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Markets

Bitcoin Hovers Over $27.5K, Crypto Bulls Face $100M Liquidations as Altcoins Drop

The ongoing conflict in the Middle East impacted prices of riskier assets, such as bitcoin, on Monday.

(Alistair Berg/GettyImages)

Markets

Crypto Traders Suffer Over $100M in Liquidation Losses as Market Rout Deepens Amid Middle East Turmoil

Ether (ETH) dropped near 4% Monday, while some altcoins endured even greater declines before reverting as rising geopolitical turmoil weighed on crypto markets.

Liquidations by digital assets over the past 24 hours. (CoinGlass)

Markets

Ether Slides as Ethereum Foundation Swaps $2.7M ETH on Uniswap

The Foundation periodically sells tokens to cover costs, creating a temporary sell-off event in markets.

Ether slid as Ethereum Foundation sold $2.7 million ether. (Pezibear/Pixabay)

Markets

Crypto Markets Slump 2% Following Hamas Attack on Israel

Bitcoin flirted with a two-month high over the weekend before beginning to pull back early Monday.

Bitcoin slumps to $27.5K (CoinDesk)

Markets

Bitcoin at 'Risk of Falling,' Ether ETFs Lackluster Performance Dismays Traders

Data shows that broader crypto markets lost just under 1% in the past 24 hours.

(Getty)

Markets

Bitcoin Enters ‘Quiet Bull Market’ as Safe Haven from Bond Market Turmoil, Analyst Says

Investment research firm ByteTree upgraded bitcoin’s price outlook to “bull” from “neutral” as the crypto benefits as a “safe haven” amid an equity and bond sell-off.

Bitcoin price today (CoinDesk)

Markets

Bitcoin Holds Steady at $27.6K; Why Are XRP, AVAX Prices Pumping?

Ether fell 0.5%, Solana’s SOL fell 1.4%, while Cardano’s ADA and BNB Chain’s BNB traded flat.

Bitcoin and other major cryptocurrencies have been riding along relatively flat terrain.  (Marianna Lutkova/Unsplash)

Web3

Doge Community 'Own The Doge' Is Installing Kabosu Dog’s Statue in Japan

Kabosu is the actual dog of the meme that inspired popular internet culture and tokens such as Dogecoin.

DOGE Meme (Atsuko Sato/Wikimedia)

Policy

Singapore Police Responding to Su Zhu's Arrest Says It Has Detained 36-Year Old Man: Reuters

Police, however, did not reveal the name or provide further comment to Reuters.

3AC co-founder Su Zhu speaks at Crypto Bahamas. (Tracy Wang/CoinDesk)

Markets

Poor Week for Ether Prompts Research Firm to Reverse Outlook, Advise Favoring Bitcoin Instead

Initial action suggested only very modest interest in the first U.S. futures-based ether ETFs.

BTC and ETH returns so far in October (TradingView)