Finance News

Story: Bitcoin Crashes Below $66,500 as Traders Get Wrecked

By Julie Binoche

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Middle East Tensions Fuel Selloff. The geopolitical mess keeps getting worse. Israel announced more strikes on Iran after fresh…

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Institutional Money Shows Mixed Signals. The big money players can't make up their minds. U.S.-listed bitcoin ETFs pulled in $2.

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Fed Meeting Could Change Everything. The Federal Reserve meets in early April, and that's when we'll get clearer signals about where…

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Bitcoin dropped hard Friday. The world's biggest cryptocurrency fell below $66,500 for the first time in two weeks, and traders who bet on higher prices got absolutely destroyed…

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The carnage wasn't pretty. Data from Bitcoin Magazine Pro shows long positions got hammered with more than $300 million wiped out in just 24 hours, while short liquidations only…

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The geopolitical mess keeps getting worse. Israel announced more strikes on Iran after fresh missile attacks, and despite diplomatic talks, nobody's backing down.

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And here's where it gets scary for global markets: shipping disruptions hit the Strait of Hormuz again.

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Bitcoin almost touched $71,500 earlier this week when people thought Middle East peace talks might actually work out. Didn't last long.

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The big money players can't make up their minds. U.S.-listed bitcoin ETFs pulled in $2.5 billion over five weeks in March, which seemed pretty bullish.

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On-chain data tells another story though. Bitcoin keeps flowing off exchanges, which usually means people are moving coins to cold storage for long-term holding.

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Morgan Stanley's getting ready to join the ETF party. Their spot Bitcoin ETF called MSBT got a listing notice from the New York Stock Exchange, which basically means it's…

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Options markets are doing their thing too. About $14 billion in bitcoin options are set to expire, and all the hedging around those contracts has been keeping volatility somewhat…

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The futures markets saw some wild action on March 26. Open interest spiked on CME and Binance as traders positioned for more volatility ahead.

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Major investment firms like Grayscale and ARK Invest are reportedly reassessing their crypto holdings right now.

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The European Central Bank threw another wrench in the works on March 25 by keeping rates steady despite inflation worries.

The Currency Analytics

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