Today's crypto market is experiencing significant turbulence, with $230 million in liquidations as Bitcoin dips below the $70,000 mark. Leading the charge, Binance accounted for $104 million of these liquidations. Meanwhile, betting on Trump is seeing a slowdown as whales adjust their positions, resulting in top holders facing $4 million in unrealized losses. In a positive development, German financial giants are trialing a method to mine Bitcoin using surplus energy, calling it "digital monetary photosynthesis." Lastly, Tether's CEO has dismissed rumors of launching a dedicated blockchain, emphasizing a preference for partnerships across existing networks. Stay tuned for more insights!
The global crypto market cap is $2.23 trillion, with a 24-hour volume of $71.91 billion. The price of Bitcoin is $68,646.82, and BTC market dominance is 60.5%. The price of Ethereum is $2,443.02, and ETH market dominance is 13.1%. The Crypto Fear & Greed Index is currently Greed (70).
Binance's $104 million leads exchange liquidations as Bitcoin dips.
Top 7 holders of Trump positions currently sitting on $4 million in unrealized losses.
Deutsche Telekom calls the process of using Bitcoin to save wasted energy 'digital monetary photosynthesis.'
Tether favors partnerships and supports integration across multiple networks instead of centralizing with its own blockchain.
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