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Crypto Market Sees $450 Million in Liquidations Amid Geopolitical Tensions and Bearish Bitcoin Movement

Crypto Market Sees $450 Million in Liquidations Amid Geopolitical Tensions and Bearish Bitcoin Movement

Nearly half a billion dollars in bullish crypto bets got liquidated as the market faced geopolitical pressures. According to data from CoinGlass, 86% of traders were feeling optimistic as they entered October. In just the past 24 hours, futures tied to major cryptocurrencies saw over $450 million in long liquidations.

Grayscale's Bitcoin Trust Sees 50% Asset Decline Amid ETF Transition, Yet Earns Five Times More Than BlackRock's iShares Bitcoin Trust

Grayscale's Bitcoin Trust Sees 50% Asset Decline Amid ETF Transition, Yet Earns Five Times More Than BlackRock's iShares Bitcoin Trust

Grayscale's Bitcoin Trust (GBTC) has seen its assets drop by 50%. This decline is due to significant outflows since it became an exchange-traded fund (ETF). Despite this, Grayscale is still earning five times more than BlackRock's iShares Bitcoin Trust (IBIT), according to CoinDesk. How is that

Bitcoin ETFs Suffer $242.6 Million Outflow as Tensions Rise in Middle East, Marking End of Inflow Streak

Bitcoin ETFs Suffer $242.6 Million Outflow as Tensions Rise in Middle East, Marking End of Inflow Streak

Bitcoin exchange-traded funds (ETFs) in the U.S. faced a significant setback on Tuesday. They saw outflows of $242.6 million, the largest drop since September 3, according to SoSoValue. This marked the end of an eight-day streak of inflows. Bitcoin (BTC) dropped as much as 6% amid rising tensions

Bitcoin Faces 3.7% Decline Amid Rising Middle East Tensions as Short-Term Holders Panic-Sell $3 Billion in Losses

Bitcoin Faces 3.7% Decline Amid Rising Middle East Tensions as Short-Term Holders Panic-Sell $3 Billion in Losses

Bitcoin has faced back-to-back daily declines of 3.7%. This drop comes as tensions in the Middle East rise, especially following Iran's missile attack on Israel. Over the last two days, short-term holders have sent around $3 billion worth of bitcoin to exchanges at a loss. From September

Solana Poised for Bullish Breakout Against Bitcoin as SOL/BTC Pair Approaches Resistance Level

Solana Poised for Bullish Breakout Against Bitcoin as SOL/BTC Pair Approaches Resistance Level

Solana is getting ready for a potential price jump against Bitcoin. The SOL/BTC pair is moving closer to a bullish breakout. After a long period of consolidation within a symmetrical triangle since March, it’s making another attempt to break through the upper resistance line. If it succeeds, Solana

Tom Emmer Predicts Major Shift in Cryptocurrency Legislation Regardless of Election Outcome

Tom Emmer Predicts Major Shift in Cryptocurrency Legislation Regardless of Election Outcome

One of the key supporters of cryptocurrency in Congress is House Majority Whip Tom Emmer from Minnesota. He has big plans for the industry, especially if Republicans gain control of the federal government in November. But he also believes that cryptocurrency regulation is coming, no matter what happens in the

Tom Emmer Optimistic About Upcoming Bipartisan Cryptocurrency Legislation

Tom Emmer Optimistic About Upcoming Bipartisan Cryptocurrency Legislation

Republican Majority Whip Tom Emmer is feeling optimistic about new cryptocurrency laws coming soon. He believes it won't matter who wins the upcoming election. In a recent chat with Decrypt's Sander Lutz and Liz Napolitano at Messari Mainnet 2024, Emmer discussed the current state of crypto