Bitcoin Plunges Below $79,000 as $650 Million in Liquidations Hits Market in One Hour
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 intensi…
Trump Nominates Former Fed Governor Kevin Warsh to Succeed Jerome Powell
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 t…
Gold and Silver Prices Crater as Kevin Warsh Fed Nomination Sparks Sharp Deleveraging
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 downwa…