Bitcoin falls below $70k causing $289 million in total market liquidations
Long positions bear the brunt with $259.21 million liquidated amid Bitcoin's drop.
Happy Friday!
In today’s CryptoSlate newsletter, we cover the latest news in the crypto world. Bitcoin's recent drop below $70,000 has triggered a massive $289 million in liquidations, with long positions taking the hardest hit at $259.21 million. In a notable counterpoint, former President Trump has reaffirmed his support for Bitcoin on the anniversary of Satoshi's whitepaper, promoting a crypto-friendly vision. Meanwhile, the SEC continues its crackdown, with Immutable receiving a Wells Notice and challenging the agency's vague allegations while committing to ongoing innovation. Additionally, Riot Platforms is attracting high-profile partners for its AI ventures, despite reporting losses in Q3. Keep reading for the latest updates on these significant developments!
The global crypto market cap is $2.33 trillion, with a 24-hour volume of $98.52 billion. The price of Bitcoin is $69,470.17, and BTC market dominance is 58.9%. The price of Ethereum is $2,501.61, and ETH market dominance is 12.9%. The Crypto Fear & Greed Index is currently Greed (75).
Bitcoin falls below $70k causing $289 million in total market liquidations
Long positions bear the brunt with $259.21 million liquidated amid Bitcoin's drop.
📰 Top News
Trump reaffirms support for Bitcoin on Satoshi’s whitepaper anniversary
Trump's post on social media, which also targeted Democratic rival Kamala Harris, highlighted his commitment to a crypto-friendly approach.
SEC crackdown continues with Immutable latest to receive Wells Notice
Immutable challenged the SEC's vague allegations and said it will continue to innovate despite regulatory hurdles
Riot Platforms attracting ‘blue-chip’ partners for AI ventures amid Q3 losses
Riot's power capacity becomes a key asset as they navigate rising AI partnership inquiries.
Transform DeFi with EverValue's Bitcoin-Backed Token
EverValue's Bitcoin-backed EVA token drives DeFi growth, raising 75+ BTC & 120K USDT, with 100+ BTC in its Burn Vault. #ad
🗞️ More News
MakerDAO founder proposes strict deflationary tokenomics amid rebranding process
FTX eyes $21 million asset recovery through settlements with bank and charity organization
Majority of Bitcoin metrics reveal bearish outlook with price just 6% from all-time high
Blockchain Association slams SEC enforcement actions under Gensler for stifling growth
StanChart sees high volatility for Bitcoin in lead up to US elections
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