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Crypto News Roundup for Feb. 25, 2020
Bitcoin fights to rise above $10K while a new crypto bank rises in Wyoming. It's Markets Daily from CoinDesk.
Updated Sep 13, 2021, 12:21 p.m. Published Feb 25, 2020, 7:37 p.m.
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Today's News:
Blockchain Pioneer Caitlin Long to Build Crypto Bank in Wyoming
Russian Smelting Giant Nornickel Launches Metal Tokenization Platform for Testing
CoolBitX Raises $16.7M to Make Crypto More Bank-Friendly
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Ether, Dogecoin, Solana Slide as Bitcoin Fails to Sustain Early-Week Breakout
The pullback followed Tuesday's brief spike above $94,500, a move that triggered a minor short squeeze but failed to break the resistance that has capped bitcoin for most of the past three weeks.
What to know:
- Bitcoin fell toward $90,000 as crypto markets lost ground despite a Federal Reserve rate cut.
- Over $514 million in leveraged positions were liquidated, with major tokens like Ether and Solana also declining.
- Analysts suggest Bitcoin must surpass $94,000 to signal a significant rebound, amid concerns over macroeconomic conditions and market liquidity.
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