liquidations
Here’s What Happened in Crypto Today
Bitcoin plummeted below $60,000 on June 26 as a combination of Federal Reserve hawkishness and massive institutional liquidations gripped the cryptocurrency market. An $11 billion options expiry cascade and aggressive fund exits created a perfect storm that dominated trading floors throughout the day. Meanwhile, regulatory and DeFi developments continued reshaping the sector’s infrastructure landscape. Bitcoin’s...
Bitcoin Options Expiry Triggers $11B Liquidation Cascade
Bitcoin and Ethereum options worth approximately $11 billion expired on Friday, June 26, as cryptocurrency markets plunged to fresh two-year lows amid a broader selloff triggered by inflation concerns and massive liquidations. The expiry included roughly 153,500 Bitcoin contracts valued at $9.3 billion, occurring during one of the most volatile weeks for digital assets since...
Bitcoin Tumbles 2.5% as Fed Rate Hikes Loom; On-Chain Activity Paradox Deepens
Bitcoin and Ethereum both suffered significant losses overnight, with BTC dropping 2.5% to $62,300 and ETH falling more than 4% as $717 million in liquidations rippled across the crypto market. The selloff reflects broader market anxiety tied to anticipated Federal Reserve rate hikes, yet an unusual disconnect has emerged between this price weakness and record-high...
XRP Slumps Below $1.13 Support Amid xrpld Software Glitches
XRP has fallen below a critical technical support level at $1.13 following a software release that sparked network stability concerns across the XRP Ledger community. The 3.33% decline over the past 24 hours underperforms a weakening broader cryptocurrency market, with heavy liquidations in derivatives markets amplifying selling pressure despite strong institutional ETF inflows. The Technical...
Bitcoin Crashes Below $63K as Iran-Israel Peace Deal Collapses
Bitcoin collapsed below $63,000 on June 19, 2026, shedding $2,000 in just two and a half hours after the Iran-Israel escalation torpedoed a landmark US-Iran peace deal. The selloff, which liquidated over $200 million in long positions within four hours, reflects a brutal convergence of geopolitical disappointment and Federal Reserve hawkishness that has left crypto...