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Bitcoin and crypto markets just witnessed the single largest daily liquidation event on record. The meltdown hit $19.27 billion in liquidations in the last 24 hours, according to CoinGlass. That’s larger than the massive liquidation cascades during the collapses of Terra Luna, FTX and the COVID-19 fallout. President Trump’s ongoing tariff battle is at the center of the crash. Today, Trump escalated the U.S.-China trade war to unprecedented levels, announcing an additional 100% tariff on all Chinese imports effective November 1st. Trump says the move, layered on top of existing 30% duties, is a direct retaliation to new export controls by Beijing on rare earth elements. The fallout didn’t stop at digital assets. Trump’s tariff salvo triggered a synchronized global equity rout, with the Dow Jones shedding nearly 900 points, or 2.1%. The S&P 500 dropped out 2.7%, and the Nasdaq lost 3.5%. Asian markets followed, with Hong Kong’...

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The crypto market was rocked by almost $1 billion in liquidations in the past 24 hours, sending total market capitalization down 2% to $3.84 trillion as Bitcoin slid close to $109k and Ethereum fell below $4k. Over 227,000 traders were liquidated during the downturn, according to CoinGlass data, with altcoins Story (IP), Aster (ASTER), and Avalanche (AVAX) leading losers with falls of 24%, 13%, and 8%, respectively. Market indicators show a downbeat mood, with the crypto average Relative Strength Index (RSI) dropping to 35.2, entering oversold territory, while the Crypto Fear & Greed Index plummeted to a ”Fear” reading of 28, down from 44 yesterday. The Bitcoin price dropped 2% to trade at $109,427 as of 12:51 a.m. EST, while top altcoin Ethereum lost 1% to trade at $3,952. Only a select few tokens bucked the downtrend, with OKB (OKB), Mantle (MNT), and Kaspa (KAS) leading gainers with increases of 7%, 3%, and 3%, respectively. Amid the carnage, Fundstrat’s To...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Cango (NYSE: CANG), a Shanghai-based automotive transaction services platform, has reportedly sold its legacy business in China to concentrate exclusively on Bitcoin mining. This significant strategic shift marks the company’s departure from its traditional automotive financing and trading operations. Cango Inc. to sell its PRC Business to Ursalpha Digital Limited for $351.94M, following the March 14th Letter of Intent. Details in the press release. https://t.co/v9DnPdUJTd #Cango #BusinessUpdate pic.twitter.com/tEYKzaCfPM — CANGO (@Cango_Group) April 3, 2025 According to sources familiar with the matter, Cango’s leadership believes that Bitcoin mining presents greater long-term potential than its existing business model. The divestment of its China-based operations is seen as a move to reallocate resources towards digital assets, which has gained considerable traction despite ongoing regulatory uncertainties. Divestment of Automotive Services Business ...

Wall Street Pepe, which had a successful presale and launched on Monday, has experienced a significant 40% price drop in the past 24 hours. This decline, coinciding with broader market volatility, has led many investors to shift their focus toward Solaxy’s innovative network solution, as they seek stability and potential in the face of ongoing crypto market challenges. Wall Street Pepe (WEPE) Price Prediction Wall Street Pepe exemplifies how early participation in promising projects can lead to significant returns. Despite recent turbulence, its underlying potential remains strong. The project was initially hailed as a lucrative presale opportunity for those willing to take an early risk, with many investors forecasting 10x, 20x, or even 100x gains. However, recent market volatility has led to a 40% price drop in the last 24 hours. This decline aligns with the broader downturn in the cryptocurrency market, highlighting the risks of short-term price fluctuations. Despite this...

The incoming Trump administration plans to expand CFTC Bitcoin regulation powers to oversee cryptocurrency spot markets. The administration will reduce SEC crypto oversight and implement less strict regulation for the $2.24 trillion digital asset market. This change comes as the industry faces regulatory uncertainty and increased crypto market volatility. Also Read: VeChain Outperforms Bitcoin, Solana: Will VET Hit 1 Cent Soon? How CFTC Bitcoin Regulation Could Shift SEC Crypto Oversight Amid Crypto Market Volatility Trump Administration’s Regulatory Vision The new CFTC Bitcoin regulation plan will give the commission control over BTC and Ethereum trading. This covers 70% of the global cryptocurrency market. The change moves away from SEC crypto oversight. The transition team is also planning a new White House role for cryptocurrency policy to reduce regulatory uncertainty. CFTC’s Stance on Digital Assets Crypto market volatility remains a top concern. CFTC Chair Rostin Benh...