Short-term Bitcoin holders’ sell-off leads to third-largest loss in 2024, totaling $537 million

Quick Take On June 24, Bitcoin experienced a significant price drop, breaking below the $60,000 mark and hitting a low of approximately $58,500. This decline led to a substantial realized loss of over $500 million, with data from Glassnode pinpointing the loss at $537 million.

56 +

Drake’s $500K Bitcoin bet ‘upset’ as Celtics beat Mavericks 4-1

Drake's $500,000 Bitcoin bet on the Dallas Mavericks winning the NBA Finals has failed, and his similar wager on the Edmonton Oilers in the NHL Stanley Cup Finals is at risk, potentially leading to a total loss of $1 million in Bitcoin.

108 +

Drake on Brink of $1M Bitcoin Loss as NHL and NBA Bets Sour

Canadian singer Drake is on the cusp of losing $1 million worth of crypto after he placed two individual $500,000 bets on the Edmonton Oilers and the Dallas Mavericks to win their respective Stanley Cup and NBA finals.

37 +

Over $500 million in crypto stolen during Q1 through exploits: CertiK

Chris Larsen, Ripple's co-founder, suffered the heaviest loss of the quarter, with over $110 million drained from his personal wallet.

251 +

FOMO Buyer Loses Over $200K In Solana Memecoin $MEW Craze

A FOMO (Fear of Missing Out) buyer recently experienced a significant loss in the trending Solana memecoin, $MEW, within a mere 3-hour timeframe. Initially, the buyer impulsively purchased 223. 9 million $MEW tokens using 3,500 $SOL during a period of rapid price escalation.

86 +

STHs transfer $2.6 billion at loss to exchanges, marking third highest since May 2022

Quick Take The market’s response to Bitcoin’s approximate 15% decline from just over $69,000 to roughly $59,500 showcases a clear distinction between long-term holders (LTHs), who have retained Bitcoin for more than 155 days, and short-term holders (STHs), whose holding period is less than 155 days.

215 +

FTX to divest Digital Custody to CoinList at major loss

Bankrupt crypto exchange FTX has filed legal papers proposing the sale of its subsidiary, Digital Custody, to CoinList for $500,000.

125 +

Bitcoin (BTC) Net Unrealized Profit/Loss (NUPL) Between Fear and Optimism

Bitcoin price corrected after hitting $28,580 on October 2, dropping to around $26,500. What lies ahead for BTC? The post Bitcoin (BTC) Net Unrealized Profit/Loss (NUPL) Between Fear and Optimism appeared first on BeInCrypto.

331 +

Crypto Exchange HTX Lost $8M of Ether Due to a Hack, Justin Sun Says

HTX, formerly Huobi, has been hacked with the total loss totaling 500 ether (ETH) worth around $8 million, according to HTX advisor and Tron founder Justin Sun.

119 +

Bitcoin and S&P 500 Eye Quarterly Loss as Bonds Look Most Attractive Since 2009

Relative attractiveness of bonds means less incentive to invest in bitcoin. The leading cryptocurrency is considered a zero-yielding risk asset, by some observers.

198 +

Bitcoin Plummet Sends 10% Of Supply Into Loss

On-chain data shows Bitcoin’s plummet toward the $26,500 mark has sent 10% more of the total supply into a state of loss. Bitcoin Supply In Profit Has Dropped From 71% To 61% After The Crash According to data from the on-chain analytics firm Glassnode, the supply in profit has taken a big hit with this […]

263 +

Crypto Whale Suffers $500,000 Loss As PEPE Price Plummets

Unsurprisingly, the recently hyped frog-themed meme coin PEPE is now beginning to suffer a price decline, impacting late investors negatively. According to LookOnChain’s recent report, a large investor or whale who purchased a large amount of the token amid its rally has now suffered a huge loss.

