A massive $1.8 billion wave of liquidations is hitting Bitcoin traders, while gold trades near all-time highs. Summary Gold hits new highs as Bitcoin sees $1.8 billion in liquidations. Shawn Young, Chief Analyst at MEXC Research, notes that the recent selloff serves as a classic reminder of crypto’s structural fragility. In a comment for crypto.news,
BTC$112,598.58 remains stagnant in the $110,000 to $120,000 range, while gold and U.S. equities hover near all-time highs. According to Glassnode’s Accumulation Trend Score by cohort, selling pressure is evident across all wallet groups. This metric measures the relative strength of accumulation based on the size of entities and the volume of coins acquired over
Key metric tied to BlackRock’s Nasdaq-listed spot BTC$112,598.58 exchange-traded fund, IBIT, has been flashing warning signs for two straight months. IBIT’s one-year put-call skew, a measure of market sentiment or pessimism, flipped positive on July 25 and has remained comfortably above zero since then, according to data source Market Chameleon. That’s two straight months of
While Bitcoin (BTC) adoption and usage is rapidly expanding around the world, the number of countries accepting BTC is also rapidly decreasing. At this point, a new report published by the Bitcoin Policy Institute revealed that 32 countries are working to officially adopt Bitcoin. Thirty-two countries, representing approximately one-sixth of the world’s countries, are attempting
Bitcoin (BTC) adoption is growing among countries, with 32 nations actively pursuing exposure through legislation, representing roughly one in six nations worldwide, according to a Bitcoin Policy Institute report published Sept. 22. The study documents a rapid acceleration in government adoption following President Donald Trump’s election and subsequent executive order establishing a US Strategic Bitcoin
Hashdex filed with the SEC to expand its Nasdaq Crypto Index US ETF beyond Bitcoin and Ethereum, seeking approval to add Solana, Cardano, and XRP under newly adopted generic listing standards. The filing enables the fund to track the complete composition of the Nasdaq crypto index rather than limiting holdings to the two largest digital
Blockchain analytics firm Elliptic has secured a strategic investment from HSBC, making it the only company in the sector to be backed by four globally systemically important banks (G-SIBs). HSBC joins JPMorgan Chase, Santander and Wells Fargo on Elliptic’s investor roster. As part of the deal, Richard May, Group Head of Financial Crime at HSBC’s
Michael Saylor, founder of Strategy, the largest institutional Bitcoin (BTC) bull, made important statements about Bitcoin. Speaking on CNBC’s Closing Bell Overtime program, Saylor said that Bitcoin will start to gain value again towards the end of the year. Stating that the current correction in Bitcoin is temporary, Saylor stated that BTC will successfully overcome
Bitcoin’s (BTC) break below key support has prompted a flurry of ‘buy the dip’ calls on social media. However, liquidity trends suggest a potential for a deeper decline. BTC has dropped over 3% to $111,590 this week, piercing the widely-tracked 50- and 100-day simple moving averages (SMA). Both indicators have lost their upward momentum for
Powell delivered a speech at the Greater Providence Chamber of Commerce on Tuesday, outlining the central bank’s economic outlook, which could heavily impact risk-on assets such as crypto. He said that GDP growth has moderated to around 1.5% in the first half of the year, down from 2.5% last year, and unemployment remains low at