On February 26th, 2025, Bitcoin experienced a staggering drop in value, plummeting to $86,099. This significant decrease erased approximately $1.06 billion from the cryptocurrency market’s capitalization, raising alarms across the entire financial sector. The day’s turmoil resulted in around 230,000 liquidations, as tracked by Coinglass. This situation illustrates not just a momentary blip in pricing
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The cryptocurrency market has recently experienced a major shift, with Bitcoin’s price plummeting and leaving many investors in shock. Previously holding a strong position above the $90,000 mark, Bitcoin’s recent decline has sparked a significant conversation among analysts, investors, and crypto enthusiasts alike. This downturn is not merely a fleeting event but represents a critical
The U.S. Bitcoin exchange-traded fund (ETF) market has recently experienced an unprecedented wave of outflows, with nearly $938 million exiting in just one day. This staggering figure coincides with a significant decline in Bitcoin’s price, which fell below $87,000, the lowest it has been since mid-November. Such a dramatic dip in Bitcoin’s value has inevitably
On February 25, Aya Miyaguchi made a significant announcement that marks a pivotal moment for the Ethereum Foundation (EF): she will be stepping up from the role of Executive Director to President. This decision, which Miyaguchi reflects was made a year prior, brings to light her vision for Ethereum amidst a landscape fraught with challenges
Bitcoin recently experienced one of its most dramatic downturns, shedding over 10% of its value in a mere 24-hour period, equating to an eye-watering $10,000 drop. The repercussions of this sudden decline rippled across the entire cryptocurrency landscape, leading to unprecedented liquidation figures that soared to approximately $1.6 billion. This surge in volatility not only
Bitcoin (BTC), the leading cryptocurrency known for its volatility, has recently faced significant downward pressure. With a decline of nearly 13% in just a few days, the asset has dropped from a remarkable high of $99,400 to around $86,300. This article dissects the various factors contributing to Bitcoin’s recent decline, the implications of these events,
In a striking move towards financial stability within the cryptocurrency sector, Bybit has successfully repaid a substantial loan of 40,000 Ethereum, valued at approximately $99.98 million, which it borrowed from Bitget amid a significant security breach. This incident, which resulted in a staggering $1.4 billion loss, shook the trust in digital asset exchanges, prompting wider
Recent actions taken by Grayscale Investments signal a significant shift in the U.S. cryptocurrency landscape. The Securities and Exchange Commission (SEC) has officially acknowledged Grayscale’s application to launch a spot Cardano (ADA) exchange-traded fund (ETF). This marks an essential step in the regulatory approval process, which can often be lengthy and complex. The acceptance of
In a significant move that underscores the complexities of cryptocurrency regulation, OKX, a major cryptocurrency exchange, recently resolved a $500 million settlement with U.S. authorities. This decision was made public on February 24, following an admission by the company’s CEO, Star Xu, regarding prior compliance failures. Acknowledging these missteps, Xu emphasized the relatively minor representation
In the ever-evolving landscape of cryptocurrency, Bitcoin has experienced a rollercoaster ride over the past week, plunging to a shocking low not seen since mid-January. As of now, Bitcoin’s price fell to just above $90,000, marking a significant decline of over $9,000 from its recent peak of $99,500. This price drop has triggered an avalanche