Trump wants the US to become a Bitcoin whale, but Congress controls the wallet

President Donald Trump said on Aug. 20 that the US is considering accumulating sizable amounts of Bitcoin and other cryptocurrencies. Current law gives his administration several ways to increase federal crypto holdings, though no public authority gives Treasury a funded program for multibillion-dollar open-market purchases. For Bitcoin, Trump’s 2025 executive order already directs Treasury and […]

Crypto liquidations surge to highest level since 2025’s Black Friday crash

Highest liquidations by crypto categories. Source: Coinalyze The meme coin space, which has a reported market capitalization of about $23.8 billion at the time of publication, also experienced the biggest daily spike in crypto liquidations of roughly 12.25% to 15.1 million.  What’s next for the crypto market? The sharp liquidation of crypto traders during the […]

Bitcoin breaks out of six-week range, tops $71,000 as $3 billion in shorts get wiped out

Bitcoin $BTC$71,936.32 extended Wednesday’s advance, climbing above $71,000 for the first time since June. The largest cryptocurrency has added 3.5% since midnight UTC and 11% over 24 hours, having broken decisively out of the range that had held it since July 8. The price move was mechanical rather than narrative-driven. $BTC spent six weeks between […]

Bitcoin Rallies Near $70,000 as Record Short Liquidations Trigger a Massive Squeeze

Bitcoin perpetual futures recorded approximately $1.1 billion in short position liquidations within 24 hours. The total liquidation volume in the cryptocurrency market reached $1.92 billion on the same day. The price of the leading cryptocurrency touched an intraday high of $68,982.40 before stabilizing above $68,100. During the day on August 19, the price of Bitcoin […]