A sharp decline in crypto markets and over 40% slump (as of Nov. 27) in the share price of the world’s largest corporate holder of bitcoin, Strategy (MSTR), this year, has led some to question the