Over $1 billion in liquidations: Why is Bitcoin down today?Macro headwinds from US data, a strong dollar, and cascading liquidations pressure Bitcoin price action.
Happy Tuesday!Bitcoin faces mounting pressure as over $1 billion in liquidations hit amid US economic headwinds and a strong dollar, while institutional demand wanes with key buyers pausing accumulation amid tighter liquidity. Meanwhile, DeFi risks deepen as Balancer suffers a $128 million hack despite 11 audits, shaking confidence in the sector. Stay informed with the latest on these market moves. The global crypto market cap is $3.42 trillion, with a 24-hour volume of $220.01 billion. The price of Bitcoin is $103,030.15, and BTC market dominance is 59.8%. The price of Ethereum is $3,493.48, and ETH market dominance is 12.2%. The best-performing sector is Computing, which gained 19%. The Crypto Fear & Greed Index is currently Extreme Fear (21). 📰 Top News
Over $1 billion in liquidations: Why is Bitcoin down today?Macro headwinds from US data, a strong dollar, and cascading liquidations pressure Bitcoin price action. Why did Bitcoin’s largest buyers suddenly stop accumulating?Net institutional buying dips below mined supply, lessening Bitcoin’s demand base as firms and ETFs face structural constraints amid tighter liquidity cycles. How 11 audits couldn’t stop Balancer’s $128 million hack redefining DeFi risksAs Balancer’s TVL plummets, the DeFi community grapples with restoring trust amidst recurring breaches. 🗞️ More NewsAre You Missing Signals That Don’t Make the News?Sign up for the free Crypto Investor Blueprint: A 5-Day Course On Bagholding, Insider Front-Runs, and Missing Alpha. What is CryptoSlate?CryptoSlate is a comprehensive and contextualized source for crypto news, insights and data. Since 2017, CryptoSlate has been a go-to destination for the fast-moving and nascent digital assets space. Our coverage focuses on Bitcoin, Ethereum, macro, DeFi, AI, and web3. Our goal is to provide an all-encompassing overview of the crypto asset market and the technological trends shaping it. Our mission at CryptoSlate is to decode the complexity of digital assets and showcase their potential to transform society by providing accessible, reliable information and analysis. We're committed to differentiating our news coverage by telling original stories and providing alternative points of view. Questions, Comments?Get in touch with us here. Connect with UsTelegram • X • Google News • LinkedIn • Instagram
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