Bitcoin’s price fell below $69,000 on Nov. 3, triggering nearly $350 million in market liquidations as the U.S. presidential election draws closer. This marked the highest trading activity since Oct. 25, when Bitcoin struggled to hold above $70,000. Data shows that liquidations on Nov. 3 totaled $349.78 million. Long positions
The cryptocurrency market gears up for a crucial week; all eyes are on the upcoming FOMC interest-rate decision from the US Federal Reserve—set for November 7. This announcement is highly anticipated, as it could significantly impact market sentiment and outline the future of Bitcoin (BTC) and other altcoins. Current predictions
The U.S. presidential election of 2024 might impact the cryptocurrency market. Donald Trump assured that the US would evolve as a global crypto leader and likely establish a national Bitcoin reserve. Trump’s victory and pro-stance in crypto could lead to a surge in crypto prices. Whereas Kamala Harris has taken
Heather Morgan, known in the music world as “Razzlekhan,” is set to be sentenced on November 15 for her involvement in laundering 120,000 bitcoins stolen from Bitfinex during a 2016 hack. Prosecutors have requested an 18-month prison term for Morgan, who pleaded guilty in August 2023 to one count of
A weekend lull has begun to spread over the crypto market after a week-long action. On turning towards the cryptocurrency price, this can be seen reflected in several digital assets’ mild price movements. Amid these instances, the MicroStrategy firm has garnered market attention with its recent Bitcoin movements. According to
Bitcoin (BTC) recently faced a sharp decline after touching impressive highs. On 30 October, BTC surged to $73,500, continuing its pattern of “Uptober” gains. However, it failed to sustain momentum, slipping below the crucial $70,000 level. As of now, Bitcoin is trading around $69,561, reflecting a slight 0.07% uptick in
The cryptocurrency exchange M2, regulated as a Multilateral Trading Facility (MTF) and Custodian by the Financial Services Regulatory Authority (FSRA) hacked, resulting in a loss of $13 million from its hot wallets. The exchange, M2 operates on Ethereum, Bitcoin, and Solana. The hackers targeted M2’s hot wallets connected to the
WisdomTree, a leading provider of exchange-traded funds (ETFs) in the digital assets space, has triggered market anxiety with substantial Bitcoin and Ethereum transfers amid a turbulent period for cryptocurrencies. According to Onchain Lens, using Arkham Intelligence data, WisdomTree deposited 8,258 BTC—equivalent to roughly $598.89 million—into Coinbase on October 31. Alongside
Bitcoin’s October phase has ended with a 13% gain, triggering analysts to predict upward momentum in November. BTC enters a period of heightened anticipation, eyeing potential price movements. Despite that, the crypto market cap has reached $2.34 trillion, losing over 3.70%. The BTC price has slipped by 4% over the
The U.S. digital asset sector has faced mounting costs exceeding $400 million in dealing with enforcement actions brought by the Securities and Exchange Commission (SEC) under Chair Gary Gensler. The Blockchain Association highlighted this figure, compiled and released in partnership with global markets research firm HarrisX, on Thursday, emphasizing the