154 +

If all Bitcoin was sold today, the profit would be $2,500: An on-chain analysis

Key Takeaways The net unrealised profit/loss of all Bitcoins is currently 0.11 BTC, or $2,500 The profit has been positive since January 13th, having been negative for most of the prior 6 months Two-thirds of the Bitcoin supply is in profit, despite prices remaining nearly 70% off all-time highs Whatever you think of Bitcoin as […] The post If all Bitcoin was sold today, the profit would be $2,500: An on-chain analysis appeared first on CoinJournal.

116 +

Bitcoin price hits 2-week low amid warning $22.5K loss means fresh dip

Bitcoin may go “hard lower” if it fails to preserve the area around $22,500, market participants say.

175 +

Largest Bitcoin Corporate Holder With 132,500 BTC Posts Quarterly Loss, Here's How Much

MicroStrategy recently announced its fourth quarter 2022 financial results

219 +

Bitcoin is now less volatile than S&P 500 and Nasdaq

A rare 2% daily loss for the U.S. dollar index gives Bitcoin and stocks an opportunity for gains, but BTC still undercuts the rest on volatility.

134 +

CryptoSlate Wrapped Daily: Binance to set up blockchain team for Twitter after $500M investment; Terra collapse sparked BTC supply growth

The biggest news in the cryptoverse for October 28 includes Binance making a $500 million contribution to Elon Musk’s Twitter deal, Ethereum outperforming other Layer-1 networks, deBridge introducing a new standard for cross-chain transfers, and Wisdom Tree recording a loss of about 36% in crypto assets in the third quarter.

317 +

Why Ethereum Could Trade At $500 If These Conditions Are Met

Ethereum has returned to the red as it was rejected as a major area of resistance. The cryptocurrency is bleeding out and records the second-worst performance in the crypto top 10 by market capitalization with a 10% loss in the last 24 hours.

223 +

Bitcoin Miners Contributing To BTC Crash? New Report Sheds Light

Bitcoin remains in the red with a 10% loss over the past week. The number one crypto by market cap has been consolidating at its current levels after a massive crash too it to a multi-year low of $17,500.

281 +

Bitcoin Under Pressure Near $40K, Here Are 2 Reasons Why That Could Change Soon

Bitcoin remains rangebound in the high $30,000 to low $40,000 areas. The first crypto by market cap has seen its volatility reduce as several factors contribute to the slowdown across the sector. Related Reading | TA: Bitcoin Trims Gains, Support Turned Resistance At $41K At the time of writing, Bitcoin (BTC) trades at $40,500 with a 6% loss in the last 24-hours and a 1% profit over the past week.

274 +

Taiwanese Pop Star Loses NFTs To Phishing Scam

In an Instagram post today, renowned Taiwanese singer Jay Chou lamented the loss of his NFTs to scammers. It is estimated that the artist lost over $500,000 in value to the fraudsters.

274 +

Whale Unsatisfied With SafeMoon’s Price Trajectory Despite Netting $35 Million From A $500 Investment

Key takeaways.   Safemoon (SAFEMOON) whale with over 1000000% profit appears unsatisfied with the current price of the token. A crypto-analyst has speculated that the wallet could be owned by a group of investors with some members at a loss.

260 +

Weak Hands Shaken Out: Short-Term Bitcoin Holders Selling At A Loss

During yesterday’s session, Bitcoin hinted at the possibility of a bounce. A market crash dropped BTC’s price from $58,000 to a $28,000 low. The bulls have a lack of conviction and the number one cryptocurrency by market cap has struggled to return to its previous high.

219 +

Crypto Market Is Getting Ridiculously Euphoric; Bitcoin Only Consolidating with Several Catalysts Ahead

The price of Bitcoin remains weak, going back under $57,500k today after recovering Wednesday’s loss to about $55,500. According to HXRO Labs, Bitcoin can continue to range for some time, punishing the late longs, which are getting liquidated time and again.

207 +

Биржа FTX запустила соревнование по трейдингу с призовым фондом в $500 000

Платформа FTX объявила о запуске соревнования по торговле токенизированными акциями с общим призовым фондом в $500 000. Об этом говорится в сообщении биржи на ForkLog HUB. Главный приз среди трейдеров по чистому PnL (Profit and Loss) - акция BRK.

