IBIT investors are hedge funds that outperformed short-term US Treasury yields on a low-risk basis. Rather from being long-term investors, a large portion of the demand for Bitcoin ETFs comes from hedge funds engaging in this arbitrage game.
Bitcoin risks over $1 billion in long liquidations below $85,000, as significant volatility may signal a retest of the $81,000 support.
Metaplanet spent $13 million (or around $96,185) for 135 Bitcoin. With its most recent acquisition, the Japanese company's BTC holdings now reach 2,225.
The cryptocurrency market has crashed over 5% overnight with a trading volume of $144.82 billion. With this, the crypto-verse is now valued at $3.01 Trillion. Notably, the market has wiped out over $110 billion in 24 hours, making it the worst-performing day of the year.
Bitcoin whales are among likely sources of BTC price support on the radar after a mass liquidation cascade.
Bitcoin tumbled below $90,000 to hit the lowest since mid-November, as the rally that followed Donald Trump's election to the White House reverses under the weight of his trade tariffs and a string of industry setbacks. Trump's administration is planning to expand efforts to limit China from developing a domestic semiconductor industry that could boost its AI and military capabilities.
El Salvador and Tokyo-listed Bitcoin treasury firm Metaplanet have taken advantage of BTC's recent price drop to expand their investments in the leading crypto. This move comes as Bitcoin's value fell to a three-month low below $90,000 due to a broader market downturn that resulted in over $1 billion in liquidation.
The crypto market is facing a sharp drop today, with its total value falling nearly 8% to around $2.90 trillion. This has made the entire crypto market losing over $370 billion in value since last week. The sudden crash has also led to massive liquidations, with $1.51 billion lost in the last 24 hours.
As Bitcoin continues to capture the attention of markets, the latest data shows a stark contrast between network activity and its net capital. Daily transfer volume has fallen by 76%, while realized capitalization has surged by $160 billion in three months.
Bloomberg has learnt that Donald Trump's administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China's chip industry, an early indication the new US president plans to expand efforts that began under Joe Biden to limit Beijing's technological prowess. Meanwhile Bitcoin tumbled below $90,000 to hit the lowest level since mid-November, as the rally that followed Donald Trump's election to the White House reverses under the weight of his trade tariffs and a string of industry setbacks.
The Bitcoin metrics and bearish sentiment shift showed that short-term losses were likely.
Bitcoin sank to its lowest level in three months on Tuesday, with analysts pointing to lingering concerns around the US economy and a "risk off" attitude among investors. At US$88,289, bitcoin was off 3.5% and at levels last seen in mid-November, when Trump's election victory had helped boost the price of the crypto.
Bitcoin has fallen below $90,000 for the first time since reaching this level in November, with it diving to $86,700 before somewhat recovering to $89,000.
For three years, nothing. Not a single move.
Dogcoin (DCOIN), a small-cap memecoin built on Ethereum, has surged an astonishing 75% in just 24 hours, bucking the trend as heavyweights like Bitcoin (BTC) and Solana (SOL) stumble. Bitcoin has plummeted below $89,000, while Solana has slipped under $135, reflecting a broader market downturn that has left investors reeling from long position liquidations.
Strategy, formerly MicroStrategy, saw its stock MSTR fall more than 5%. Not only that, the ratio of MSTR's market capitalization and its Bitcoin holdings has fallen to 1.6 after BTC dropped below $90,000.
Regressing the logarithm of bitcoin's price against the logarithm of time generates a tight fit. This is consistent with bitcoin's price following a power law.
The cryptocurrency market faced a sharp downturn over the past 24 hours, with Bitcoin (CRYPTO: BTC) dropping to a low of $87,115 before stabilizing at $88,850, marking a 7% decline. Ethereum (CRYPTO: ETH) saw an even steeper drop of 10%, trading at $2,420.
Bitcoin, Raydium, and Frax dominate crypto discussions as volatility, governance changes, and major BTC acquisitions drive market sentiment.
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Japanese investment firm Metaplanet announced on Tuesday that it has acquired an additional 135 Bitcoin, investing approximately $12.9 million in the top crypto.
Changpeng Zhao, also known in the crypto community as CZ, has taken to his official page on the X social media platform (formerly known as Twitter) to address the community and share his take on the current crypto market bloodbath.
The cryptocurrency market is in turmoil today, as major digital assets suffer significant losses. With global market capitalization falling by nearly 5% and a surge in trading volumes, the crypto landscape is facing one of its toughest days in recent months.
