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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...

PayPal Launches Stablecoin in Crypto Push

Online payments firm PayPal launched a U.S. dollar stablecoin on Monday in a bid to boost the usage of cryptocurrencies for online payments and transfers. PayPal's shares rose by 1% following the announcement. Pegged to the U.S. dollar, this currency is defined as a stablecoin...

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...

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...

Weekend Crypto Selloff Sparks Investor Anxiety

A sharp selloff of cryptocurrencies got underway this past weekend after a week of crackdowns by the US Securities and Exchange Commission on the sector triggered investor anxiety. Several smaller digital currencies were hit exceptionally hard by selloffs, with Cardano’s ADA plummeting by 25% on...