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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...

Microstrategy Stock Reaches Two-Year-High Thanks to Surging Bitcoin Prices

Michael Saylor must be feeling quite good at the moment. The famous cryptocurrency bull has seen the stock of his company Microstrategy reach a two-year-high at the end of last week, thanks to surging Bitcoin prices. Under Saylor’s guidance, Microstrategy started accumulating large amounts of...

Banking Majors Prop Up Cryptocurrency Amid Rising Lawsuits

Cryptocurrencies have recently been gaining a rise in support from major traditional banking and investment institutions, thereby adding momentum to digital currencies despite a recent rise in pressure from US regulators. BlackRock, the world's largest investment manager, recently announced its decision to launch an exchange-traded...