Crypto News

Ether's (ETH) 11.5% slide over the past 24 hours has moved the second-largest cryptocurrency closer to a series of mammoth $340 million liquidations on collateralized debt platform MakerDAO.On-chain data shows three MakerDAO positions will be liquidated when the ETH price hits $1,926, $1,842 and $1,793. Each position is worth between $109 million and $126 million.Ether, the token of the Ethereum blockchain, is trading around $2,390 following a market-wide sell-off sparked by waning sentiment and a drop in global equities.Whether the plunge is the trigger for a bear market remains to be seen. Assets have typically slumped as much as 30% in previous bull markets to shake out over-leverage before moving back to the upside, ETH is down by 42% since...

A recent study reveals significant cryptocurrency adoption and optimism in Australia, with nearly a third of Australians having owned crypto and a majority believing in its future acceptance. Close to 60% of Users Report Profits Nearly a third (32.5%) of Australians have now owned cryptocurrency, while 42.9% “believe crypto will be widely accepted in theSource link

Crypto traders are feeling the jitters today.The widely-watched Crypto Fear and Greed Index, a market indicator that uses social media posts, volatility, trends and prices to gauge trader sentiment, dropped to a five-month low of 25 in its latest update.That’s a big fall from yesterday’s figure of 49, landing it in the “extreme fear” zone, coming as overall market capitalization fell 10% in the past 24 hours as bitcoin and major tokens such as Solana (SOL) and xrp (XRP) fell more than 14%.The Fear and Greed Index measures how people feel about crypto on a scale from 0 to 100. A low number, like 25, means fear is taking over, while a high number shows excitement or greed. Tuesday’s drop...

U.S. spot-listed bitcoin (BTC) exchange-traded funds (ETFs) experienced the second-biggest outflows of the year on Monday, dropping $516.4 million, Farside data shows.The withdrawals, the ninth net outflow in 10 days, reflect a growing discomfort with the largest cryptocurrency, which has traded in a narrow price range between $94,000 and $100,000 for most of this month. On Tuesday, bitcoin broke out of its three-month channel, falling below $90,000 and sliding to as low as $88,250.According to Velo data, the bitcoin CME annualized basis — the difference between the spot price and futures — has dropped to 4%. This is the lowest since the ETFs started trading in January 2024. This is also known as the cash-and-carry trade, which is a market-neutral...

Bitcoin failed to maintain its price in Tuesday’s early hours, falling to nearly $88,600 and losing its $90,000 key support zone as investors ran to more stable assets in the wake of a new trade war. The top cryptocurrency had shown weakness the day before but managed to hover over the $90K mark on aSource link