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Bitcoin’s Drop Below $65K Sparks a $420 Million Liquidation in Long Positions

Bitcoin continues its unexpected slide. The world's most valuable cryptocurrency dropped below $65K at one point on Tuesday, sparking massive liquidation in long positions and causing a ripple effect on other coins. According to Crypto News, crypto traders liquidated $420 million in long positions in...

Cryptocurrencies Slip, Bitcoin Drops to $66K

Instead of surging to new highs as many crypto enthusiasts expected, Bitcoin experienced a rough week. The world's most valuable cryptocurrency dropped all the way to $66K on Friday, marking a 5% plunge compared to last week's prices. With the latest data showing that inflation...

Stocks Stagnate as Bitcoin Extends Record Rally

Stocks on the New York Stock Exchange broadly slipped lower on Monday morning as Bitcoin continued its record rally. This comes as investors await a crucial Consumer Price Index (CPI) report later in the week. The benchmark S&P 500 slipped 0.1% lower, as did the...

Bitcoin Falls Below $42,000 as ETF Optimism Fades

Bitcoin slumped by around 10% to $41,469 as investor optimism surrounding the release of exchange-traded funds holding the cryptocurrency faded into the background. This comes after Bitcoin raced to $49,000 for the first time since December 2021 once the multiple ETFs holding the cryptocurrency...

Bitcoin Rises for Sixth Straight Week as Financial Giants Back Crypto

Bitcoin rose by 3% on Wednesday to $28,720; its highest level since May. The largest digital asset has rebounded by 74% so far this year. Ether, Cardano, and Solana also posted gains. The recent crypto rise follows a wave of interest in digital currencies from traditional...

Standard Chartered Predicts Bitcoin Will Be Worth $100,000 By the End of 2024

Bitcoin has seen quite a few ups and down over the past couple of years. But analysts at Standard Chartered believe the world’s largest cryptocurrency will only go up from here. According to Geoff Kendrick, head of digital assets research at Standard Chartered, Bitcoin will...