The cryptocurrency market plunged into a sharp correction on Monday, with Bitcoin tumbling below the $88,000 support level to a five-day low of $87,500. The sell-off triggered a cascade of liquidations, wiping out over $131 million in leveraged long positions in a single hour and dragging major altcoins like Ethereum and Solana down with it. Analysts from the Kobeissi Letter point to mounting political uncertainty—an expected U.S. government shutdown and President Trump’s threat of 100% tariffs on Canada—as the primary catalysts for the sudden downturn.
about Bitcoin Plunges Below $88K Amid US Shutdown Fears, $131M Liquidatedena
0 posts last weekFake ENA Token Exploited on Binance Launchpool, $290K Lost
A fraudulent token masquerading as the newly launched ENA token was exploited on Binance Launchpool, resulting in losses of 480 BNB worth approximately $290,000. The incident, which occurred mere hours after the legitimate Ethena (ENA) token debuted as the platform’s 50th project, has sown significant confusion and raised urgent questions about security protocols in the cryptocurrency sector. Security firm PeckShield has confirmed the token was counterfeit, highlighting a persistent vulnerability to malicious exploits within the digital asset space.
about Fake ENA Token Exploited on Binance Launchpool, $290K LostPi Network’s Vague 2026 Goals Spark Backlash Amid Token Unlock
Pi Network’s celebratory 2025 recap, which highlighted its long-awaited mainnet and token launch, has been overshadowed by sharp community criticism over its failure to provide concrete goals for 2026. This strategic ambiguity coincides with the PI token missing a broader altcoin market rally and facing potential selling pressure from a scheduled token unlock, intensifying scrutiny on the project’s future direction and market confidence.
about Pi Network's Vague 2026 Goals Spark Backlash Amid Token UnlockBitwise Files for 11 Altcoin ETFs, Expanding Beyond Bitcoin and Ethereum
In a bold move that challenges the current regulatory landscape, asset manager Bitwise has submitted filings to the U.S. Securities and Exchange Commission (SEC) for 11 new single-asset cryptocurrency exchange-traded funds (ETFs). Targeting major altcoins like Aave (AAVE), Uniswap (UNI), and Sui (SUI), this initiative signals a strategic push beyond the Bitcoin (BTC) and Ethereum (ETH) dominance that has defined the approved ETF market. The filings, which propose listing on NYSE Arca, reflect a growing conviction among institutional players that investor demand is rapidly diversifying across the crypto ecosystem.
about Bitwise Files for 11 Altcoin ETFs, Expanding Beyond Bitcoin and EthereumArthur Hayes Sells $6M in ETH for DeFi Tokens
Former BitMEX CEO Arthur Hayes has executed a significant portfolio rotation, selling a substantial portion of his Ethereum holdings and redeploying over $6 million into select decentralized finance (DeFi) tokens. This calculated shift from a core blue-chip asset to targeted DeFi projects highlights a strategic bet on higher-growth opportunities, sparking a divided response within the crypto community as price data reveals a stark contrast between short-term rebounds and long-term declines for his chosen assets.
about Arthur Hayes Sells $6M in ETH for DeFi TokensArthur Hayes Predicts Bitcoin Surge to $200K by March on Fed Policy
Bitcoin billionaire and BitMex co-founder Arthur Hayes has issued a bold new forecast, predicting the cryptocurrency could surge to $200,000 by March 2025. In his latest analysis, Hayes identifies the Federal Reserve’s newly introduced Reserve Management Purchases policy as the primary catalyst, drawing direct parallels to the money-printing effects of quantitative easing. This bullish outlook, which sees Bitcoin eventually settling above $124,000, arrives alongside conflicting signals from market analysts, setting the stage for a pivotal period in crypto markets.
about Arthur Hayes Predicts Bitcoin Surge to $200K by March on Fed PolicyBitcoin Struggles at $86K as Crypto Market Loses $30B Overnight
The cryptocurrency market faces renewed pressure as Bitcoin fails to sustain momentum above $88,000, dropping to $86,000 and dragging the total market capitalization toward the $3 trillion threshold after a $30 billion overnight decline. This bearish turn follows Bitcoin’s rejection from highs near $94,500 last week, casting uncertainty across major assets like Ethereum and XRP, while selective altcoins like Pi Network’s PI token show tentative signs of recovery amidst the broader slump.
about Bitcoin Struggles at $86K as Crypto Market Loses $30B OvernightBitcoin Dips to $85K, Altcoins Bleed as Market Sees Broad Decline
Bitcoin’s sharp retreat toward the $85,000 level on Monday triggered a widespread crypto market sell-off, erasing an estimated $140 billion in total capitalization within hours. While altcoins like Ethereum, ASTER, and ENA suffered steeper losses, on-chain data from trackers like Santiment and Glassnode reveals a market characterized more by cautious debate than outright panic. The decline, attributed to fading risk appetite and regulatory uncertainty, lacks the classic hallmarks of a capitulation event, suggesting the current pressure may not yet have run its full course.
about Bitcoin Dips to $85K, Altcoins Bleed as Market Sees Broad DeclineBitcoin Holds $90K After Fed Rate Cut Volatility, Altcoins Slide
Bitcoin successfully defended the crucial $90,000 support level over the weekend, concluding a week of intense volatility primarily driven by the Federal Reserve’s interest rate decision. While the primary cryptocurrency stabilized, the broader market faced headwinds, with Ethereum, Solana, and Cardano declining and the total crypto market capitalization shedding approximately $40 billion in a single day. The price action underscores the market’s continued sensitivity to macroeconomic policy signals from the U.S. central bank.
about Bitcoin Holds $90K After Fed Rate Cut Volatility, Altcoins SlideBitcoin Plunges Below $90K, Liquidations Top $415M in Market Rout
The cryptocurrency market was rocked by another violent sell-off on Friday, as Bitcoin tumbled thousands of dollars in minutes, breaching the critical $90,000 support level. The sharp decline triggered a cascade of liquidations exceeding $415 million, erasing gains made earlier in the week following the U.S. Federal Reserve’s interest rate cut and underscoring the extreme volatility that continues to define the digital asset space.
about Bitcoin Plunges Below $90K, Liquidations Top $415M in Market RoutBitcoin Retreats to $90K After Fed Rate Cut, ADA Plunges 10%
The cryptocurrency market experienced a sharp reversal on December 11, with Bitcoin failing to sustain a rally above $94,000 following the Federal Reserve’s latest interest rate decision. The primary cryptocurrency retreated to around $90,200, while a broad altcoin selloff was led by Cardano’s 10% plunge. The total market capitalization fell 2.2% to $3.17 trillion, highlighting the heightened volatility that often follows key macroeconomic announcements.
about Bitcoin Retreats to $90K After Fed Rate Cut, ADA Plunges 10%Bitcoin Hits $92K, Zcash Surges 17% Ahead of Fed Meeting
The cryptocurrency market staged a significant rebound on December 8, with Bitcoin reclaiming the $92,000 level and Zcash leading an explosive altcoin rally with a 17% surge. This recovery follows a volatile weekend that saw Bitcoin briefly dip below $88,000, highlighting the market’s sensitivity ahead of the Federal Reserve’s final interest rate decision of the year. The potential for a 0.25% rate cut has traders weighing bullish catalysts against the risk of a classic ‘sell the news’ reaction, setting the stage for a pivotal week in digital asset valuations.
about Bitcoin Hits $92K, Zcash Surges 17% Ahead of Fed Meeting