"Bitcoin price fell sharply over the past 36 hours, sliding more than 5% over that time and briefly dipping below $90,000 early Tuesday as macroeconomic uncertainty and renewed scrutiny of corporate bitcoin treasuries weighed on the market. The world's largest cryptocurrency was trading near $95,500 on Sunday night but fell to around $89,800 by Tuesday morning, extending losses that began with a violent sell-off late Saturday and into Sunday evening and Monday morning."
"The initial leg lower came Sunday night, when the bitcoin price plunged nearly $4,000 in a two-hour window amid heavy selling across crypto markets. Around 6 p.m. EST, a wave of liquidation-driven selling hit derivatives markets, wiping out more than $500 million in leveraged long positions in roughly an hour, with total crypto long liquidations topping $525 million during the period."
Bitcoin fell more than 5% over 36 hours, briefly dipping below $90,000 after trading near $95,500 and erasing roughly $5,700. The decline began with a nearly $4,000 plunge in a two-hour window amid heavy selling across crypto markets. Around 6 p.m. EST, liquidation-driven selling wiped out more than $500 million in leveraged long positions, with total crypto long liquidations topping $525 million. The sell-off coincided with U.S. President Donald Trump’s proposal to impose sweeping tariffs on several European nations beginning February 1. Gold surged to a new all-time high near $4,750, signaling flows into traditional safe havens. The U.S. Supreme Court is expected to rule on whether Trump had authority to impose broad tariffs under emergency powers.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]