A crypto trader just turned well-timed bets into $6.8 million after placing highly leveraged bets on Bitcoin and Ethereum, scaling into long positions hours before President Donald Trump’s U.S. crypto reserve announcement on Sunday. The trader, operating on decentralized derivatives exchange, Hyperliquid, deposited $6 million in USDC and used 50x leverage to open long positions…
President Trump has unveiled the digital assets that he plans to include in the US crypto strategic reserve, causing the value of those coins, many of which had been in a slump, to skyrocket. The five cryptocurrencies Trump is eyeing are Bitcoin, Ether, XRP, Solana and ADA. Trump had signed an executive order in January…
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WASHINGTON, DC – JANUARY 23: David Sacks, U.S. President Donald Trump’s AI and Crypto Czar, listens … [+] to President Trump signs a series of executive orders. (Photo by Anna Moneymaker/Getty Images) Getty Images President Donald Trump’s new statement about the Trump Crypto Reserve including XRP, Solana (SOL), and Cardano (ADA) has triggered a tidal…
Bitcoin (BTC) neared $93,000 on Mar. 2 as US President Donald Trump doubled down on a strategic crypto reserve. BTC/USD 1-day chart. Source: Cointelegraph/TradingView Trump writes: “I also love Bitcoin and Ethereum!” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 8% in rare weekend volatility. Trump ignited a crypto firestorm into the weekly…
The Swiss National Bank (SNB) has rejected the notion of incorporating Bitcoin into its reserves. The central bank has no interest in retaining the cryptocurrency, as it is too volatile and risky, according to SNB President Martin Schlegel. Price Swings Raise Concerns Schlegel cited Bitcoin’s unpredictable price fluctuations as a significant factor in the proposal’s…
16h05 ▪ 4 min read ▪ by Mikaia A. The table is black for Bitcoin. Very black. For several days, the crypto market has been in turmoil, with losses piling up at a hellish pace. Not only are altcoins taking a hit, but even stablecoins are wavering. The carnage intensified on February 28, when Bitcoin…
A veteran crypto trader who has a history of nailing Bitcoin’s market tops and bottoms says that BTC is likely nearing the end of its current correction. Pseudonymous trader and analyst Dave the Wave tells his 148,000 followers on the social media platform X that Bitcoin appears to be strongly reacting to the 365-day simple…
Bitcoin has recorded its largest monthly loss since June 2022, pushing it into a bear market as the euphoria over cryptocurrencies after Donald Trump’s election win faded. The price of bitcoin fell by 17.5% in February, the biggest monthly drop since June 2022, and its 11th worst month in the last decade, as negative sentiment…
High-angle view of Kibera, Kenya getty Six and a half kilometers from the city center of Nairobi, Kenya lies Kibera, the largest informal settlement in Africa. In this area, home to over 500,000 residents, a Bitcoin circular economy called Afribit has been growing for the past half decade. The Afribit team uses Bitcoin as a…