Bitcoin (BTC) price action liquidated shorts on Tuesday as market participants reacted to US President Donald Trump’s comments on the Iran war. Key takeaways: Bitcoin order book liquidity is increasing as BTC price rebounds to $71,000. Market participants anticipate a liquidity grab toward $72,000 next. BTC price momentum improves, with rising spot volume and strong…
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Authorities sold the recovered Bitcoin in small batches over 11 days to avoid disrupting the market, according to local media reports. South Korean prosecutors have sold 320.8 Bitcoin recovered after a phishing incident temporarily removed the crypto from government custody. The Gwangju District Prosecutors’ Office said it sold 320.8 Bitcoin (BTC) at market prices and…
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US lawmakers have launched an investigation into several Wall Street underwriters, including Dominari Securities, whose parent company is linked to the Trump family, over their role in bringing Chinese companies to US stock markets that were later tied to stock manipulation schemes. On Monday, the House of Representatives Select Committee on China, chaired by Representative…
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US spot Bitcoin exchange-traded funds posted net inflows on Monday, snapping a two-session stretch of outflows as Bitcoin rose toward $70,000 and investor demand returned to the largest cryptocurrency. Spot Bitcoin (BTC) ETFs recorded $167 million of inflows on Monday, following around $577 million in outflows on Thursday and Friday, according to SoSoValue data. Daily…
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Bhutan, one of the world’s largest nation-state Bitcoin holders, has just moved 175 Bitcoin from its main holding address as cryptocurrency markets posted modest gains on Monday. Data from the blockchain analytics platform Arkham shows that the South Asian country moved $11.85 million worth of BTC to an address created a month ago, which had…
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Oil prices fell while cryptocurrencies posted modest gains on Monday after US President Donald Trump told reporters that war with Iran could be coming to an end — even as he later ramped up the war rhetoric again on social media. In a phone interview with CBS News on Monday, Trump made it appear that…
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Bitcoin (BTC) exchange-traded fund (ETF) flows have turned net positive over the past 30 days, while gold ETF demand has started to slow down after nine straight months of inflows. The shift comes even as gold prices remain elevated and sentiment around Bitcoin continues to cool. With these contrasting trends in ETF flows and the…
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Key takeaways: Oil price spikes often precede 20% spikes in Bitcoin value, though initial market reactions remain volatile and unpredictable. Bitcoin currently mirrors tech stocks with an 81% Nasdaq 100 correlation, making it less sensitive to oil prices. Oil prices surged to $101 per barrel on Sunday, marking a 55% increase in ten days—the largest…
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Fairshake, the political action committee backed by crypto companies Ripple Labs and Coinbase, among others, has reported additional spending on Illinois congressional races with the US midterm elections less than eight months away. In filings on Sunday with the Federal Election Commission, Fairshake reported a $16,000 media buy to oppose Illinois state representative La Shawn…
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Cynthia Lummis, one of Wyoming’s two US senators, who announced plans to leave the chamber in 2027, has revived a push for a de minimis tax exclusion on small cryptocurrencies transactions as the Senate debates a digital asset market structure bill. In a CNBC interview on Wednesday, Lummis said that the House Ways and Means…
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