Crypto News

Crypto’s sundown mood today felt like watching a hurricane roll through… and then seeing a few rays of sunshine break through the clouds. Let’s start with the biggest emotional swing of the day: Bitcoin (BTC). After a brutal stretch that saw BTC crash to one‑year lows, trade below some miners’ production costs, and trigger full-on risk aversion across crypto, Bitcoin suddenly flipped the script and reclaimed the $70,000 level. Analysts are already calling a potential market bottom. The rebound comes after weeks of ETF outflows, sour sentiment, and a general feeling that crypto was the asset class everyone suddenly wanted to pretend they’d never heard of. But even with the bounce, the scars are fresh. Miner profits have been squeezed, whales turned defensive during the drop, and the ecosystem got a loud reminder of how fragile infrastructure can be. A system bug at South Korean exchange Bithumb accidentally airdropped 2,000 BTC instead of 2,000 KRW to users, triggering a local f...

Crypto markets head into the night bruised but not broken, with a sharp selloff, fresh regulatory battles, and a few surprising bright spots shaping the day’s narrative. The headline story is the reset across majors. Bitcoin (BTC) briefly crashed below 65K, touching the low 63K range as risk-off panic hit crypto stocks and broader markets. Leveraged positions were flushed out, ETFs saw outflows, and fear spiked as traders started to question Bitcoin’s short-term role as an inflation hedge under mounting macro pressure. Ethereum (ETH) fared even worse. The asset broke through key support, sliding toward 2,100 and briefly losing the 2,000 level, wiping around 27 percent from its value and contributing to a roughly 100 billion dollar drawdown across the market. That pain rippled through institutions and big treasuries. BitMine, which holds 4.2 million ETH, is now sitting on 7–8 billion dollars in unrealized losses as ETH fell below 2,000, dragging its own share price down about 8 ...