Crypto Market Sees $250M in Liquidations Ahead of U.S. GDP Release
Crypto market sell-offs intensified ahead of the U.S. GDP release, pushing Bitcoin below $88,000 and triggering over $250 million in liquidations amid extreme fear sentiment.
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Crypto market sell-offs intensified ahead of the U.S. GDP release, pushing Bitcoin below $88,000 and triggering over $250 million in liquidations amid extreme fear sentiment.
Gold, silver, and equities are pushing higher, but Bitcoin remains range-bound amid debate over market manipulation.
Asset manager VanEck noted that Bitcoin’s recent 4% hashrate decline mirrors past periods where miner exits preceded positive 90-day BTC returns.
The IMF said negotiations with El Salvador over the future of the Chivo Bitcoin wallet are well advanced.
Bitcoin price recently climbed above $90,000, hinting at a possible recovery, but there are still concerns that the rally may not last.
Ghana has formally legalized cryptocurrency trading under a new law that brings all digital asset activity under central bank control.
Bitcoin’s network hashrate dropped temporarily on December 18 following reports of Xinjiang mining shutdowns, but pool-level data reveals the impact was minimal and recovery swift.
Economist Peter Schiff said that MSTR stock correction is not over, predicting another 50% crash and Bitcoin price drop under $50,000.
MSCI’s proposal to remove crypto-heavy companies from its key indexes could cause $10B-$15B in outflows.
Bitcoin experienced extreme volatility on December 17 with a $6,000 price swing in two hours, liquidating nearly $400 million across 120,000 traders in suspected market manipulation.
On-chain data shows Bitcoin testing a critical investor cost basis near the $81,500 TMMP level, while in total 4K BTC were transferred to Binance.
Bhutan commits up to $1 billion in Bitcoin to build the world’s first mindfulness-based economic hub.
US unemployment unexpectedly rose to 4.6% in December, the highest rate since September 2021, despite job additions. Crypto analysts believe this could prompt Fed easing measures that may benefit Bitcoin.
MSTR fell as Bitcoin hovered near $90K. Saylor’s Strategy bought 10,645 BTC for ~$980M, lifting its treasury to 671,268 BTC.
According to a prominent analyst, gold is overvalued related to Bitcoin, but Glassnode said that BTC price action lacks strength.