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While bitcoin BTC$112,417.42, ether ETH$3,816.53 and other major cryptocurrencies tumbled in a $19 billion liquidation event on Friday, major gold-backed digital assets bucked the trend amid the precious metal’s rally.Tokens tied to physical gold, including Paxos’ PAXG and Tether’s XAUT, were among the few to hold their ground, and even edge higher, as broader markets sank.Bitcoin lost 8.5% of its value in the last 24-hour period, while the broader crypto market plunged 12.75% as measured by the CoinDesk 20 (CD20 ) index. PAXG has meanwhile dropped just 0.23% to $3,998, while XAUt is up 0.2% to $4,010. A troy ounce…

Bitcoin took a sharp plunge on Friday, falling more than 12% after President Trump announced a 100% tariff on Chinese imports, sparking fears of a new trade war. The news sent shockwaves through the crypto market, wiping out over $19 billion in liquidations and causing panic selling among millions of traders. Bitcoin briefly dropped below $105,000 before bouncing back slightly. This plunge mirrored broader market fears as investors rushed to safer assets, amidst uncertainty over escalating US-China tensions and economic stability. But, in the face of deep uncertainty, some experts are keeping calm and asked investors to show some faith…

The spot Bitcoin ETFs (exchange-traded funds) have been in solid form over the past two weeks, laying a foundation for the strong price action experienced by the premier cryptocurrency recently. According to market data, the crypto-linked investment products opened the week with a daily inflow record of over $1.21 billion. As of this writing, with data from Friday’s trading session yet to be included, the US-based Bitcoin ETFs are currently on a nine-day streak of positive inflows. However, a focused look into the inflows trend shows that this data point doesn’t fully tell the story. Do Bitcoin ETFs’ Performance Depend…

Ethereum’s new privacy initiative boosted Railgun’s RAIL token to an all-time high, following comments from Vitalik Buterin emphasizing privacy as a core focus.Privacy is back in focus for the Ethereum ecosystem, with the Ethereum Foundation introducing a new toolkit designed to give wallets stronger protection and more autonomy.In a Thursday post on X, the foundation wrote that the ‘Kohaku’ toolkit is a set of primitives that enables wallets to be “secure and to process private transactions while minimizing dependencies on trusted third parties.”In a separate X post, Ethereum co-founder Vitalik Buterin also mentioned Kohaku, adding that full-stack privacy and security…

Join Our Telegram channel to stay up to date on breaking news coverage US crypto exchange Coinbase leads a $2.5 billion race with Mastercard to acquire the stablecoin startup BVNK. That’s according to a report by Fortune, which cited sources familiar with the matter as saying the two companies have held advanced talks with BVNK on the acquisition. The terms and winning bidder have not been finalized yet with the sale price expected to be between $1.5 and $2.5 billion. Three of the sources said Coinbase appears to have an edge over Mastercard. If a deal is reached, it could…

According to economist Timothy Peterson, Bitcoin’s recent slide could be a short-lived wobble if October’s history repeats itself. He pointed out that drops larger than 5% in October are rare — they have occurred just four times in the past 10 years — and when they happened, Bitcoin often bounced back quickly. Related Reading Historical October Bounces Reports show the four October setbacks came in 2017, 2018, 2019, and 2021. In the week after each fall, recoveries ranged from modest to sharp: gains of 16% in 2017, 4% in 2018, and a big 21% in 2019, while 2021 was the…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In recent weeks, market watchers have started asking whether the sky-high premiums on some crypto treasury companies are sustainable. Several stocks in the category trade at two to seven times their modified net asset value (mNAV) — a multiple that would be difficult to justify if these firms were simply vaults for Bitcoin (BTC) or Ethereum (ETH). If those premiums unwind, billions in market cap could vanish. Summary Top crypto treasury firms like Strategy, Metaplanet, and DeFi…

Investors withdrew 230,000 ETH from exchanges in just 48 hours Ethereum joined the rest of the market in the past day by plummeting to a multi-month low of $3,500 before recovering slightly to $3,850 as of now. During this harrowing crash, different investors showed various behavior types, from mass selling to buying the dip. The ETH flash crash in the summer of 2017 is the closest event I can think of in comparison to what happened yesterday. Even during the Covid crash I can’t remember so many major alts losing so much so swiftly. Difference with this liquidation cascade…

Key points:Bitcoin and altcoins reel from the biggest liquidation event in crypto history.BTC price action fails to stage a rebound from multi-week lows, with $100,000 getting closer.Crypto is beginning a “cleanse” of bull-market euphoria, a trader says.Bitcoin (BTC) pressured $110,000 support on Saturday as the dust settled on a record $20 billion liquidation event.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewTrader sees start of “crypto cleanse”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD struggling to rebound after falling to three-week lows on Bitstamp.Fresh market nerves over the US-China trade war punished risk assets across the board. The S&P 500 closed down 2.7%…

The Bitcoin, Ethereum, and Dogecoin prices are crashing today, sparking bearish sentiment in the crypto market. This followed the U.S. President Donald Trump’s move, which has ignited fears of a full-blown trade war with China.  Why The Bitcoin, Ethereum, and Dogecoin Prices Are Crashing The Bitcoin, Ethereum, and Dogecoin prices are down today, according to CoinMarketCap data. The flagship crypto has dropped to as low as $104,000 over the last 24 hours, wiping out its early October gains that led to a new all-time high (ATH) above $126,000. Ethereum dropped to as low as $3,400, while Dogecoin broke below the…