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Markets

Bitcoin Plunge Causes $450M in Bullish Crypto Bets Liquidated

Crypto market capitalization dropped 5% on average as Middle East tensions flared up late Monday, denting growth in risk assets.

(Barrett Ward/Unsplash)

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Bitcoin Price Warms Up After Monster ETF Day

Bitcoin price crossed the $65,000 mark on Friday morning, climbing to its highest point since the start of August. This comes after spot bitcoin ETFs in the U.S. saw a monster day on Thursday registering inflows of $365 million and bringing the weekly total to over $600 million, according to CoinGlass data. CoinDesk's Christine Lee presents the "Chart of the Day."

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BlackRock's Bitcoin ETF Sees First-Ever Day of Outflows

BlackRock's spot bitcoin ETF product IBIT recorded its first-ever day of outflows on Wednesday, with $36.9 million exiting the fund. According to data source Farside Investors and CoinGlass, the 11 spot BTC products in the U.S. saw a cumulative net outflow of $563.7 million, the largest since the funds began trading in January. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Bitcoin Tops $66K as Open Interest Hit Record High; Bullish News From Pepecoin and NodeMonkes

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as bitcoin (BTC) crossed the $66,000 mark, inching closer to its lifetime peak of $69,000 set in November 2021. This comes as the value of bullish bets rose to a record-high of $27 billion, according to data from Coinglass. Plus, Pepecoin became the biggest meme coin gainer and bitcoin NFT NodeMonkes rose as the most-traded Ordinals collection in the past 24 hours.

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Bitcoin Below $42K After Posting Worst Daily Drawdown Since August

Bitcoin (BTC) is trading under $42,000, after suffering its steepest daily drawdown in almost four months on Monday. The decline wiped out over $520 million in leveraged trading positions on the crypto derivatives market, predominantly longs betting on rising prices, CoinGlass data shows. WonderFi CEO and President Dean Skurka shares his crypto market expectations for 2024.

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Markets

Bitcoin, Ether, and Major Altcoins in Deep Red

Bitcoin and Ether lead in liquidation heatmap with over $335 million in rekt positions in the last 12 hours.

Bitcoin (André François McKenzie/ Unsplash)

Markets

Crypto Bulls Hit by $300M in Liquidations as Bitcoin, Ether Buckle on Fizzling ETF Momentum

Tuesday's sharp decline in crypto prices spurred the largest daily leveraged long liquidation since August, CoinGlass data shows.

Crypto liquidations per day for all assets combined (CoinGlass)

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CME Is Now the Second-Largest Bitcoin Futures Exchange: Coinglass

The Chicago Mercantile Exchange (CME) is now the second-largest bitcoin futures exchange, with only Binance holding a greater market share, according to data from Coinglass. "First Mover" hosts Jennifer Sanasie and Lawrence Lewitinn discuss, as some observers believe that the recent rally in the crypto market is institutionally led.

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Markets

Crypto Traders Suffer Over $100M of Short Liquidations as Bitcoin Hits 3-Month High Over $31K

BTC surged past $31,000 and other cryptocurrency prices soared sharply Monday, too, taking many leveraged traders by surprise.

Crypto liquidations over the past 24 hours (CoinGlass)

Videos

Crypto Outlook as Market Braces for Spread of Israeli-Hamas War

Ongoing tensions in the Middle East could spill over to the crypto markets and cause a short-term decline in riskier assets such as bitcoin (BTC). This comes as crypto traders suffered over $100 million of losses from liquidations, according to CoinGlass data. First Mover host Lawrence Lewitinn and CoinDesk Chief Content Officer Michael J. Casey discuss their crypto markets outlook.

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