Crypto News
Crypto Crumbles in Broad Selloff Led 20% Declines Across Numerous Altcoins
A slow bleed in crypto since late in the weekend accelerated into the early evening U.S. hours on Monday, leaving nearly the entirety of the sector sharply lower.With prices in quick retreat, bitcoin (BTC) at press time had fallen back to just above $95,000, down about 5% over the past 24 hours. Ether (ETH) was down 10% to $3,590.The broader CoinDesk 20 Index was lower by more than 8% over the same time frame, led by roughly 20% dives for Cardano (ADA), Avalanche (AVAX), and XRP (XRP).Over $750 million worth of leveraged derivatives positions were liquidated across all digital assets over the past day, CoinGlass data shows, the ovewhelming majority of which were bullish bets. That puts today's flush almost...
Sell It All—Peter Schiff Urges Biden to Ditch US Bitcoin Reserves Before Trump’s Return
Gold advocate and economist Peter Schiff is not exactly cheering from the sidelines when it comes to a U.S. strategic bitcoin reserve. On Monday, he sparked conversation on social media, declaring that the smartest move President Joe Biden could make before leaving office is to offload all the U.S. government’s bitcoin holdings. Schiff Wants JoeSource link
Dogecoin, XRP and Solana Slide as Bitcoin Price Falls Below $97K
Bitcoin briefly rose back above $100K on Monday morning, but has since fallen, dragging many other major assets along with it.Source link
President-Elect’s Son, Eric Trump, Discusses US Crypto Leadership in Interview
Eric Trump, son of President-elect Donald Trump, detailed ambitions to establish the United States as a global leader in cryptocurrency during a CNBC interview in Abu Dhabi, United Arab Emirates. Eric Trump Tells CNBC That the Trump Administration Aims to Establish U.S. as a Crypto Superpower Speaking on Monday with CNBC, Eric Trump emphasized theSource link
Crypto Groups Push Ads, Letters to Oppose Democrat’s SEC Commissioner Nomination
U.S. Securities and Exchange Commission member Caroline Crenshaw is "even more extreme" than Chair Gary Gensler, according to a digital advertising campaign now being launched by Cedar Innovation Foundation — a dark-money group funded by unnamed crypto interests.Commissioner Crenshaw, who is set to be the lone Democrat atop the SEC when Republicans take over the agency and wider administration in late January, was nominated for another term earlier this year, but the confirmation hadn't come up for a vote before the November election. Now, the Senate Banking Committee has scheduled a hearing on Wednesday to consider that nomination.Several digital assets organizations have deployed in an effort to block her approval. Cedar Innovation Foundation underlined in a statement that Crenshaw had...