248 +

Why Has Bitcoin Become A Leading Indicator For The S&P 500?

Yesterday, there was complete and utter carnage across the global financial market. Bitcoin fell over 10% by the daily close and breached below $10,000 at one point before bouncing. The stock market also saw the largest single-day loss since June.

215 +

Bitcoin Breaking Below These Two Levels May Suggest the Bull Trend Is Over

Bitcoin has struggled over recent days, falling below the pivotal supports at $11,500 and $11,700. As of this article’s writing, the leading cryptocurrency trades for $11,450, posting a 3% loss in the past 24 hours.

280 +

What Hope Do Bears Have If Bitcoin Holds $11,500? Analyst Asks

Despite the parabolic performance in some altcoins, Bitcoin is stagnating around the high-$11,000s. As of the time of this article’s writing, BTC is trading for $11,600. This comes after it was rejected last week at the $12,000 level yet again, marking a loss for bulls.

226 +

Bitcoin Prepares to Rally to $12,000 as Price Forms Historically Bullish Pattern

After attempting to break decisively past $10,000 for the second time in a week, Bitcoin was rejected, plunging as low as $9,200 for the umpteenth time in a matter of days. The tepid price action has made some investors cautious that more downside for the flagship cryptocurrency is possible, citing the loss of the key $9,500...

214 +

BTC might see a short-term loss while ETC, Link continue their bull run

Bitcoin, with the start of April, has seen a massive uptrend in its price. The coin breached major supports and managed to cross the $7,500 level. Similarly, altcoins like Ethereum Classic and ChainLiThe post BTC might see a short-term loss while ETC, Link continue their bull run appeared first on AMBCrypto.

382 +

Peter Brandt Casts Doubts On Bitcoin Living Up To Its ‘High Expectations’

Bitcoin has been trading sideways between $6,500 and $7,400 for over two weeks now. Yesterday, the digital asset suffered a 4% price loss with some continuation today after breaking below both daily Exponential Moving Averages.

226 +

Bitcoin Dives 5% From $7,000 Daily High as S&P 500 Starts to Reverse

After peaking just shy of $7,000 today, Bitcoin has tumbled lower, falling from the $6,950 high to $6,600 just minutes ago, a drop of 5%. Altcoins have followed suit, posting a similar loss to the crypto market leader.

262 +

Bitcoin's rising wedge could push price to $5,500 after retest of $7,000

Bitcoin's difficulty will drop by 10-13% in the next adjustment. The main reason behind this would be the latest sell-off which contributed to a significant loss for miners. This eventually led to a dThe post Bitcoin's rising wedge could push price to $5,500 after retest of $7,000 appeared first on AMBCrypto.

327 +

Dow Plunge Intensifies as Stock Market Suffers Ugliest Loss Since 2008

The Dow Jones crashed with the S&P 500 on Tuesday as fears of a global pandemic pushed the U.S. stock market to its worst decline since 2008. The post Dow Plunge Intensifies as Stock Market Suffers Ugliest Loss Since 2008 appeared first on CCN.com

195 +

Bitcoin Price is Poised to Return to $6,500 Lows; Analysts Explain Why

This week has been quite a tumultuous one for the Bitcoin market. As of the time of writing this, the cryptocurrency is effectively flat on the week, posting a slight loss of 1%. But this statistic hides the truth: this week has seen BTC undergo two 10% swings, one to the downside, then another to.

248 +

Bitcoin (BTC) Could Print Yearly Price Loss After Ethereum (ETH) and Ripple's XRP: Peter Schiff

Bitcoin still greatly outperforms gold and the S&P 500 in 2019 but Peter Schiff believes that the top coin could shed these gains by the end of this year

215 +

If Bitcoin Price Closes Under $7,400, Strong Drop Could Follow; Here’s Why

Bitcoin has finally started to show some signs of weakness after stagnating above $7,500 for days on end, recently dipping under the key support in and around $7,400. As of the time of writing this, the cryptocurrency is trading for $7,350 on many major exchanges, posting a 2% loss in the past 24 hours.

