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Markets
As Bitcoin Bellyflops to $54K Only Five Mining Rigs Remain Profitable, Says F2Pool
Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn.
Crypto Bulls Rack up $580M Liquidations as Bitcoin Drops 8%, Ether, Solana, Dogecoin Plunge
Traders previously warned of a bearish market reaction to Mt. Gox’s bitcoin repayments.
Bitcoin Slumps Below $54K as Mt. Gox Moves $2.6B in BTC
BTC slides to lowest since late February, breaching key price support.
Bitcoin Nosedives Under $58K Amid Mt. Gox, German Government Wallet Movements
A wallet belonging to a German official entity moved its largest stash of BTC to exchanges earlier today, while Mt. Gox wallets showed activity for the first time in a month.
Bitcoin Drops Below 200-Day Average, Brings Bull Market Trendline Into Focus
Markets that consistently trade below the 200-day moving average are said to be in a downtrend.
Bitcoin Plunges Under $59K as Crypto Bulls See $230M Liquidations
Solana’s SOL and dogecoin (DOGE) lead losses among major tokens, with the CoinDesk 20 index down 4.8%.
DeFi Tokens Plunge 10%-20%, Led by Pendle Amid Weak Crypto Price Action This Week
Pendle has recently lost $3 billion of its TVL with the June expiry as a result of diminishing airdrop farming hype and lower yields amid muted crypto activity.
CoinDesk 20 Performance Update: XRP and LTC Top Performers as Crypto Market Tumbles
The CoinDesk 20 index declined 4.2% since late Thursday afternoon.
Bitcoin Sinks Under $61K as One Trader Sticks to $150K Prediction This Year
U.S.-listed ETFs ended a five-day inflow streak with $13 million in net outflows on Tuesday, while concerns of the Mt. Gox distribution may have contributed to a sell-off.
Investors Added Money to Bitcoin ETFs Even as Prices Slipped 7% in June
BlackRock's iShares Bitcoin Trust continued to lead as the largest of the funds.
