Federal Reserve’s conservative rate cut and Powell’s explicit rejection of Bitcoin holdings trigger crypto market selloff. Bitcoin drops 5% as traders face $851M in liquidations amid scaled-back rate cut expectations for 2025.
Bitcoin plunged below the psychological $100,000 mark after the Federal Reserve delivered what markets viewed as a hawkish rate cut, lowering its benchmark rate by 25 basis points to 4.25%-4.50%. While the cut its
On December 19, Binance released the results of its latest user survey, revealing that the number of meme coin holders has surpassed that of Bitcoin holders among cryptocurrency owners.
The survey, part of Binance’s “Global User Survey,” was conducted on over 27,000 users across Asia, Australia, Europe, Africa, and Latin America. The survey found that 16% of respondents held meme coins, making them the most held cryptocu
🐳 Spot On Chain: Trader "0x4ec" incurred a $477K loss (-30%) in just 9 days after purchasing 60.782B $PEPE at the local high on Dec. 10 for 4.75 $WBTC and 150K $USDC ($1.59M).
Following a 17.85% 24-hour price drop, the trader sold all holdings for 1.108M $USDT.
📊 Glassnode: Since mid-November, when #Bitcoin❗ broke above $90K, profit-taking has been led by 6m-12m $BTC holders, who accumulated during the previous cycle and are now locking in gains.