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Crypto markets brace for impact as US debt ceiling debate threatens liquidity crunch
While market attention is focused on the debate over the U.S. debt ceiling, potential implications for crypto markets have garnered less discussion. The Treasury General Account (TGA), the primary operational account of the U.S. Treasury, has been playing a crucial role in offsetting Federal Reserve’s quantitative tightening policy. Historically, the TGA’s primary purpose has been…
Binance Australia blames AUD liquidity drop for Bitcoin discount
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Bitcoin’s leap above $28k triggers $130 million in crypto liquidations
Bitcoin’s (BTC) brief climb above $28,000 during the early trading hours of today led to liquidations of roughly $130 million in positions held on the crypto market. According to Coinglass data, the flagship digital asset saw $55 million in liquidations for traders who held positions in it in the last 24 hours. Roughly $130 million…
Dogecoin transaction volume flips Ethereum amid DRC-20 token fever
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Canaan’s mining revenue rises 3.3% in Q1 while overall revenue declines
Bitcoin (BTC) miner Canaan reported a 3.3% increase in its mining revenue for the first quarter, according to a May 26 statement. Mining revenue According to Canaan, it generated $11.1 million in mining revenue between January 1 and March 31. This represents a 3.3% increase from the $10.7 million it raised during the fourth quarter…
Binance to halt Bitcoin spot trading with Australian Dollar
Crypto exchange Binance announced it would stop Bitcoin (BTC) spot trading activities with the Australian Dollar (AUD) on June 1, according to a statement on May 26. Additionally, the exchange would remove spot trading activities for other top cryptocurrencies like Cardano (ADA), Ethereum (ETH), Dogecoin (DOGE), XRP, BNB, Solana (SOL), and Polygon (MATIC) paired with…
XRP, Litecoin leads flat market as Bitcoin maintains $26k: CryptoSlate wMarket Update
Over the last 24 hours, the cryptocurrency market experienced a 0.87% increase, with a current market cap of $1.12 trillion. During the same period, the market caps of Bitcoin (BTC) and Ethereum (ETH) grew 0.8% and 1.51% to $512.39 billion and $217.96 billion, respectively. All top 10 crypto assets recorded gains during the reporting period,…
U.S. Treasury yields soar and Bitcoin stumbles amid debt ceiling, rate hike concerns
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Bitcoin’s descent continues with brief capitulation to $25,890: CryptoSlate wMarket Update
Over the last 24 hours, the cryptocurrency market saw net outflows of $20 billion for the second consecutive day and currently stands at $1.1 trillion — down 1.45% from $1.12 trillion. During the same period, the market caps of Bitcoin (BTC) and Ethereum (ETH) fell 1.8% and 1.6% to $508.48 billion and $214.56 billion, respectively….