Bitcoin Plunges Below $88,000: What Is Going On?

Bitcoin (CRYPTO: BTC) has tumbled below $88,000, levels not seen since mid-November 2024, as market sentiment reacts to Donald Trump’s tariff announcement. Trader Notes: Crypto chart analyst Ali Martinez warns that BTC is breaking below a parallel channel and could slide to $81,000 unless it reclaims $92,500. Bluntz Capital...
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OKX Operator Pleads Guilty To Unlicensed Operations, Agrees To $500M Fine

Aux Cayes FinTech Co. Ltd, the operator behind the cryptocurrency exchange OKX, has pleaded guilty to operating an unlicensed money-transmitting business in violation of U.S. Anti-Money Laundering (AML) laws, agreeing to pay over $500 million in fines and forfeitures. Following an investigation by the U.S. Department of Justice (DOJ),...
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US Authorities Seize $31M In Crypto Linked To 2021 Uranium Finance Hack

U.S. authorities have recovered $31 million in cryptocurrency connected to the April 2021 hack of the now-defunct decentralized finance (DeFi) platform Uranium Finance. The seizure was the result of a joint operation between the U.S. Attorney’s Office for the Southern District of New York and Homeland Security Investigations (HSI)...
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Bitcoin Traders ‘Buy the Dip’ as BTC Price Slips Below $88K, Kraken Says

Crypto traders are buying bitcoin (BTC) on Kraken, one of the 10 biggest cryptocurrency exchanges, as the price slides to a three-month low, Alexia Theodorou, head of derivatives told CoinDesk. BTC dropped under $88,000 shortly before publication as Nasdaq futures pointed to continued risk aversion on Wall Street and...
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Ether Heads Toward Set of Mammoth $340M On-Chain Liquidations

Ether’s (ETH) 11.5% slide over the past 24 hours has moved the second-largest cryptocurrency closer to a series of mammoth $340 million liquidations on collateralized debt platform MakerDAO. On-chain data shows three MakerDAO positions will be liquidated when the ETH price hits $1,926, $1,842 and $1,793. Each position is...
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Bitcoin’s Trojan Horse: This Florida Bill Could Turn The GOP Orange

Florida’s Strategic Bitcoin Reserve (SBR) bill could put the cryptocurrency on the state’s balance sheet—while also potentially reshaping the Republican Party’s stance. The bill, officially known as “SB 550: Investments of Public Funds in Bitcoin,” has gained momentum in Tallahassee and drawn national attention thanks to a high-profile advocate...
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