"Bitcoin is down 1.2% on the day and dipped below $65,000 for the first time since the month began. With bitcoin often playing the role of TradFi's early warning signal, some now suspect Wall Street may be in for an unpleasant morning."
"Liquidation data from Coinglass shows 86,277 traders were liquidated over the past day, with $278 million wiped out, including $234 million in long positions, largely tied to BTC and ETH."
"The entire crypto economy has slipped about 0.58% on the day and now sits at $2.28 trillion. For most of the session, the bulk of crypto assets posted only mild percentage losses or less, though weakness crept in across the board."
Bitcoin fell 1.2% and dropped below $65,000 for the first time this month, indicating potential market instability. U.S. stock futures opened negatively, and oil prices rose to $103. Bitcoin briefly hit an intraday low of $64,785 before recovering slightly. The cryptocurrency is down nearly 25% year to date and over 8% in the past two weeks. Liquidation data revealed significant losses among traders, with the entire crypto market down about 0.58%. Wall Street sentiment remains cautious ahead of a holiday-shortened trading week.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]