Tag: Cryptocurrencies
Bitcoin’s recent sprint from the high‑$60Ks to a local peak above $82K felt, for a moment, like the market remembering how to sprint. That euphoria, however, has been met with a sober counterpunch: momentum has faded, selling pressure has reasserted itself, and a measured pullback toward the mid‑$77K range is now the market’s new reality. This isn’t a call to panic; it’s a reminder that markets that climb fast can unwind just as quickly, and...
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,...
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
Charles Schwab Rolls Out Spot Bitcoin and Ethereum Trading to Retail Clients
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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.
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Strategy Resumes Bitcoin Accumulation with $43 Million Purchase
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Strategy bought 535 BTC for ~$43 million at an average price of $80,340 per coin between May 4 and May 10.
Total holdings now stand at 818,869 BTC, acquired for ~$61.86 billion at an average cost of $75,540.
Purchase funded primarily through common stock sales, with shares rising in pre-market trading.
Follows Q1 earnings and Saylor comments on potential selective BTC sales for dividends while maintaining net positive...
Bitcoin, Crypto adoption, Cryptocurrencies, Front page, News





