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Showing posts with the label Federal Reserve

Justice Served: $451M Penalty for Firms Behind Binary Options Fraud

Bitcoin Market Plummets Below $96K Amid Federal Reserve Hawkishness and Mass Liquidations

  Summary : The cryptocurrency market is facing significant headwinds, with Bitcoin (BTC) dipping below $96,000 for the first time in weeks. The drop, triggered by the Federal Reserve's cautious stance on interest rate cuts, has led to $680 million in outflows from Bitcoin ETFs and $800 million in market-wide liquidations. Key Developments in Bitcoin ETFs U.S. spot Bitcoin ETFs experienced $680 million in outflows on Dec. 19, breaking a 15-day streak of inflows that totaled $6.7 billion. Fidelity’s FBTC led the outflows with $208.55 million, followed by Grayscale’s Bitcoin Mini Trust ($188.6 million) and ARK 21Shares’ ARKB ($108.35 million). Despite outflows, trading volume surged to $6.31 billion, highlighting heightened market activity amid volatility. Ethereum ETFs also saw outflows of $60.47 million, though cumulative inflows for the year remain positive at $2.4 billion. Market-Wide Liquidations and Volatility Over $846 million was liquidated in the past 24 hours, impacting nea...