Escalating trade tensions and inflation concerns fueled a sell-off triggering $731 million in liquidations.
The cryptocurrency market continued to lose ground on Monday, following a decline on Friday driven by macroeconomic data that heightened concerns about rising inflation.
President Donald Trump established a Strategic Bitcoin Reserve and a stockpile of other digital assets through an executive order on Thursday, shortly before hosting a crypto summit at the White House.
Market volatility persists as Bitcoin and other major cryptos swing between gains and losses before the event.
Bitcoin jumped above $90,000 amid hopeful signs that U.S. President Donald Trump would scale back tariffs, despite lingering uncertainties.
President Trump’s 25% tariffs on Mexico and Canada went into effect after a one-month delay this morning.
The surge in Thorchain’s daily trading volume was due to the Bybit hackers choosing the platform to launder their funds over Chainflip, which locked the hackers out, while Thorchain did not.
Coinbase says the Securities and Exchange Commission has agreed to dismiss its case against the cryptocurrency platform, pending commission approval.
Crypto markets dropped for a third day as the selloff across global markets accelerated.
Crypto markets dropped for a second day as the selloff in technology stocks intensified.
Bloomberg reported that Citadel Securities, led by Ken Griffin, is planning to expand into cryptocurrency trading, capitalizing on President Donald Trump’s pro-crypto stance, which is expected to boost the industry.
The hack is the largest exploit in crypto to date, 140% bigger than the second-largest $625 million exploit of the Ronin bridge.
