Crypto slides on Hormuz airstrikes as $897 million in long liquidations pile up
BTC dropped to its lowest since April 13 and ETH broke below $2,000 as U.S. airstrikes stoked inflation concerns, wiping out nearly $900 million in leveraged longs.
Markets
BlackRock’s bitcoin ETF sheds $528 million, the second-largest daily outflow on record
IBIT recorded its second-biggest single-day net outflow since launch on Wednesday, missing a January record by less than half a million dollars, as the Iran-driven sell-off pulled institutional money out of bitcoin.
Bitcoin could be heading much lower, fund manager warns as $150 billion Treasury operation nears
Fund manager Michael Kramer says a $150 billion liquidity drain from upcoming U.S. Treasury operations could push bitcoin sharply lower.
XRP drops 4% below $1.30 as heavy selling breaks key support zone
XRP lost another major support level after high-volume selling accelerated late in the session, keeping focus on whether the months-long compression structure is now breaking lower.
Bitcoin drops below $73,000 as US strikes on Iran spark $1 billion liquidations
Crypto majors sold off 3% to 4% and nearly $1 billion in leveraged positions were wiped out after U.S. airstrikes on an Iranian military site near the Strait of Hormuz reignited the conflict markets had started to price out.
Whale alert: Someone dumped $1.29 billion of BlackRock’s bitcoin ETF in a dark pool trade
The big sale happened amid a broader continued exodus from U.S.-listed spot bitcoin ETFs.
Bitcoin vs gold: BTC’s three-month uptrend has snapped
BTC’s three-month uptrend against gold has broken down amid strong inflows into gold and precious metals ETFs.
XRP steadies near $1.32 as failed breakout keeps focus on narrowing trading range
XRP stayed trapped inside the same consolidation structure after another rejection near $1.36, with traders watching whether months of compression finally resolve into a larger move.
Traders watch bitcoin ‘golden cross’ as BTC slides to near $75,000, ZEC dives 9%
A technical setup brewing on the bitcoin chart could decide which way the market breaks next, with the largest cryptocurrency sliding even as global equities hit record highs.
TeraWulf jumps 13% on AI data center expansion in Kentucky
The bitcoin miner turned HPC infrastructure developer unveiled plans for a new 1 gigawatt facility in Kentucky aimed at servicing AI workloads.