Futures Liquidated: $242 Million Wiped Out in One Hour as Crypto Markets Face Intense Volatility
What Is DXY? DXY (the U.S. Dollar Index) is a benchmark that measures the value of the U.S. dollar relative to a basket of six major foreign currencies: the Euro (EUR), Japanese Yen (JPY), British Pound (GBP), Canadian Dollar (CAD), Swedish Krona (SEK), and Swiss Franc (CHF). How It Works The Basket: EUR (57.6%), JPY…
Analyst Michaël van de Poppe anticipates a 10% Bitcoin retracement before the release of CPI data, targeting a range of $75,669–$81,193. Bitcoin’s remarkable surge this week has continued, with the cryptocurrency currently trading around $86,000. This follows a significant breakthrough last Tuesday when Bitcoin overcame resistance at $68,000 amid the U.S. election results. With Donald…
DUBAI, UAE, Jan. 31, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released the latest crypto derivatives report, published weekly with Blocks Scholes. This week’s report highlights a significant risk-off event early in the week, as DeepSeek’s LLM announcement coincided with sharp declines across major indices and crypto markets. Despite this volatility,…
Key Takeaways BlackRock expanded its risk disclosures regarding quantum computing threats in its amended Bitcoin ETF filing. The amended filing includes precautions about quantum computing’s potential impact on Bitcoin’s cryptographic security. Share this article BlackRock has updated its iShares Bitcoin Trust (IBIT) prospectus with expanded language on the potential risks posed by quantum computing, adding…
Fed cuts rates by 25 BPS, Bitcoin spikes above $116K Top trader sends $18 million in Ethereum to Binance Fed cuts rates by 25 BPS, Bitcoin spikes above $116K The leading cryptocurrency is seeing relatively little volatility following the Fed’s most recent interest rate decision. Big decision. U.S. Federal Reserve cuts benchmark interest rate by…
The Ethereum Foundation just locked up another 22,517 ETH – worth approximately $46.2 million – bringing its total staking position to 24,623 ETH, or roughly $50 million, according to on-chain data from Arkham Intelligence. That’s not a rounding error. It’s the Foundation’s largest single-day staking event ever. ETH is currently trading near $2,045, and this…