Bitcoin Tumbles Toward $62K as Crypto Bulls See $150M in Liquidation
The CoinDesk 20 index, which tracks major tokens minus stablecoins, slumped just over 4%.
Binary trading platforms with better performance and payouts
Trading
The CoinDesk 20 index, which tracks major tokens minus stablecoins, slumped just over 4%.
Dismal bitcoin price action has apparently caused crowd sentiment for four straight weeks, a sign that may spell relief for bulls in the near term.
Thursday marked the fifth straight day of net outflows for the U.S.-listed ETFs in their worst performance since mid April.
DOGE funding rates are starting to flip negative, data shows, as traders move away from riskier assets amid low volatility in the broader crypto market.
The AI-linked token sector has risen 14% in the past 24 hours, data shows, outperforming other sectors.
Arkham has identified the entity as an address belonging to the German Federal Criminal Police Office, which had seized almost 50,000 BTC from a piracy site.
The selling coincides with net outflows from U.S.-listed bitcoin ETFs in the same period, data shows.
The relatively new token created ripples in the crypto community on X this week over its supposed existence as the “official” Donald Trump token. But it turns out one of its biggest loudmouths was behind its issuance.
Over $400 million in crypto longs were liquidated in the past 24 hours as major tokens slid as much as 10%.
Few catalysts to prop up markets in the near-term are likely weighing down token prices, one trader said.