China News Today TheBitTimes.com

As Bitcoin (BTC) faces the renewed threat of plunging below the $110,000 support amid a broader market sell-off, historical data suggests the asset may be destined for more losses in September. Since 2015, Bitcoin has managed only a 40% win rate in September, with an average return of -2.5%, according to data from charting platform TrendSpider shared on August 25. Bitcoin seasonality chart. Source: TrendSpider The seasonality outlook points to a bearish trend, placing September alongside August as one of the least favorable months for BTC holders.  In contrast, months such as February and October have delivered outsized gains, boasting win rates of 82% and 90% respectively. BTC’s new bearish sentiment  Notably, the statistic emerges at a time when Bitcoin is grappling with fresh bearish sentiment, as whale selling and exchange-traded fund outflows weigh on investors’ confidence. To this end, analysts have laid out several scenarios for the flagshi...

Despite being seen as the pro-crypto candidate of the 2024 election, thus far, Donald Trump’s second presidency has had its fair share of controversies regarding the cryptocurrency market. Perhaps the most significant of these was the launch of Official TRUMP (Trump), the president’s very own meme coin. Released on January 17, just days before the inauguration, TRUMP quickly skyrocketed, reaching an all-time high (ATH) price of $44.28 per token on January 21, as well as a market capitalization of roughly $14.7 billion. The frenzy was short-lived. By the end of January, Official TRUMP was changing hands at a price of $24.05, and has been on a steady downward trajectory ever since. At press time on March 28, the president’s meme coin was trading at a price of $10.18. Picks for you Crypto market erases $100 billion in 24 hours ...

According to crypto analytics firm Arkham, at least $4 million of these losses were "preventable losses." The liquidators of Alameda Research have reportedly incurred at least $11.5 million in losses since taking control of Alameda's trading accounts. On Jan. 16, a Twitter thread from Arkham Intelligence reported that one wallet under the control of liquidator s has seen a string of "significant losses " due to liquidations, some of which were "preventable losses ." Over the past two weeks being under Liquidator control, the account incurred significant losses: Largest single liquidation: $4.85M Total liquidated amount: $11.5M Preventable losses: $4M+ — Arkham (@ArkhamIntel) January 16, 2023 As one example, Arkham noted that the account ending 0x997 initially had a short position of 9,000 Ether (ETH) ($10.8 million) against the collateral of $20 million in USD Coin (USDC) and $4 million in Dai (DAI), with a net balance of $15.2 million when the li...