Bitcoin News & Market Digest
The latest Bitcoin news, price drivers and market digest.
Bitcoin Slides 2% as South Korea's Kospi Plunges 10%+
Bitcoin fell about 2.7% to roughly $63,200 extending losses across major cryptocurrencies as Asian equities led by South Korea sold off sharply on July 28. BTC had earlier retaken $65,000 amid de-escalation between the US and Iran and a 5% drop in oil prices.
Bitcoin Slides to $70,000 Amid Record $3.4B ETF Outflows
U.S. spot Bitcoin ETFs recorded their largest selloff yet with $3.4 billion in outflows over 11 consecutive sessions, the longest streak since launch, as BTC fell 3.4% to below $71,000. Strategy's disclosure of selling 32 BTC for $2.5 million in late May added selling pressure.
Bitcoin Drops Below $73,000 as U.S. Strikes on Iran Spark $1B Liquidations
Bitcoin fell below $73,000 amid U.S. airstrikes on Iran, triggering one of the largest liquidation events of the year with nearly $1 billion in positions wiped out. ETH dropped below $2,000 and major altcoins like SOL and XRP also declined sharply.
Bitcoin Plunges Below $62,000 Amid $3B in Liquidations
BTC crashed to $61,300 before recovering toward $62,500-$63,800, with billions in longs liquidated over two days as prices fell over 4%. Derivatives markets signaled further downside risks while traders loaded puts at $60,000.
Bitcoin ETFs Record Longest Outflow Streak Amid Price Slide
U.S. spot Bitcoin ETFs saw a record $2.97 billion in net outflows over 10 consecutive trading days through Friday, the longest streak since their launch. Bitcoin fell to around $72,000-$73,000 as markets opened June lower amid geopolitical tensions.
Bitcoin spikes to $63,700 then dumps amid Iran-Israel tensions
Bitcoin surged to $63,700 overnight, triggering the most short liquidations since late April with $504 million lost by bearish traders in 24 hours, before pulling back below $63,000 due to fresh Iran-Israel flare-ups and risk aversion in Asian markets.
CFTC Approves First Regulated Crypto Perpetual Futures Contracts
The U.S. CFTC issued landmark approvals for bitcoin perpetual futures on a Kalshi-operated exchange and cleared a Coinbase affiliate for global options and perps access, marking the first domestically regulated perp products and a major step for U.S. crypto derivatives.
Bitcoin Plunges Below $66,000 Triggering Record Liquidations
Bitcoin dropped as much as 6.4% to a 24-hour low of $65,708 and a two-month low, with nearly $1.5 billion in crypto liquidations over the past 24 hours, the largest since February. The sell-off was driven by ongoing spot Bitcoin ETF outflows exceeding $3 billion, Strategy's BTC sale, and geopolitical tensions.
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