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Bitcoin Loses $106K After $800M in Liquidations
Bitcoin fell to $105,000 as leveraged traders faced significant losses, with $1.2 billion in crypto positions liquidated. What was the cause of the decline? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
Bitcoin Most Oversold Level Against Gold in 3 Years, What's Next?
The BTC/Gold Ratio's 14-day RSI has plunged to a level not seen since late 2022, signaling extreme selling pressure and potential undervaluation. In today's "Chart of the Day," presented by Crypto.com, CoinDesk's Jennifer Sanasie dives into the technicals, discussing why confirmation from other indicators is vital.
BNB Drops Despite Coinbase Roadmap and Institutional Investment
Binance's native token BNB is down 15% from its all-time high, failing to recover despite its addition to the Coinbase listing roadmap and reports of a $600 million institutional treasury accumulation. In today's "Chart of the Day," presented by Crypto.com, CoinDesk's Jennifer Sanasie examines the critical $1,150 support level, growing adoption news, and macro pressures from U.S.-China trade tensions that are driving market uncertainty.
Paxos Accidentally Minted $300T of PayPal's Stablecoin
Stablecoin issuer Paxos accidentally minted $300 trillion worth of PayPal's PYUSD stablecoin, far exceeding the total U.S. dollar supply. Paxos emphasized that it was not a security breach but the incident raised concerns about how an enormous amount of stablecoin could be created without requisite collateral. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
XRP Price Dips, But 40% Volume Spike Signals Institutional Interest
Is XRP setting up for a reversal? In today's "Chart of the Day," presented by Crypto.com, CoinDesk's Jennifer Sanasie dives into the data, a new partnership driving market sentiment, and what XRP moves traders are watching for next.
U.S. Cracks Down on Cambodian Pig Butchering
U.S. authorities struck the Cambodia-based firm Prince Group as an operator of forced-labor global scam operations. The DOJ took what it said was its largest-ever crypto seizure of 127,271 bitcoin, worth about $14 billion at current value. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
Is A Bull Run Still in Play for Q4?
In today's Market Outlook, CoinMarketCap's Head of Research, Alice Liu, joins CoinDesk's Jennifer Sanasie to break down the global catalysts driving BTC back to $111K. Plus, they discuss the three biggest market drivers, including a whale warning and the critical impact of Jerome Powell's speech on interest rates and the economy.
Crypto Markets Tumbles as China Hits Back on U.S. Tariffs
The crypto market is in the red again as China's trade measures against U.S. entities spurred risk-off sentiment globally. According to a report from Bloomberg, China sanctioned U.S. units of South Korean shipbuilder Hanwha Ocean in a move that reignited fears that the trade conflict with Washington could spiral. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
Bitcoin Faces $100K Downside Risk
Following Friday's crash, BTC has failed for the third time to hold gains above a critical long-term trendline dating back to the 2017 and 2021 highs. In today's "Chart of the Day," presented by Crypto.com, CoinDesk's Jennifer Sanasie breaks down what this means for price, why market indicators suggest a weakening of bullish momentum, and the one level bulls must break to avoid a deeper drop.