Bitcoin “goblin town” is incoming, says BitMEX co-founder Arthur Hayes. According to him, Bitcoin could fall to $70,000 if large hedge funds exit their positions in US Bitcoin exchange-traded funds.
The largest cryptocurrency slid as low as $86,873 in after-hours trading, the lowest bitcoin has fallen in three months. BTC Sees Sharp Decline as Trading Volume Surges 178% in Market Sell-Off Bitcoin (BTC) plunged below $87,000 in afterhours trading but has since recovered slightly and is currently trading at $88,297, reflecting a 7.
Strategy (formerly MicroStrategy) executive chairman, billionaire Michael Saylor, announced a recent 20,356 Bitcoin ($BTC) purchase, raising the company's $BTC count to 499,096. The purchase cost $1.99B at $97,514 per $BTC, raising Strategy's overall investment to $33.1B with an average $BTC purchase price of $66,357.
After more than 90 days of consolidating between $91,000 and $102,000, BTC has fallen below the $88,000 range.
El Salvador has resumed its bitcoin purchase schedule, buying 7 BTC after a one-week hiatus, which raised concerns among bitcoiners. The reason for the pause in the bitcoin acquisition schedule remains unknown.
Bitcoin's sharp drop confirms a Wave 4 correction, with price testing key Fibonacci supports near $85,848. RSI oversold conditions hint at a potential bounce, but reclaiming $93,676 is crucial for bullish momentum.
Bitcoin plunged to a three-month low below $88,000 Tuesday morning, dragging the wider crypto market down with it.
Arthur Hayes, co-founder of BitMEX and Chief Investment Officer at Maelstrom, has cautioned that Bitcoin's price could drop as low as $70,000 due to ongoing bearish momentum. This comes as Bitcoin recently slumped to a three-month low of $88,273—its lowest point since mid-November, according to CryptoSlate data.
Bitcoin's growing popularity as a state reserve asset does not contradict its original mission, though Satoshi Nakamoto unlikely had such an intention.
Samson Mow, a Bitcoin supporter and the chief executive officer at Bitcoin focused-company JAN3, has taken to his account on the X social media network (formerly Twitter) to comment on the Bitcoin crash that has taken place over the past day.
CoW Protocol's native token has soared 46% after South Korean exchange Upbit announced it will be listing the token on its platform on Feb. 25.
The price of Bitcoin has fallen to its lowest point since 2025, breaching important support and sending a shockwave through the market. Bitcoin is currently trading at about $88,863, a steep 2.94% decline over the previous day.
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Economists are warning a “nightmare” scenario for the Fed could be about to hit the price of bitcoin
Japan's MicroStrategy Metaplanet has continued with its Bitcoin acquisition strategy while targeting a 35% BTC yield this year in 2025. Since the beginning of the year, the company's stock price has already appreciated by 68% so far, and further aggressive acquisition of BTC could propel it to 10,000 JPY.
Institutional sell-offs, rising macro risks, and unwinding leveraged trades—here's what's behind the latest Bitcoin price crash.
Leveraged trading surge raises concerns of heightened volatility and potential market turmoil.
The sky is falling in for Bitcoin (BTC), and who knows how bad this crash is going to be. Where could Bitcoin bounce, and is this just the beginning of a slide into the bear market?
TL;DR Bitcoin (BTC) drops below $88K: Crypto Market-wide panic and over $1 billion in liquidations. Altcoins follow suit: Major drops for XRP (-14%), Solana (-14%), ETH, BNB, and DOGE (all 5-13%). Hack and outflows trigger crash: Bybit's $1.4 billion hack shakes confidence, leading to further sell-offs.
The cryptocurrency market's decline over the past day comes amid wider market uncertainty following new U.S. tariff plans.
Bitcoin (CRYPTO: BTC) has tumbled below $88,000, levels not seen since mid-November 2024, as market sentiment reacts to Donald Trump's tariff announcement. Trader Notes: Crypto chart analyst Ali Martinez warns that BTC is breaking below a parallel channel and could slide to $81,000 unless it reclaims $92,500.
The crypto market plunged into the red, shaving off over $230 billion after President Donald Trump announced that tariffs on Canada and Mexico would be effective in March. As a result, market sentiment sank to extreme fear, with cryptocurrencies registering significant losses.
Monday's figures, led by Fidelity's FBTC, represent the fifth-largest net daily outflows for the spot Bitcoin ETFs to date.
If passed, Georgia could become one of the first states to officially hold Bitcoin as part of its treasury reserves. The Senate bill 228, introduced in the Georgia General Assembly, aims to modernize the state's investment strategy.