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 billion acquisition.
Bitcoin plummeted below $77,000 Monday morning, hitting multi-week lows as risk assets reacted sharply to rising bond yields and escalating Middle East tensions. The market downturn triggered more than $670 million in...
Bitcoin Slides to $78,000 as Over $500 Million in Longs Get Liquidated
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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,...
Coinbase to Become Official USDC Treasury Deployer on Hyperliquid as USDH Stablecoin Phases Out
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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 gradually, with Coinbase securing the rights to purchase its brand assets from Native Markets.Hyperliquid’s native HYPE token rallied by 19% following the announcement of the consolidated, USDC-led liquidity structure.
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Senate Banking Committee Advances CLARITY Act in Bipartisan Vote
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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...
Crypto regulation, Cryptocurrencies, Front page, News, Regulation
U.S. spot Bitcoin ETFs see $630 million outflow as inflation data triggers risk-off shift
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U.S. spot Bitcoin ETFs recorded a net outflow of $630.4 million on Wednesday, marking the largest single-day redemption in over three months.
The exit was driven by surging inflation data, with April PPI hitting 6% and CPI reaching 3.8%, dampening hopes for Federal Reserve rate cuts.
Selling was concentrated in ARK Invest’s ARKB and Fidelity’s FBTC, while BlackRock’s IBIT managed to maintain positive momentum with modest inflows.
U.S. spot...



