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Bitcoin Flash Crash to $90k Wipes Out Over $1 Billion in Leveraged Positions
Bitcoin surged to US$103,900, fell to US$90,400 overnight, and then recovered to US$97,898. In the last 24 hours, total liquidations reached US$1.04 billion, with US$578.6 million from Bitcoin alone. Market volatility is high, evidenced by a drop in the Fear and Greed Index from 84 to 72. Analysts see potential for broader Bitcoin adoption, influenced by market dynamics and regulatory developments. Following yesterday’s surge to US$103,900 (AU$161,727), Bitcoin took a breather, falling as low as US$90,400 (AU$140,707) in overnight trading. Bulls have since stepped in and bought the dip, causing the price to climb back to US$97,898 (AU$152,287) at the...
German Government Moves $195 Million in Bitcoin to Exchanges Amid Market Concerns
The German government transferred around US$195 million worth of Bitcoin to exchange wallets over June 19-21, according to Arkham Intelligence. The transfers were conducted by the German Federal Criminal Police Office (BKA), which had seized nearly 50,000 BTC from suspects running a piracy site earlier this year. Fears of a large Bitcoin liquidation have been sparked as a wallet address thought to belong to the German Federal Criminal Police Office (BKA) moved around US$195 million (AU$292.8m) in BTC in the past few days to what looks to be exchange wallets. Data from Blockchain analytics platform Arkham Intelligence shows that an...
Top Crypto News This Week: Ripple Stablecoin, Grayscale XLM Trust, FIFA NFT Game, and More
This week’s crypto calendar is packed with major events and bullish stories, including the potential approval of Ripple’s Stablecoin, XRP overthrowing BNB with a $100 billion market cap, XLM’s 50% surge following a Grayscale Stellar Lumens Trust filing, and FIFA’s new NFT game. Additionally, Binance has delisted eight altcoin trading pairs from its spot market, while MicroStrategy is planning to add more Bitcoin to its portfolio. Here are the top crypto news this week: Grayscale Filing Boosts Stellar Lumens (XLM) Price by 58% Stellar Lumens (XLM) surged by 58% this week, reaching $0.53—its highest price since 2021. This sharp increase...
