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Bitcoin Slides Below $60K as Traders Trigger $1.57B Liquidation Wave Across Crypto

Bitcoin dropped below $60,000 amid a broader crypto market sell-off that erased $200 billion in total market value and triggered $1.57 billion in leveraged liquidations. Liquidations Pass the Billion-Dollar Mark Bitcoin plunged below $60,000 on Friday amid a market-wide sell-off that shaved approximately $200 billion from the crypto economy. According to Bitstamp data, the cryptocurrency […] from Bitcoin News https://ift.tt/RrdPo4I
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FG Nexus Dumps 36,025 ETH as Ethereum Treasury Losses Top $85M

FG Nexus has lost more than $85 million on its ethereum treasury strategy after buying ETH near last year’s highs and selling much of the position at lower prices. The losses highlight the pressure facing public companies that turned to ether as a reserve asset. FG Nexus’ $196M Ethereum Bet Backfires as Losses Surpass $85M […] from Bitcoin News https://ift.tt/gQavuJI
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Visa and Mastercard to Halt Operations in Cuba Following Sweeping US Sanctions

The Central Bank of Cuba announced that the interruption of the credit companies’ activities was linked to the suspension of foreign bank services that processed these transactions. The bank stressed this was a consequence of the expanded sanctions regime on Cuba. Mastercard And Visa Stop Processing Payments In Cuba Mastercard and Visa, two of the […] from Bitcoin News https://ift.tt/2WGcpYS
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Bitwise Model Shows Bitcoin Is Deeply Underpriced at $224K Fair Value Amid Debt Crisis

Bitcoin is currently trading roughly $150,000 below what Bitwise Europe’s sovereign default model says it is worth. That gap widened in May as the price climbed to $83,000 before $1 billion in exchange-traded product (ETP) outflows dragged it back to $72,000, leaving the market compressed at a structural crossroads. Bitcoin Hit $83K Then Crashed to […] from Bitcoin News https://ift.tt/RJ53FUP
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WSJ: Hyperliquid Has Become Wall Street’s Go-to Weekend and After-Hours Perps Venue

Hyperliquid is emerging as a key weekend and after-hours venue for Wall Street traders to trade perpetual futures, the Wall Street Journal reported, as round-the-clock onchain markets pull activity away from traditional exchanges. When the Markets Close, Hyperliquid Stays Open Hyperliquid, a decentralized exchange ( DEX) built for perpetual futures, has become a destination for […] from Bitcoin News https://ift.tt/38Bxa5Z
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Bitcoin Drops 10% in 3 Days, Falls Below $66K as $500M Liquidation Wave Hits

Bitcoin fell sharply for a third straight day, sliding below $66,000 on Wednesday and wiping out all of its April gains. Bitcoin Erases April Gains Bitcoin’s downward slide continued on Wednesday as the cryptocurrency dipped below $66,000, erasing its April gains. The digital currency plunged from just over $67,700 to an intraday low of $65,362—a […] from Bitcoin News https://ift.tt/tq3hJBG
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Blackrock IBIT Sheds $440M as Bitcoin ETF Outflows Reach 11 Days

Crypto exchange-traded fund (ETF) flows opened June on a defensive note, with bitcoin funds losing nearly half a billion dollars and ether products extending their outflow streak to 15 trading days. Yet XRP and HYPE ETFs again attracted fresh capital, showing that investors are still making selective bets beyond the largest crypto assets. XRP ETFs […] from Bitcoin News https://ift.tt/PEprtud
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