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Bitcoin price falls to $65K as $400M crypto market liquidation rocks BTC and altcoins
Bitcoin price falls to $65K as $400M crypto market liquidation rocks BTC and altcoins

Bitcoin price sees sharp sell-off as today’s downside move liquidates heaps of BTC and altcoin traders who were caught offside.

Cointelegraph·2024/04/12 21:04
Bitcoin (BTC) Price Tumbles $6K, Liquidations Skyrocket to $500M in 1 Hour
Bitcoin (BTC) Price Tumbles $6K, Liquidations Skyrocket to $500M in 1 Hour

The total crypto market cap lost over $200 billion in a few hours.

Cryptopotato·2024/04/12 20:43
Meme Coin Massacre: WIF, BONK, PEPE, FLOKI, SHIB, and DOGE Plummet by Double Digits
Meme Coin Massacre: WIF, BONK, PEPE, FLOKI, SHIB, and DOGE Plummet by Double Digits

Aside from these meme coins, the other massive losers in the past 24 hours are CORE, DYDX, W, CFX, and more.

Cryptopotato·2024/04/12 20:43
Bitcoin falls to new lows as stock markets correct — Did something break?
Bitcoin falls to new lows as stock markets correct — Did something break?

The crypto market sees a sharp correction as the U.S. stock market waves some concerning red flags.

Cointelegraph·2024/04/12 20:28
Crypto liquidations creep toward $500 million as major token prices plunge in flash crash
Crypto liquidations creep toward $500 million as major token prices plunge in flash crash

Cryptocurrency liquidations hit $468.2 million between about 2:00 p.m. ET and 3:00 p.m. ET on April 12.Total crypto liquidations in the past 24 hours reached $858.15 million among 270,018 traders, crypto liquidations tracker CoinGlass finds.

The Block·2024/04/12 19:52
VeChain and Neo rally as proxy bets on Hong Kong ETF approval, analysts say
VeChain and Neo rally as proxy bets on Hong Kong ETF approval, analysts say

VeChain and Neo seen as proxy bets on Hong Kong becoming Asia’s first city to approve bitcoin and ether ETFs, analysts said.

The Block·2024/04/12 15:55
Hong Kong to approve spot bitcoin, ether ETFs as soon as Monday: Bloomberg
Hong Kong to approve spot bitcoin, ether ETFs as soon as Monday: Bloomberg

Hong Kong regulators are expected to greenlight spot ETFs for both bitcoin and ether as early as Monday, Bloomberg reported, citing sources familiar with the matter.

The Block·2024/04/12 15:28
Flash
09:34
Pre-market: «Huang's Stock Picks» set to Open Lower; Intel Down Over 3%
BlockBeats News, June 10th, according to Bitget data, before the US stock market opened, the "Huang Renxun's Strict Selection Stocks" generally fell, including: Intel (INTC) fell by 3.33%; Nebius (NBIS) fell by 3.23%; Nokia (NOK) fell by 2.99%; Marvell (MRVL) fell by 2.95%; CoreWeave (CRWV) fell by 2.88%; IREN (IREN) fell by 2.87%; Coherent (COHR) fell by 2.38%; Corning (GLW) fell by 2.25%.
09:15
Think Tank Reports South Korean Retail Investors' Leveraged Stock Investments Reach Brokerage Limits
On June 10, the head of the Capital Market Research Institute in South Korea stated that retail investors' leveraged stock investments have reached the limits set by local brokerages. Each brokerage in South Korea has a financing cap and is subject to strict regulation. Currently, the loan limits at various brokerages have been reached, which means that retail investors find it difficult to borrow more funds from brokerages for investment.
08:49
Analysis: Bitcoin is still in the typical "Four-Year Cycle," with $53,000 likely to be a key support level
BlockBeats News, June 10th, Trader Bob Loukas stated that Bitcoin is still in a "very standard four-year cycle," and the current price trend is not significantly different from the previous cycle. Many people have said "this time is different," but he believes that this Bitcoin cycle still follows the typical four-year cycle framework. He pointed out that the current cycle has entered the 44th week, and the cycle's low point window usually occurs around 10% of the time around the 46th week. Loukas mentioned that the midpoint of the past four-year cycle was around $53,000, which could become a significant support and resistance level and a potential buying opportunity near the bear market low. He also stated that the Bitcoin price may re-enter a price discovery phase in 2028. In its latest market report on Monday, QCP Capital stated that BTC is currently within a narrow psychological range, with buying interest near $60,000, but the options market is still defensively positioned, and macro risks continue to impact market sentiment.
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