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Bitcoin took a sharp plunge on Friday, falling more than 12% after President Trump announced a 100% tariff on Chinese imports, sparking fears of a new trade war. The news sent shockwaves through the crypto market, wiping out over $19 billion in liquidations and causing panic selling among millions of traders. Bitcoin briefly dropped below $105,000 before bouncing back slightly. This plunge mirrored broader market fears as investors rushed to safer assets, amidst uncertainty over escalating US-China tensions and economic stability. But, in the face of deep uncertainty, some experts are keeping calm and asked investors to show some faith…

Key takeaways:Bitcoin’s broader uptrend and on-chain data suggest the market remains in an expansion phase.Strong dip-buying by “sharks,” and key trendline support point to another BTC rebound.Bitcoin (BTC) attempted to recover a day after traders witnessed the biggest single-day wipeout on record, with over $5.39 billion in leveraged positions liquidated in 24 hours, which is twice as large as the “COVID-19 crash” in 2020.BTC total liquidations chart. Source: DefiLlamaAs of Saturday, BTC’s price had rebounded by 8.50% after dropping to its local low at around $103,000. At the time of writing, it remains down 11% from its record high of…

Amid the recent market volatility, Solana (SOL) has lost a crucial area for the first time in over a week, leading some analysts to forecast a potential drop toward the $200 support and below in the coming days. Related Reading Solana Pullback Eyes $200 Retest Solana fell from the $225 area and recorded a 6.6% intraday retrace below the $210 level for the first time in two weeks. Notably, the cryptocurrency has been trading within the $210-$245 levels over the past month, briefly losing this range during the late September pullback. As “Uptober” arrived and the overall crypto market recovered,…

The spot Bitcoin ETFs (exchange-traded funds) have been in solid form over the past two weeks, laying a foundation for the strong price action experienced by the premier cryptocurrency recently. According to market data, the crypto-linked investment products opened the week with a daily inflow record of over $1.21 billion. As of this writing, with data from Friday’s trading session yet to be included, the US-based Bitcoin ETFs are currently on a nine-day streak of positive inflows. However, a focused look into the inflows trend shows that this data point doesn’t fully tell the story. Do Bitcoin ETFs’ Performance Depend…

Bitcoin’s latest correction rattled traders. BTC price dropped from above $120,800 to nearly $102,000 before bouncing back almost 9% to over $111,000. While altcoins like Ethereum and XRP fell over 13%, Bitcoin’s decline of 7% at press time shows it held up much better — hinting at underlying strength even amid heavy liquidations.Still, the big question remains: Can Bitcoin stay above $100,000, or will the price drop extend lower than this key psychological level soon? Three charts hold the answer.Sponsored Holders Rise and Veterans Stay Calm Amid The CrashThe first sign of support comes from on-chain holder behavior.Despite the crash,…

Shuffle, a leading crypto betting platform, suffered a data breach after its third-party customer service provider was compromised, exposing the data of most of its users.According to a Friday X post from Shuffle founder Noa Dummett, the company’s customer relationship management (CRM) service provider, Fast Track, suffered a data breach that exposed its users’ data. Shuffle used the service in question for “programmatic email sending and various communications with users,” suggesting that those messages and email addresses were likely among the exposed data.“Unfortunately, it seems that their breach has impacted the majority of our users,” Dummett wrote. He said that…

The metric fell to $3.3 trillion on TradingView. Bitcoin’s price went through a sudden and painful crash on Friday evening and Saturday morning, dropping to its lowest position since early July. As this became the single-largest daily liquidation event with more than $19 billion wrecked, the total market cap plunged by $900 billion at one point. BTC’s Crash What a week it has been for the primary cryptocurrency. It all started on the right foot, with a surge past $124,000 last Sunday and up to $126,000 on Monday, which became a new all-time high. The asset lost some traction…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The European financial system is going through a quiet yet profound transformation as new information suggests Ripple has found its way into the heart of the Eurosystem’s digital framework.  According to documents shared by crypto commentator SMQKE on X, Ripple’s integration into the European financial system is through a partnership with SIA, an Italian payments infrastructure provider known for supporting many of the European Central Bank’s systems. From SWIFT To The Eurosystem Ripple has always positioned itself as a challenger to SWIFT in global payments with its…

While bitcoin BTC$112,379.52, ether ETH$3,826.38 and other major cryptocurrencies tumbled in a $19 billion liquidation event on Friday, major gold-backed digital assets bucked the trend amid the precious metal’s rally.Tokens tied to physical gold, including Paxos’ PAXG and Tether’s XAUT, were among the few to hold their ground, and even edge higher, as broader markets sank.Bitcoin lost 8.5% of its value in the last 24-hour period, while the broader crypto market plunged 12.75% as measured by the CoinDesk 20 (CD20 ) index. PAXG has meanwhile dropped just 0.23% to $3,998, while XAUt is up 0.2% to $4,010. A troy ounce…

Investors withdrew 230,000 ETH from exchanges in just 48 hours Ethereum joined the rest of the market in the past day by plummeting to a multi-month low of $3,500 before recovering slightly to $3,850 as of now. During this harrowing crash, different investors showed various behavior types, from mass selling to buying the dip. The ETH flash crash in the summer of 2017 is the closest event I can think of in comparison to what happened yesterday. Even during the Covid crash I can’t remember so many major alts losing so much so swiftly. Difference with this liquidation cascade…