Day: February 3, 2025

Crypto Liquidations Cross $2.22 Billion, Here’s How Much Dogecoin Traders Lost

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Este artículo también está disponible en español. The entire cryptocurrency market has experienced a steep decline over the past 24 hours, with its total market cap plunging by double digits following a barrage of volatile price swings. Unsurprisingly, this sharp downturn has led to widespread liquidations among multiple assets within the past trading day. Notably, this wave of liquidations has led to over $2.22222 billion being wiped from cryptocurrencies in the past 24 hours.  According to Coinglass data, Dogecoin traders have witnessed significant losses, with numbers placing the meme coin…

Crypto Traders Wrecked As Tariffs Spark $2 Billion Liquidation

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Este artículo también está disponible en español. As February began, crypto investors found themselves inside a turbulent market after the digital asset space went crashing down, leading to more than $2 billion in crypto liquidations and Bitcoin price plunged near the $90,000 mark.  Related Reading Analysts attributed the current turmoil in the cryptocurrency sector to the new tariffs imposed by President Donald Trump on Canada, Mexico, and China, raising questions on what would be the long-term impact of the tariffs on digital currencies. $2 Billion In Crypto Liquidations Trump said…

ETF Weekly Recap: Bitcoin ETFs See $560 Million Inflows While Ether ETFs Face $45.51 Million Outflows

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Contrasting ETF fortunes, bitcoin ETFs experienced a weekly inflow of $560 million, while ether ETFs saw outflows of $45 million. Growing Investor Preference for Bitcoin ETFs Reflected in Reduced Capital Inflows for Ether ETFs Bitcoin and ether exchange-traded funds (ETFs) experienced mixed fortunes in the last trading week of Jan. 2025. According to Sosovalue‘s weekly […] Original

OpenAI Announces Deep & Utah Prepares Bitcoin Bill. Can These AI Meme Coins Soar 100x?

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Este artículo también está disponible en español. In just 45 days, Utah could become the first US state to roll out a Bitcoin reserve, signaling bullish times for the crypto universe in general. Paired with OpenAI’s ‘Deep’ announcement, AI meme coins could also be set to skyrocket.  According to Satoshi Action Fund CEO Dennis Porter, ‘no other state has a faster calendar, and… the political momentum and willpower to get (a Bitcoin bill) done.’  If approved, Utah’s Bitcoin bill will enable state treasurers to invest up to 5% of their…

Bitcoin price signals potential rebound despite $393m liquidation

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Bitcoin price crashed to a low of $91,170 on Monday, as cryptocurrencies and the stock market crashed. Bitcoin (BTC) moved into a technical correction, falling by over 16% from its highest level this year. Its drop was mainly due to potential stagflation risks in the United States and its impact on the Federal Reserve.  Donald Trump has unveiled wide-ranging tariffs on American, Canadian, and Chinese goods. These tariffs will likely lead to higher inflation as companies are forced to hike prices. As such, the headline and core inflation will likely…

4 AI Agent Cryptos to Buy as S&P 500 Turns Bullish After DeepSeek

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DeepSeek’s catastrophic impact on AI tech firms looks like it’s slowing down. After dropping heavily early last week, the S&P 500 has made a fantastic recovery and now sits very close to its all-time highs. The rebound was largely due to Big Tech stepping up, recording top earnings, and most importantly, reassuring investors that the US is still a leader in AI technology. Apart from Sam Altman, who reposed his faith in OpenAI, Meta and Zuckerberg, too, claimed that they’ll continue investing in AI technology. Meta’s stock jumped 6.4% last…

A Temporary Recovery Or Start Of A Rally?

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Este artículo también está disponible en español. BNB has bounced off the crucial $500 support level, sparking speculation about whether this marks the beginning of a bullish resurgence or a temporary relief before another downturn. After facing sustained selling pressure, buyers have stepped in to defend this key level, fueling hopes for a potential recovery. However, with resistance levels still looming, the true strength of this rebound remains uncertain. Market sentiment remains uncertain as bulls attempt to regain control while bears stay cautious. BNB’s next move hinges on breaking key…

Utah poised to be first state to pass Bitcoin reserve bill

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Satoshi Act Fund founder and CEO, Dennis Porter, is certain that Utah will be the first state to pass a strategic Bitcoin reserve legislation in the U.S. In an interview with Simply Bitcoin and Republican Senator Cynthia Lummis, Porter explained that there are already a total of 11 states that have introduced strategic Bitcoin (BTC) reserve legislations. He predicts the number could even reach 15 states within this year. “We think we’ll get to 15 within 2025 alone, it could be many more than that and some states will have…

Bitcoin ETF weekly inflows dropped 68% amid Fed interest rate decision and Deepseek scare

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Inflows into spot Bitcoin exchange-traded funds in the United States sharply tapered off over the past week amid the Fed’s decision on interest rate cuts and a broader risk-off sentiment among investors following concerns over China’s launch of the AI platform Deepseek. According to data from SoSoValue, the 12 spot Bitcoin ETFs experienced a significant drop in net inflows over the past week, drawing in $559.84 million from investors—nearly 68% less than the $1.76 billion recorded the previous week. These investment products reportedly began the week of Jan. 27-31 with…