The US-China talks will “be central” to crypto traders’ market moves in the short-term, sentiment platform Santiment said.
The crash was caused by a perfect storm of short-term factors, causing $20 billion in liquidations — the worst 24-hour drain in crypto history.
Some altcoins lost over 95% of their value during Friday’s crash, which triggered the most severe and rapid liquidations in crypto history.
ZEC recovered all its value lost during Friday's market meltdown and also hit a recent high of $291 before dipping to the $270 level.
After yesterday's multibillion dollar leveraged crypto wipeout, traders are licking their wounds — but those who cannot remember the past are condemned to repeat it.
Crypto.com CEO Kris Marszalek has urged regulators to probe exchanges after $20 billion in liquidations, far outpacing any previous market crash, including FTX.
Bitcoin stayed near three-week lows after a giant $20 billion liquidation cascade, but crypto market predictions warned that the bottom was not yet in.
US spot Bitcoin ETFs logged $2.71 billion in weekly inflows, even as Trump’s China tariff comments triggered a brief market outflow.
Bitcoin has fallen below $116,000, but select analysts remain unfazed as they anticipate solid buying to emerge at lower levels.
An $11 billion Bitcoin whale returned to crypto markets this week, likely seeking trading opportunities tied to October’s historic crypto rallies and uncertainty in the US.