Author: CryptoPress

Bitcoin dropped below $79,000 on Saturday, marking its lowest price level of 2026 so far. The market saw $650 million in liquidations within a single 60-minute window, primarily targeting overleveraged long positions. This latest crash follows a volatile week where macroeconomic pressures and tech sector weakness weighed on digital assets. Analysts are now closely watching the $75,000 support zone to determine if the bearish trend will...

President Trump officially nominated Kevin Warsh on Friday to replace Jerome Powell as Chair of the Federal Reserve when his term expires in May 2026. Warsh, a former Fed governor and Morgan Stanley veteran, is historically viewed as a fiscal hawk, though he has recently aligned with Trump’s calls for lower interest rates. The nominee has a background in the digital asset space, having served as an advisor to Bitwise and an early investor in...

Precious metals faced a massive liquidation on Friday, with gold dropping as much as 8% to break below the $5,000 threshold and silver falling below $100 per ounce. The correction followed reports and subsequent confirmation of Kevin Warsh as the next Federal Reserve Chairman, sparking a sharp rebound in the U.S. dollar index. Analysts at Goldman Sachs and other institutions noted that heavy concentration in call options exacerbated the...

The Central Reserve Bank of El Salvador (BCR) purchased 9,298 troy ounces of gold, valued at approximately $50 million, to strengthen its international reserves. The acquisition brings the nation’s total gold holdings to 67,403 ounces, worth roughly $360 million at current market prices. Despite recent legal amendments making Bitcoin acceptance voluntary to satisfy IMF loan conditions, the government continues its 1 BTC per day...