Bitcoin News Today: $1.04B in Liquidations as BTC Dips to $83K
Bitcoin dropped a staggering 10% in the past day, despite Donald Trump’s bullish announcement of a crypto reserve in the US.
For the average millennial or at least anyone that pays attention to the business world, the term “cryptocurrency” would not seem like such a strange word. If that is, then the terms Bitcoin, Ethereum or at least Blockchain should ring a bell. One might wonder, why are these terms suddenly so prevalent, especially cryptocurrency news? Computing is getting rather pervasive and the society is leaning towards digital services. The finance world too isn’t spared as the disruption of technology into this sector has fostered the birth and development of Fintech organizations.
These Fintech organizations look to digitize payments and transactions, offering the same services that are currently in existence but in a better, efficient and more effective way.
Blockchain is the network upon which most of these cryptocurrencies operate on. The history of blockchain and bitcoin, in particular, does not have a definite story. In 2009, an individual or group of individuals known to be “Satoshi Nakomoto” developed and published the technology to allow people make digital payments between themselves anonymously without having an external party to verify or authorize the transfer of the currency being exchanged.
Although technologies like this might seem rather complex, understanding how Blockchain works is quite easy, given that one has a basic idea of how networks work. Blockchain is simply a database shared between several users, containing confirmed and secured entries. It is a network, where each entry has a connection to its previous entry.
This technology affords a very secure model whereby every record in the database cannot be tampered with. Apart from the stellar security that this network offers, the transparency and speed at which the network operates give it an edge over the conventional way of conducting transactions.
In simple terms, cryptocurrencies are just monies in digital form, transacted via digital means and over a digital network. The transfer of these currencies is utilized with cryptography and the aforementioned blockchain network. Up until the 2010s, cryptocurrencies were not really known until Bitcoin made its breakout and this gave rise to the birth of new cryptocurrencies.
Cryptocurrencies have had their fair share of bullish and bearish trends, going to show how unstable they can be. The latest cryptocurrency news reports lots of people predicting prices for various cryptocurrencies in the years to come but no-one can say for sure.
Blockchain, on the other hand, is making its way into pervasive computing, especially IoT, giving way for the development of new solutions that embrace data security and transparency.
Bitcoin dropped a staggering 10% in the past day, despite Donald Trump’s bullish announcement of a crypto reserve in the US.
Monday came with a fresh air of hope and optimism for the general crypto market, as President Donald Trump revealed plans for a US crypto strategic reserve.
Binance will list GoPlus Security (GPS) with HODLer Airdrops, while market activity shows strong interest and rising GPS trading volume.
Ethereum, the biggest altcoin, is on a slipper slope hanging close to the $2,000 crucial support level. With rising liquidations in the market, will a bearish trend in ETH price result in a $1,740 retest?
Analyst warns that POL might face a massive decline, possibly dropping to $0.041, after a year-long downtrend.
The selection of XRP among other altcoins in the US crypto reserve has triggered mixed reactions but whale investors have been on a shopping spree.
Coinbase wants to know how many SEC employees worked on crypto cases, their salaries, and how much time they spent on enforcement efforts.
February 2025 saw crypto VC funding surge to $951 million with 98 deals, focusing heavily on stablecoin projects and payment solutions despite a 35.1% drop in total projects from last year.
The SEC has dropped its case against crypto exchange Kraken, which had been ongoing since November 2023. This dismissal aligns with a broader trend of the SEC withdrawing from high-profile crypto lawsuits.
Over 2.07 billion Ethena (ENA) tokens worth $820 million will hit the crypto market in the first week of March.
Lawmakers, including Senator Ted Cruz and Cynthia Lummis, have introduced a resolution to overturn the IRS rule, with a vote expected this week.
Despite a slight daily dip, HBAR’s recent 30% price surge suggests growing bullish sentiment among traders.
McWilliams will guide Tether toward greater transparency while longtime CFO Devasini transitions to Chairman. The stablecoin issuer holds over $113 billion in US debt but faces criticism over audit practices.
Australian officials have dismissed the idea of establishing a national cryptocurrency reserve, prioritizing regulatory frameworks instead, while the US under Trump advances plans for a crypto reserve.
Bitcoin has climbed back above $92,000 after dropping to $80,000 in February, with the rally coinciding with Trump’s crypto strategic reserve announcement and potential SEC easing of Coinbase legal action.