Bitcoin ($BTC) dipped below $84,000 on Wednesday as flash downside liquidated over $500 million in crypto long positions. Key points: Bitcoin briefly dropped to $83,560 but held support at its 21-day moving average, which currently stands at $83,850. Analysis flagged 40x-leveraged $BTC shorts on Hyperliquid appearing immediately before the downside ensued. Analysis by Rekt Capital
Wall Street’s traditional wealth-creation opportunities, such as company stocks, remain largely inaccessible to the investing public until they list on exchanges, meaning that retail participants miss the most significant pre-listing gains, according to Hyperliquid co-founder and CEO Jeff Yan. “Some assets are only tradable by a few people for many orders of magnitude of its
Fintech company Metallicus has deployed an alpha version of the DogecoinVM payment layer on mainnet, which makes Dogecoin transactions 300 times faster. “We made it 300x faster,” said company CEO and Dogecoin Foundation board member Marshall Hayner, positioning the development as a direct technological solution to a major challenge Elon Musk identified in 2021. At
The privacy-focused cryptocurrency Zcash ($ZEC) continues to be a topic of discussion in the cryptocurrency market and is often compared to Bitcoin. At this point, the latest statements have come from Balaji Srinivasan, former CTO of Coinbase. Speaking at the TOKEN2049 Singapore event, Balaji Srinivasan pointed to different use cases for Bitcoin and $ZEC. Know
While artificial intelligence continues to be a much-discussed topic lately, BlackRock has released a noteworthy assessment on the subject of AI. A New Financial System for AI Agents! BlackRock, one of the world’s largest asset managers, noted in its new report on the intersection of artificial intelligence and digital assets that demand for blockchain-based payment
Swift’s new blockchain-based ledger may be ready for live payments, but banks still need their own digital-asset infrastructure before they can connect to it, according to Lamine Brahimi, co-founder and managing partner of custody and tokenization firm Taurus. “If you want to connect today to the Swift ledger, you need three things,” Brahimi said in
Bitcoin BTC$83,654.62 and the other majors are lower today, but zoom out and the picture is flatter than the daily tape suggests: prices have gone essentially nowhere over the past two weeks. The choppy trading is a part of a typical stair-step rally, according to some observers, and it could soon pave the way for
Only one yearly bitcoin BTC$83,725.97 buyer cohort remains underwater, according to checkonchain data: investors who bought in 2025, with an average cost basis of approximately $88,000, which may now be forming a key resistance level due to sell pressure from relatively recent buyers. Bitcoin reached a monthly high of $87,500 in September before trading sideways
On the 7th of October, Bitcoin [$BTC] slipped below $85,000 as $BTC’s attempts to break past $87,000 were rejected by unwavering sellers. At the time of writing, Bitcoin had retreated to approximately $84,128. Despite this recent decline in price, Bitcoin is still trading within the main range that has held the price since the last
US spot Bitcoin exchange-traded funds (ETFs) returned to net inflows on Tuesday as Ether ETFs extended their outflow streak to six trading sessions. Bitcoin ETFs recorded $119 million in net inflows on Tuesday, reversing Monday’s $90 million loss, according to SoSoValue data. Bitcoin fell from above $86,600 on Tuesday to below $84,000. At publishing time,