
Bitcoin Plummets to $60,000: Traders Search for Causes Behind the Crash
Bitcoin's sharp drop to $60,000 has traders speculating about hidden fund blowups and market dynamics, raising concerns about future stability.
Bitcoin, Ethereum, DeFi, Layer 1s/2s, and digital assets(85 articles)

Bitcoin's sharp drop to $60,000 has traders speculating about hidden fund blowups and market dynamics, raising concerns about future stability.

BlackRock’s IBIT ETF saw record trading volume of $10 billion amid Bitcoin's 12% drop. The ETF struggles with outflows and price declines.

Bhutan sells another $22 million in Bitcoin, reducing its holdings amid market challenges. The sell-off reflects broader trends in crypto volatility.

Bitcoin ETF outflows have reached $2.9 billion as the price drops below $73,000, signaling market turmoil. Traders are exiting amid fears of further declines.

Bhutan has moved over 184 BTC to trading firms amid market volatility, marking its first significant wallet activity in months as Bitcoin dips below $71,000.

XRP's value has dropped to $1.44, its lowest since November 2024, amid Bitcoin's decline, sparking fears of further market downturns.

US Treasury Secretary Scott Bessent asserts no plans for Bitcoin bailouts during Congressional testimony. The government will retain seized Bitcoin but won't direct banks to buy more.

Bitcoin nears a critical pre-election price floor as ETF inflows slow, according to a report by Citi. The cryptocurrency's future direction hangs in the balance.

Short ETFs are thriving as shares in bitcoin holder Strategy plummet, highlighting a bearish sentiment in the crypto market.

Bitcoin ETF assets have dropped below $100 billion after $272 million in outflows, reflecting ongoing market volatility. Altcoin ETFs see modest gains amid the downturn.

Bitcoin's rise to $76,000 brings a slight uplift in crypto, but caution prevails as $1.7 billion in weekly outflows signal defensive positioning.

Bitcoin ETFs saw $272 million in outflows as ether and XRP funds attracted inflows, revealing a shift in investor strategies amid market volatility.

Tokenized silver futures have overtaken bitcoin in liquidations, prompting Michael Burry to warn of a 'collateral death spiral' in crypto markets.

Vitalik Buterin redefines Ethereum's scaling approach, moving away from layer-2s to focus on native rollups, emphasizing the need for a new strategy.

Michael Burry warns Bitcoin's recent drop could trigger a $1 billion sell-off in precious metals. His insights raise concerns for the crypto market's stability.

Bitcoin struggles below $80,000 as US manufacturing signals growth. Robust PMI raises questions about financial conditions and market sentiment.

Bitcoin has dropped to a new low of $72,945, raising concerns about its market stability. The turmoil in US stock markets is influencing crypto prices significantly.

XRP dropped 6.3% as Bitcoin fell below critical support, triggering forced selling. The decline highlights the volatility and risks in today's crypto market.

Standard Chartered forecasts Solana could reach $2,000 by 2030, driven by stablecoin micropayments. Analyst Geoffrey Kendrick remains bullish despite recent price adjustments.

FTX users and Fenwick & West have proposed a settlement over the firm's alleged role in FTX's fraud. The settlement filing is set for court approval on February 27.