Crypto Market Wipes Out $200 Billion as Bitcoin Falls Below $62,000
The cryptocurrency market lost roughly $200 billion in value over 24 hours as Bitcoin fell below $62,000, triggering the largest wave of leveraged liquidations since January.
Follow developments in the fast-changing world of digital assets. This section covers Bitcoin, Ethereum and other altcoins, regulatory moves, ETFs, exchanges such as Binance and Coinbase, plus DeFi and NFTs. We provide timely updates and insights into market trends, security issues and the innovations reshaping how people invest, transact and build in the crypto space.
The cryptocurrency market lost roughly $200 billion in value over 24 hours as Bitcoin fell below $62,000, triggering the largest wave of leveraged liquidations since January.
Hyperliquid is benefiting from growing demand for perpetual futures tied to assets beyond crypto, as traders increasingly seek 24/7 access to markets ranging from oil to pre-IPO companies.
Polymarket, in partnership with Nasdaq, introduced prediction markets tied to private companies, expanding speculative trading beyond public equities and cryptocurrencies.
The SEC is reportedly preparing an ‘innovation exemption’ that could allow tokenized versions of stocks to trade on crypto platforms, marking a major step toward integrating blockchain infrastructure into U.S. equity markets.
HIVE Digital shares jumped 40% after subsidiary BUZZ HPC unveiled plans for a C$3.5 billion AI gigafactory in the Greater Toronto Area with 320 MW capacity.
Meta will begin paying creators in stablecoins through Stripe, starting in Colombia and the Philippines, as it expands digital payment options.
FTX’s investment portfolio could be worth $114 billion today if assets hadn’t been sold during its 2022 collapse, driven by massive gains in AI and tech holdings.
The U.S. is preparing to allow cryptocurrencies and alternative assets in 401(k) retirement accounts. The move could open a $12 trillion market to digital assets and private investments.
Mastercard unveiled a new crypto partner program linking 85 digital asset companies to expand cross-border payments and B2B transactions. The initiative aims to integrate blockchain-based transfers into mainstream financial infrastructure.
Investor Michael Burry warned that U.S. financial markets and the broader economy are heading toward a collapse that may be impossible to contain. He also cautioned that bitcoin’s decline could trigger severe losses for companies holding large BTC positions.
The crypto market extended its sharp decline as Strategy added more bitcoin despite mounting losses, while forced liquidations accelerated across exchanges. Bitcoin’s drop below $70,000 triggered heavy unrealized losses and dragged crypto-linked stocks sharply lower.
Bitcoin has fallen more than $53,000 over the past 120 days, erasing over $1.1 trillion in market value and sliding deeper into a bear market. The decline stands in stark contrast to U.S. stock indices, which remain close to record highs.
The cryptocurrency market has entered a sharp downturn, with bitcoin falling below $75,000 and roughly $700 billion wiped out in two weeks. Selling pressure is spreading across commodities, equities, and digital assets, fueling fears of deeper losses.
Binance is considering reviving stock trading through tokenized equities, four years after shutting the product down in 2021. The move could give global users exposure to U.S. shares while operating outside direct U.S. regulatory oversight.
Global markets surged as bitcoin climbed above $96,000 for the first time since November, while silver and copper hit fresh records amid aggressive short covering and renewed investor risk appetite.