Crypto traders betting on a rally lose $563 million in liquidations. Ether and bitcoin suffer the most
Ether and bitcoin led liquidations, as their prices dropped on macroeconomic concerns.
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Ether and bitcoin led liquidations, as their prices dropped on macroeconomic concerns.
Long-term holders are still sitting tight and exchange balances remain near six-year lows, Binance Research data shows, but underwater short-term holders leave BTC vulnerable to macro shocks.
Stocks, gold and crypto slid on Friday while crude oil topped $100 and traders repriced Fed expectations for rate hikes.
Led by Michael Saylor, the company aims to retire half of its outstanding 0% 2029 converts as it restructures liabilities tied to its bitcoin treasury strategy.
Rising yields may act as a headwind for assets like bitcoin and gold while potentially benefiting tokenized Treasury markets.
The upbeat public debut of AI chipmaker Cerebras is also helping to lift both crypto and traditional markets.
CEO Simon Gerovich says regulatory and infrastructure challenges are slowing the launch of Metaplanet’s perpetual preferred share.
While some experts point to $90,000 as the next explosive level, others caution that this new “early bull” signal isn’t a guaranteed crystal ball.
Inflation rose to a three-year high in April, according to this morning’s Consumer Price Index report.
Ray Dalio joins the privacy debate, saying Bitcoin’s full transparency makes it less likely to be adopted by central banks.