Bitcoin Slides to $78,000 as Over $500 Million in Longs Get Liquidated
Bitcoin dropped about 3.2% over 24 hours to near $78,000, reversing gains from the prior week when it briefly topped $82,000.
Over $581 million in crypto positions liquidated, with ~95% from long bets led by BTC and ETH.
Broad risk-off move tied to hotter inflation data, surging bond yields, and spot Bitcoin ETF outflows.
Altcoins hit harder: SOL and XRP down ~5%, ETH ~3.3%.
Bitcoin tumbled to around $78,000 on May 16, era…
Bitcoin Slides Below $77,000 Amid Geopolitical and Macro Pressures as Strategy Deploys $2 Billion to Buy the Dip
Bitcoin faces significant downward pressure as macroeconomic and geopolitical factors trigger widespread market liquidations, even as corporate giant Strategy capitalizes on the pullback with a massive $2 bill…
Coinbase to Become Official USDC Treasury Deployer on Hyperliquid as USDH Stablecoin Phases Out
Coinbase has been designated as the official treasury deployer for USDC on the Hyperliquid decentralized exchange, deepening institutional integration.The platform’s native USDH stablecoin will be phased out…
Senate Banking Committee Advances CLARITY Act in Bipartisan Vote
Senate Banking Committee advances CLARITY Act 15-9 with two Democrats joining Republicans.
Bill provides clearer SEC/CFTC jurisdiction split, digital commodity classifications, and DeFi protections.
Next steps include merger with Agriculture Committee bill and full Senate vote requiring 60 votes.
Market reaction positive, with Bitcoin reclaiming $81,000 and XRP/DOGE surging.
The U.S. Senate Banking Committee advanced the D…
Charles Schwab Rolls Out Spot Bitcoin and Ethereum Trading to Retail Clients
Phased Launch Details: Schwab Crypto provides spot trading in BTC and ETH, which represent roughly three-quarters of total crypto market capitalization, with plans to expand to additional assets over time.
Pricing and Features: Competitive 0.75% (75 basis points) trading fee; integrated viewing of crypto alongside traditional investments on Schwab.com, mobile, and thinkorswim platforms; educational resources and 24/7 support.
Custody…
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