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Bitcoin experienced a steep decline over the last 24 hours, pushing its price to approximately $60,000 amid an accelerated selloff comparable to the 2022 FTX collapse.
BTC had recovered to $69,800 as of press time, according to CryptoSlate data.
Still, Glassnode data helped frame the extent to which the price had slipped relative to widely watched on-chain reference points.
With the spot price...
Ethereum co-founder Vitalik Buterin and other prominent “whales” have offloaded millions of dollars in ETH since the beginning of February, adding narrative fuel to a market rout that saw the world's second-largest cryptocurrency tumble below $2,000.
While the high-profile sales by Buterin served as a psychological trigger for retail panic, a closer examination of market data suggests that the...
Big Tech companies' planned $500 billion war chest to dominate artificial intelligence could offer a lifeline to a Bitcoin mining industry teetering on the edge of capitulation.
The headline numbers are eye-watering. Alphabet, Google’s parent, alone plans to spend as much as $185 billion this year.
However, the capital surge will involve more than buying chips and servers, as Microsoft and Meta...
XMR dropped to $311 and ZEC to $221 over seven days while ZANO declined just 1.4% as Fear...
Bitcoin has a way of turning numbers into memories.
You remember the first time it ripped through a round number, $10k, $20k, $100k, you remember the mood shift when it stops rewarding optimism, you remember the quiet weeks when every bounce feels like a trap, and the loud ones when it feels like the floor has vanished.
This cycle’s defining memory is going to be $126,000.
That is the high I...
A wallet attributed to President Donald Trump's World Liberty Financial, which is managed by his sons, withdrew approximately 173 wrapped Bitcoin from Aave V3 on Feb. 5 and sold them to repay $11.75 million in stablecoin debt.
This sequence reveals the mechanics of voluntary deleveraging: as Bitcoin's drawdown below $63,000 forces whales to sell collateral and reduce leverage, protocol...
The cryptocurrency market has entered a renewed phase of volatility, with major digital assets including XRP, TRX, and BNB experiencing notable price corrections alongside broader market weakness. The downturn reflects a combination of macroeconomic pressure, reduced speculative activity, and ongoing reassessment of long-term network fundamentals across leading blockchain ecosystems.
As prices...
The crypto market has entered a fragile phase as Bitcoin dropped under the critical $70,000 level and bounced off $60,000, a zone that has increasingly acted as a gravitational pull rather than a launchpad.
This subdued price action came as the stablecoin market has surged, with Tether and Circle minting billions of dollars’ worth of new tokens in recent days.
At first glance, the expansion of...
Bitcoin's (BTC) slide to as low as $60,233 overnight, before recovering somewhat to $65,443, has left most of the largest pure-play Bitcoin treasury companies deeply underwater on their holdings, with combined unrealized losses approaching $10 billion across eight entities that collectively control more than 850,000 BTC.
The reckoning hits hardest at the top. Strategy, formerly MicroStrategy,...
Binance moved 42.8% of total spot volume over the past week but absorbed 79.7% of net selling pressure across five major exchanges, according to data from Traderview.
The imbalance raises the question of whether a venue needs to handle “most of the market” to set prices for the whole market.
The answer is no. A venue needs to be where the market most often determines the price.
Between Feb. 2 and...