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There may be no crying in the casino. But on days like these, you’d be forgiven for shedding a tear. With $9.4 billion liquidated in a single day in the crypto market, the flash crash comes just in time to punch the late-coming retail crowd in the face.In a single 24-hour span, crypto traders witnessed one of the biggest liquidation cascades since the heydays of 2021; a moment that rechristened “risk” for an entire generation.The crypto market gets nukedOf the $9.4 billion in liquidations over the last 24 hours, more than $6 billion in leveraged positions were wiped out in…

Hargreaves Lansdown, one of the UK’s largest retail investment platforms, has warned that bitcoin should not be treated as a core part of investment portfolios — even as it prepares to offer crypto products to clients for the first time.In a statement published on its website, the Bristol-based firm said bitcoin, despite its long-term price gains, “is not an asset class” and lacks the intrinsic characteristics that would justify including it in a portfolio for growth or income. Hargreaves Lansdown argued that the cryptocurrency’s price history shows periods of “extreme losses,” adding that performance assumptions are impossible to analyze and…

More than 1.6 million traders have been wrecked daily. There’s no way to sugarcoat what happened in the cryptocurrency markets since Friday evening. Bitcoin’s price, for example, took one of its most painful nosedives in recent history, dumping from over $122,000 to $105,000 on some exchanges and even to as low as $101,000 on others. The altcoins were obliterated as well, with massive double-digit price drops from the majority of them. Here’s what we know so far. Valuermarket’s report classified the event as the “largest single-day liquidation in the history of digital assets.” The initial numbers of $250 million…

XRP’s price experienced a massive crash, leaving over $700 million liquidated. But why? The broader cryptocurrency market saw its worst deleveraging events in history throughout the past 24 hours. Ripple’s XRP didn’t go unscathed. In fact, it was one of the altcoins that painted massive red wicks, dropping to as low as $1.2 on the Binance perpetual contracts charts. That’s a 60% drawdown, which, not surprisingly, had a lot of traders liquidated. So much so that, in fact, almost $1 billion worth of leveraged positions were wiped out in the past 24 hours. Why is the XRP Price Going…

536 days after halving, Bitcoin’s $126K rally is just warming up, and analysts say the true breakout may be next. Bitcoin (BTC) scored a new all-time high of $126,100 on Monday. However, profit-taking overpowered the market, and the crypto asset retreated by 4%. by Friday. Then came the Trump-induced fear, and BTC plunged to $101,000 on some exchanges before it recovered to $112,000 as of press time. Despite this, new data suggest that the real bull market phase could still be ahead. Bitcoin’s “Warm Zone” Momentum Binance market data indicates that Bitcoin has entered an important phase in its…

Roger Ver, the early Bitcoin evangelist once known as “Bitcoin Jesus,” has reached a deal with the U.S. Department of Justice (DOJ) to settle a long-running tax fraud case. According to The New York Times, Ver will pay around $48 million to settle the charges, and if he meets the terms of the deal, the case will be dropped entirely. Ver became a well-known figure in the Bitcoin space in the early 2010s for passionately promoting Bitcoin when it was still unknown. He earned the nickname “Bitcoin Jesus” for giving away bitcoin for free and investing in many of the…

Dogecoin collapsed 50% late Friday in a rare flash crash that saw price plunge from $0.22 to $0.11 within minutes before rebounding to the $0.19–$0.20 zone. What to Know• DOGE dropped from $0.22 to $0.11 at 21:00 UTC on Oct 10 — a 50% flash crash followed by recovery to $0.19–$0.20.• Total intraday range = $0.14 (≈57% volatility), with 4.6 billion tokens traded versus 1.5 billion daily average.• Trump administration’s 100% tariff announcement on Chinese imports triggered broader crypto risk-off.• Late-session trading showed whales re-accumulating; exchange outflows topped $23 million and 2 billion DOGE were added to corporate wallets.• 21Shares…

Key takeaways:Bitcoin’s broader uptrend and on-chain data suggest the market remains in an expansion phase.Strong dip-buying by “sharks,” and key trendline support point to another BTC rebound.Bitcoin (BTC) attempted to recover a day after traders witnessed the biggest single-day wipeout on record, with over $5.39 billion in leveraged positions liquidated in 24 hours, which is twice as large as the “COVID-19 crash” in 2020.BTC total liquidations chart. Source: DefiLlamaAs of Saturday, BTC’s price had rebounded by 8.50% after dropping to its local low at around $103,000. At the time of writing, it remains down 11% from its record high of…

Dash price exploded 44% to near the $50 mark, its highest level since December 2024.  Tornado Cash also spiked as tokens like Verge, Decred mirrored the Zcash price. Privacy coins are signalling a bullish comeback as the crypto market embraces older coins. Privacy-focused cryptocurrencies staged a strong comeback this week, with Dash (DASH) soaring more than 44% and notable gains also seen in Verge (XVG) and Tornado Cash (TORN). The rally follows a sharp rise in Zcash (ZEC) over recent weeks, which appears to have reignited investor enthusiasm for privacy-oriented digital assets. By Friday, DASH, TORN, and XVG all showed…

As crypto adoption increases globally, governments are grappling with the potential impacts on their financial systems and economic stability. This week, several major policy changes have impacted the crypto industry — some that hinder innovation and others that bolster it.In the US, a government shutdown has halted any consideration of crypto-focused exchange-traded funds (ETFs). Federal agencies are operating with minimal staff until Congress reaches a budget agreement.In the UK, the government has lifted a ban on crypto-based exchange-traded notes (ETNs) — debt instruments that give investors exposure to crypto without owning it. UK regulators say the crypto market is mature…