Around $222 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February.
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Analysts say Bitcoin could sink as low as $50,000 but said strong macro and an entrenched “buy the dip” mentality could see price rebound quickly.
Bitcoin has dropped to its lowest levels in two months, with its losses driven by the German government's massive Bitcoin transfers and Mt. Gox’s creditor repayments.
After seven failed attempts, Nigel Farage has won a seat in the U.K.'s parliament.
In a recent letter to a district court judge, Coinbase argued that the SEC Chair’s private communications are an “appropriate source of discovery” crucial to mounting a reasonable defense.
The center-left Labour Party is projected to win the U.K. election by a landslide, according to an exit poll, ending 14 years of Conservative rule.
One of Mt. Gox’s cold wallets just transferred more than 47,000 BTC to an unknown wallet address amid a plan to begin repaying its creditors.
The projected success of the right-wing Reform UK party, led by Brexiteer Nigel Farage, has surprised pollsters and the political establishment.
The Nikkei 225 could continue hitting all time highs, based off futures data.
The 61-year-old human rights lawyer-turned-politician has had a rapid ascent after entering parliament less than a decade ago.
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