crypto market crash – DIGIT INFO

Political Meme Coin Economy Shrinks by $420M as US Election Nears

DIGIT — Sun, 08 Sep 2024 12:46:15 +0000

As the U.S. election draws closer, the top political meme tokens by market cap have seen a combined $420 million vanish over the past 96 days. Back on June 3, maga (TRUMP), a meme coin themed after the 45th U.S. President, Donald Trump, reigned supreme. Fast forward, and it has lost its crown to constitutiondao […]

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US Bitcoin, Ethereum ETFs hit $6B volume amid market rout

DIGIT — Tue, 06 Aug 2024 00:42:09 +0000

Bitcoin sunk to under $50,000 at the start of US trading on Aug. 5, prompting a huge spike in trading volumes of crypto-related ETFs.

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Crypto market’s ‘perfect storm’ can lead to further massive capitulation

DIGIT — Mon, 05 Aug 2024 20:11:51 +0000

A rapid decline in the traditional markets has spread to cryptocurrencies, obliterating them with a significant drop in all major assets. What are the possible factors for this perfect storm?

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Crypto market crash triggered by ‘aggressive’ selling by Jump Trading – report

DIGIT — Mon, 05 Aug 2024 12:09:16 +0000

Jump Trading significantly contributed to the crypto market sell-off and it could be looking to sell another $104 million worth of wstETH.

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Over $1B wiped out in crypto liquidations as global markets suffer

DIGIT — Mon, 05 Aug 2024 11:16:52 +0000

Crypto traders faced significant losses as major cryptocurrencies, including Bitcoin and Ether, experienced a sharp decline, resulting in over $1 billion in liquidations.

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$300B plunge: Largest 3-day wipeout for crypto in a year

DIGIT — Mon, 05 Aug 2024 01:00:27 +0000

The crypto market saw its largest three-day sell-off in 12 months amid weak jobs data and revived fears of a recession leading to a tumble in the equities market.

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Crypto downturn nukes $190M leveraged positions as traders eye CPI data

DIGIT — Wed, 12 Jun 2024 08:53:41 +0000

The liquidation comes just a few days after the crypto market recorded a $400 million liquidation on Friday, June 7.

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‘FED sledgehammer’ will further batter BTC, ETH prices, says Bloomberg analyst

DIGIT — Tue, 20 Sep 2022 06:04:40 +0000

With the Merge resulting in a ‘buy the rumor, sell the news event,’ Mike McGlone thinks that ETH might drop to “$1,000, or even get a bit lower” given how hawkish the Fed has been.

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India’s Central Bank Governor Warns Crypto Market May Crash and Small Investors Will Lose Money

DIGIT — Fri, 26 Aug 2022 03:30:17 +0000

RBI Governor Shaktikanta Das has warned that the crypto market may crash and small investors will lose money. He added that the central bank believes that its warnings have deterred many people from investing in cryptocurrencies. RBI Governor’s Crypto Warnings The governor of the Indian central bank, the Reserve Bank of India (RBI), Shaktikanta Das, […]

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Almost $100M exits US crypto funds in anticipation of hawkish monetary policy

DIGIT — Tue, 14 Jun 2022 02:00:33 +0000

“What has pushed Bitcoin into a “crypto winter” over the last six months can by and large be explained as a direct result of an increasingly hawkish rhetoric from the US Federal Reserve,” CoinShares wrote.

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