Crypto liquidations jump to $1.57 billion as Binance hack sends bitcoin, ether lower
Bitcoin traded near $77,350 after $6.3 billion Binance hack, with crypto futures liquidations jumping to $1.57 billion.
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Bitcoin traded near $77,350 after $6.3 billion Binance hack, with crypto futures liquidations jumping to $1.57 billion.
Bitcoin rose 0.5% to around $81,700 since midnight UTC while the CoinDesk 80 gained 1.4% and memecoins climbed 2.9%.
Bitcoin rose 0.8% to around $82,700 as China’s GDP beat estimates and Nasdaq futures rebounded, while the CoinDesk 80 gained 1.3% and DeFi led gains.
Celestia jumped 16%, injective rose 7.7% and layerzero added 7.3% while bitcoin held little changed near $82,100 and Fed Chair Warsh gave no sign on interest rates.
Bitcoin fell to just above $80,000 as South Korea’s Kospi plunged 8%, while the CoinDesk 80 fell 2.2% and all but six CoinDesk 100 members declined.
Investors are positioning ahead of today’s bank earnings reports and Wednesday’s U.S. inflation data.
Bitcoin recovered to around $82,500 after Trump ruled out an Iran strike, but remains about 4% lower on the week, while ether has lost 9%.
Bitcoin dominance is closing in on 60% while USDT’s has slipped to 6.3%, pointing to a market growing more comfortable with risk.
Prices briefly topped $85,000 on Wednesday after weaker-than-expected U.S. inflation cooled bets on Fed rate hikes, But bulls couldn’t hold the move and spot ETFs didn’t help.
Aave jumped 11% on speculation over a token burn, with 72 of 100 CoinDesk 100 constituents higher even as the 10-year Treasury yield sat at 5.234%.