Bitcoin fell sharply to around US$63,000, its lowest level since October 2024, marking a one-day drop of about 12.6 percent and its biggest daily fall since November 2022.
About US$1 billion in bitcoin positions were liquidated in 24 hours, while the global crypto market has lost roughly US$2 trillion in value since its October peak.
Ether also dropped more than 13 percent.
The decline coincided with volatility in precious metals, falls in the S&P 500 and Nasdaq, continued institutional ETF outflows, and market reaction to expectations around potential Federal Reserve policy tightening under a possible Kevin Warsh appointment.
Image credit: Worldspectrum
This is the problem with all things trading on money markets. Artificial manipulation, especially now with AI involved.
The big fish don’t care they make money either way.
Stock trading
Carbon trading
Forex trading
Insurance trading
Commodities trading
Crypto trading
People get sucked in by playing on their greed and fear of missing out
JP morgan is in trouble. Sold about 350 contracts for the same one oz of silver.
They can t deliver……
Bunch of criminals, but we already knew it…
Watch lynette zang in YT
Mike Adams was talking about this
https://www.brighteon.com/59c7827b-3fae-42cb-ac0c-35ab8bae74f9