What to know: Bitcoin staged a sharp overnight round trip during Asian trading hours, sliding below $88,000 before rebounding toward $90,000, according to CoinDesk market data, after President Donald Trump walked back tariff threats tied to Greenland during his World Economic Forum appearance in Davos. The move capped a volatile 24 hours for crypto markets, which…
Crypto markets delivered a painful lesson in leverage over the past 24 hours, liquidating more than $625 million in positions as sharp price swings punished traders betting in both directions. According to CoinGlass data, roughly 150,000 traders were forced out of positions, with liquidations split almost evenly between long and short bets. About $306 million…
What to know: Bitcoin BTC$93,284.94 has remained between the November low near $80,000 and the January high around $98,000 for 59 days, and is now approaching the roughly 60-day timespan that marked previous consolidations since the collapse of crypto exchange FTX marked the cycle bottom in 2022. Take, for example, April 2025 during the market turmoil related…
What to know: Three Chinese nationals arrested in South Korea have been referred to prosecution after allegedly laundering $107 million worth of cryptocurrency, local custom officials reported on Monday. The arrests in South Korea come amid the financial regulatory authorities seeing delays in agreeing on a crypto market framework in a country where cryptocurrency has become a primary investment…
What to know: The Reserve Bank of India (RBI) is pushing a plan to link central bank digital currencies (CBDCs) across BRICS nations to streamline cross-border trade and tourism while chipping away at the U.S. dollar’s dominance. Sources told Reuters that the RBI urged the government to add the proposal to create an interconnected system of…
What to know: Bitcoin BTC$93,188.41 and the broader crypto market traded lower on Monday following reports that the European Union is readying 93 billion euros ($110 billion) of tariffs in retaliation to U.S. President Donald Trump’s threats about Greenland. The tariff concerns sent equities in Europe and futures in the U.S. lower while haven assets gold and…
What to know: The idea that bitcoin BTC$93,184.79 is a gold-like haven took another hit on Monday. The price tumbled, and traders slashed the odds of a sprint to $100,000 price by the end of January after President Donald Trump threatened to impose more tariffs on Denmark and seven other European countries. Trump said on Saturday that…
What to know: Ethereum co-founder Vitalik Buterin is calling for an overhaul of decentralized autonomous organizations, or DAOs, which are core to blockchain-based democratization of finance, arguing that most have strayed from their promise to shift financial power from banks to everyday token holders. In a post published on social media, Buterin said that the…
What to know: Paradex, a decentralized exchange on the Starknet network, has confirmed a rollback after a data error caused the price of bitcoin to hit zero on the platform, triggering mass liquidations. A Paradex team member wrote on Discord on Monday morning that the issue occurred following a database migration and that the chain…
What to know: Bitcoin’s network hashrate, the computing power devoted to keeping the blockchain running, has fallen roughly 15% from its October peak, a sign of growing stress among miners. The average computing power securing the network has declined from around 1.1 zettahashes per second (ZH/s) in October to roughly 977 exahashes per second (EH/s),…
