Crypto Market Volatility
The crypto market has taken a hit, with the total market cap dipping around 1.5% to about $2.3 trillion. Bitcoin slid below $67,000, down roughly 2%, while Ethereum hovered near $1,950, also shedding 1-2%. This volatility wiped out leveraged positions big time—Coinglass data shows over $256 million in liquidations, affecting nearly 95,000 traders. Longs got hammered hardest at $178 million, as prices tested key support levels in a classic leverage flush.
There's mixed news stirring the pot. President Trump's pardon of Binance founder CZ and his touting of a new crypto law for "American dominance" sparked brief optimism, but euphoria's fading fast. Fed's Waller noted the hype cooling amid stalled Senate bills on regulation—Senators like Boozman and Gillibrand push for progress, yet delays loom. A probe into Trump-linked World Liberty Financial triggered sell-offs in related tokens, adding downward pressure. Meanwhile, China's crypto crackdown and UK's FCA blocking HTX signal global regulatory tightening, fueling uncertainty and contributing to the dip.
Stay vigilant—volatility's the game, but smart plays win long-term.
Stay tuned for tomorrow’s pulse!
