Crypto News

Market sentiment remains uncertain with bitcoin falling below $90,000 for the first time in a month, triggering over $200 million in liquidations. Bitcoin Drops Below $90,000, Triggers $200 Million in Liquidations QCP Insights’ latest report analyzed the effect of bitcoin dipping below $90,000 for the first time in a month and triggering over $200 millionSource link

Michael Novogratz's Galaxy Digital (GLXY) has hired Zac Prince as a managing director, according to an internal memo seen by CoinDesk.Prince will be working closely with Galaxy's President, Chris Ferraro, to expand the company's digital assets offering.Galaxy believes that crypto is entering a "pivotal era of transformation," and has hired Prince to help deliver the firm's strategic vision, the company said in the memo.He joins from real estate advisory firm RE Cost Seg, where he was employed as CEO for the last year.Prince is well known in the industry. He is the former CEO and co-founder of bankrupt crypto lender BlockFi.Galaxy hired former Point72 chief financial officer Anthony Paquette to serve in the same role at the crypto financial services...

Bitcoin still has a lot of room to run, Bernstein analysts have said.Source link

The crypto fund issuer received SEC acknowledgement on Monday for a Cardano fund and has applied to convert its XRP Trust into an ETF.Source link

Bitcoin traded at $86,473 at 2:25 p.m. ET on February 25, 2025, with a market capitalization of $1.72 trillion, a 24-hour trade volume of $98 billion, and an intraday price range between $85,953 and $94,587. Bitcoin BTC’s hourly chart reflects significant downward momentum, with bitcoin recently hitting a high of approximately $96,492 before reversing sharply.Source link