Markets

Bitcoin, ether extend declines as leverage unwind accelerates: Crypto Markets Today

Crypto markets fell further overnight as bitcoin and ether extended losses, metals tumbled and liquidation pressure hit leveraged traders across derivatives markets.

Digitally altered photo of a dollar bill (Ryan Quintal/Unsplash, Modified by CoinDesk)

Gold's six-month rally versus bitcoin shows similarities to the 2019 cycle

The bitcoin-to-gold ratio rebounded from recent lows, mirroring a pattern seen in the 2019-2020.

BTC/Gold (TradingView)

U.S. dollar strength and volatility surge as markets nervously await U.S. open

While Fed chair speculation drives uncertainty across equities, rates, and crypto.

DXY Index (TradingView)
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XRP bulls lose $70 million as Ripple-linked token plunges 7%

Traders are watching $1.74 as near-term support, with $1.79–$1.82 now the key resistance zone.

XRP symbol on top of dollar bills. (Unsplash/CoinDesk)

Bitcoin is going nuts with biggest volatility spike since November

The spike shows traders rushing for protection, though implied volatility is not yet at extreme levels versus the past year.

Bear roaring

Rollercoaster bitcoin price moves end up liquidating $1.7 billion in bullish crypto bets

More than $1.7 billion in leveraged positions were liquidated in 24 hours as bitcoin fell to $81,000, with long bets accounting for nearly all the damage amid macro jitters and Fed chair speculation.

(Christian Dubovan/Unsplash, modified by CoinDesk)

Bitcoin pulls back to as low as $81,000 as horrendous day continues

The world's largest cryptocurrency has shed nearly $10,000 over the past 24 hours, now threatening to take out its recent November low just under $81,000.

Ether has fallen below a key bull market trendline.  (Eva Blue/Unsplash)

Circle’s biggest bear just threw in the towel, but warns the stock is still a crypto roller coaster

Circle’s rising correlation with ether and DeFi exposure drives the re-rating, despite valuation and competition concerns.

Circle logo on a building