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Crypto Markets Lose $220 Billion in 2 Days as Bitcoin Slumps Toward $63K (Market Watch)
Crypto Markets Lose $220 Billion in 2 Days as Bitcoin Slumps Toward $63K (Market Watch)

The entire crypto landscape is well in the red, with massive losses from SOL, ADA, DOT, DOGE, and others.

Cryptopotato·2024/03/19 10:19
Bitcoin price falls below $64,000, volatility causes spike in long liquidations
Bitcoin price falls below $64,000, volatility causes spike in long liquidations

The bitcoin price has dropped by over 6% in the past 24 hours.The latest price correction has impacted long positions, with over $134 million in bitcoin longs liquidated.

The Block·2024/03/19 09:47
Slerf’s memecoin launch: ‘Mindless’ screw-up or marketing stunt?
Slerf’s memecoin launch: ‘Mindless’ screw-up or marketing stunt?

The developer behind the Slerf memecoin claims the snafu was due to a “mindless misclick,” but skeptics suggest the drama may have been a very daring marketing stunt.

Cointelegraph·2024/03/19 08:10
Bitcoin levels to watch next as BTC price risks sub-$60K retest
Bitcoin levels to watch next as BTC price risks sub-$60K retest

Bitcoin bulls face an uphill struggle to stem selling amid worries that BTC price weakness will end up challenging levels below $60,000.

Cointelegraph·2024/03/19 07:39
World’s largest pension fund explores diversifying into Bitcoin
World’s largest pension fund explores diversifying into Bitcoin

Japan’s Government Pension Investment Fund, the largest pension fund in the world, is willing to learn more about Bitcoin as a potential diversification tool.

Cointelegraph·2024/03/19 07:32
Flash
  • 05:08
    Anthony Pompliano warns investors about the potential risks of MicroStrategy's "Bitcoin strategy"
    In a recent interview, Anthony Pompliano, the founder and CEO of Professional Capital Management, analyzed MicroStrategy's method of using convertible bonds to purchase Bitcoin. The company has been selling future equity at a 55% premium to increase its holdings in Bitcoin, which is an attractive proposition from a financial perspective. By selling equity at prices higher than its current stock value, MicroStrategy can generate substantial capital for buying Bitcoin. Pompliano emphasized that this approach is mathematically reasonable but warned investors to be aware of often overlooked risks as there are many unknown factors that could affect the outcome of the Bitcoin strategy. In a recent report, IntoTheBlock highlighted four major risks brought by MicroStrategy's aggressive Bitcoin acquisition strategy to the cryptocurrency market. Although these risks have low probabilities, Pompliano stressed that investors must consider the most extreme scenarios. (CoinGape)
  • 05:07
    BlackRock CEO: Bitcoin is an international asset, not dependent on any country's fiat currency
    BlackRock CEO Larry Fink said in an interview with Fox, "Bitcoin is an international asset that does not depend on any country's currency."
  • 05:05
    Analysis: Bitcoin liquidity indicators suggest a potential high of $110,000 by January next year
    The founder and CEO of Global Macro Investor recently stated that Bitcoin has entered the "parabolic phase" of the current market cycle. Based on the correlation between Bitcoin and the total liquidity index of global macro investors, the price of Bitcoin may rise to a local high point above $110,000 by the end of January 2025, then fall below $70,000 in February 2025. Note: This index provides an overall view of all major central bank balance sheets. However, due to what Pal calls a "temporary peak in liquidity", any potential pullback below $70,000 is only temporary. He expects liquidity will continue to rise until the third quarter of 2025. Other analysts predict that global liquidity will peak at the end of January 2026. According to historical data, Bitcoin could absorb up to 10% of new money supply. Given an expected increase in liquidity by $20 trillion dollars, this could attract new investments worth $2 trillion into Bitcoin by 2025.
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