187 +

Bitcoin ‘Immediately Rises After A Halving’ And ‘$45m Per Week Of Unsatisfied Demand’ Will Ensure It

After making a recovering from the drop of $6,500, on Nov. 30, Bitcoin started sliding down from $5,800. Today, BTC/USD went to a $7,087 level and is currently trading at $7,195 with 24 hours loss of 1.

183 +

Dow Strings Together 3rd Straight Loss Amid Rising Market Volatility

The Dow, S&P 500, and Nasdaq declined on Thursday. Investors failed to…

The post Dow Strings Together 3rd Straight Loss Amid Rising Market Volatility appeared first on CCN.com

138 +

Here’s Why Analyst is Bullish on Bitcoin for the Week

Bitcoin price is not showing any signs of recovery as it now trades below $8,500. Since hitting $10,500 on Oct. 26 following Chinese President Xi Jinping promoting blockchain technology, BTC price has been on a constant decline.

220 +

Bitcoin Could Be Gearing Up for a Rally as Holiday Season Celebrations Approach

Bitcoin price continues to struggle since hitting $10,500 on Oct. 26, after a surge of 42%. The leading cryptocurrency has been on a constant decline ever since, dropping under $8,400 yesterday. Currently, BTC/USD is trading at $8,457 with 24 hours loss of 1.

247 +

Dow Jerks Sideways as Markets Ignore Trump Backlash

The Dow Jones, S&P 500, and Nasdaq edged sideways on Wednesday. Despite believing that a Trump loss in 2020 would cripple the stock market, Wall Street ignored Nov. 5 electoral losses in key Republican strongholds.

200 +

Institutional Investors Buying the Dip? Bakkt Volume Shoots up to Hit ATH As BTC Price Crashes

Bitcoin is bleeding today, having lost about $700 in a few hours. The leading cryptocurrency went down hard today, going as low as below $7,300 on Bitstamp. But soon after it recovered $200 back. Currently, Bitcoin is trading at $7,500 with 24 hours loss of 8.

186 +

Bitcoin Flash Crash Caused By Drop in Network Velocity

Just as Bitcoin (BTC) trading was becoming ‘boring’, a flash crash has erased as much as $500 in rapid-fire selling. Byte Tree CEO, James Bennet, says that this sudden decline was the result of a significant drop in network velocity.

205 +

Bitcoin Price Drop to $6,500 Still in the Picture; BTC Trading Volume Is Low

After a positive last week, Bitcoin opened Monday on a negative note. Still, the Bitcoin price is stuck around $8,300. At the time of writing, the leading cryptocurrency has been trading at $8,269 with 24 hours loss of 1.

201 +

Bitcoin (BTC) Sheds 10%, Yearly Volatility Still Low

Bitcoin slumped by nearly $1,500 in a day, wiping out as much as 16% from its price. Double-digit movements are not unusual for BTC, but they were a rare event this year. BTC Generally Less Volatile in 2019 BTC was notoriously less volatile in 2019, with a gradual price climb.

266 +

Bitcoin Price Risks Drop to $7.5K After Third Biggest Daily Loss of 2019

Bitcoin fell sharply on Tuesday, confirming a bearish reversal and opening the doors for a test of crucial price support near $7,500.

164 +

Red Alert: Bitcoin Price Takes a Dive Below $9,400

Bitcoin price dropped hard today, falling to $9,370, the lowest point on Sept. 24, so far. We started the day at $9,780 but soon dropped down to $9,500 and then below $9,400. At the time of writing, BTC has been trading at $9,530 with 24 hours loss of 3.44%. Trading volume, in response, surged to […]

253 +

Dow Avoids Third Loss in a Row as ‘Phony’ Buyback Rally Continues

  The Dow and broader U. S. stock market reversed losses on Thursday even as disappointing corporate earnings and sliding oil prices dragged on investor sentiment. Dow Pares Losses; S&P 500, Nasdaq Advance Wall Street’s major indexes traded lower for most of the session on Thursday, mirroring a tepid pre-market for Dow futures.

218 +