The crypto market saw a sharp selloff, erasing over $1.1 billion (₱63.7 Billion) in value within 24 hours, primarily affecting overleveraged long positions. The losses are compounded by struggles in U.S. equities and growing economic concerns. Quick Take delivers key facts fast—concise, clear, and easy to read. Perfect for busy readers. By the Numbers Total Liquidations:
Bitcoin’s price tumbled Monday evening around 6 p.m. ET after news spread that U.S. President Donald Trump announced plans to impose a 25% tariff on Canadian and Mexican imports, set to take effect March 4, 2025. The development aligned with afternoon drops in major U.S. stock indices, as investors weighed concerns about earnings from the
Bitcoin currently hovers at $93,983, boasting a valuation of $1.86 trillion and a 24-hour trading volume of $35 billion. Its intraday movement oscillates between $93,607 and $96,480, resting 13.6% beneath its historic price peak. Bitcoin On the BTC/USD 1-hour chart, fleeting fragility persists as bitcoin carves successive troughs and wavers near the $93,607 support. Bears
KIP Protocol has released an official statement denying any involvement in the controversial LIBRA token launch. The company clarified that it did not initiate or profit from the project and is prepared to take legal action to protect its reputation. No Profits or Prior Knowledge of LIBRA Token Launch KIP Protocol has distanced itself from
“It’s actually smarter if you’re young enough to accumulate as much debt as you possibly can and buy bitcoin with it.” So says Brad Mills, Canadian entrepreneur, angel investor and YouTuber, who has been involved with bitcoin mining since 2011 and is therefore well acquainted with bitcoin’s price volatility. On Friday, Mills posted an apparently
Mike Novogratz shared his opinion on the calls for the Ethereum hard fork and said that it doesn’t make sense at the current age of Ethereum. Summary The crypto community demands an Ethereum network fork to recover funds. Mile Novogratz said the Ethereum network should not go for a fork because the situation is totally
The Nasdaq Stock Market LLC, on behalf of Canary Capital, submitted a 19b-4 filing with the U.S. Securities and Exchange Commission (SEC) to list a spot exchange-traded fund (ETF) focused on the native asset of the Hedera Network, HBAR. Nasdaq Files for Spot Hedera ETF, Paving the Way for HBAR Exposure The Nasdaq filing marks
Michael Saylor, co-founder and executive chairman of Strategy, is making a big ask: he wants the US government to buy 20% of all the bitcoin supply. According to him, this would strengthen the US dollar, grow the economy, and even pay off the national debt. Speaking at the Conservative Political Action Conference (CPAC), Saylor said:
Key Points: Definition of Altcoins:Altcoins refer to any cryptocurrencies alternative to Bitcoin, including popular coins like Ether, Litecoin, and Dogecoin. Shifting Market Metrics:According to Ki Young Ju of CryptoQuant, Bitcoin dominance is no longer the defining metric for altseason—instead, altcoin trading volume (currently 2.7 times that of Bitcoin) is key. Traditional vs. Current Dynamics:Historically, altcoin
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