Crypto Market Tumbles

$8-10B Liquidated!

Author

Rich Webb
February 04, 2025 • Read Time: 8 minutes

As crypto traders sipped their morning coffee, the market served them a jolt more bitter than their brew. A sudden downturn during early Asian trading hours saw the crypto scene rocked by liquidations reaching an eye-watering $8 to $10 billion.

Bybit's CEO Ben Zhou revealed that not all is as it appears, with data feed gaps muddying the picture. This chaos followed fresh U.S. tariffs sparking fears about inflation, sending Bitcoin tumbling and triggering a mass exodus from riskier assets. With altcoins reeling and investors on edge, is this the calm before the storm or just the eye of it? Let's dive in!

  • Crypto market sees $8-10B liquidation as economic fears and trade tariffs hit risk assets, Bitcoin dips below $100K. — Read More

  • Cryptocurrencies decline as China imposes new tariffs on US goods, with Bitcoin showing slight resilience. — Read More

  • Anthony Scaramucci forecasts pro-crypto U.S. legislation by November, while critical of Trump's memecoin. — Read More

  • Coinbase gets FCA approval to directly offer crypto services in the UK, aiming to become the market leader. — Read More

  • Kraken acquires MiFID license for EU crypto derivatives through Cypriot firm purchase. — Read More

  • Crypto markets crash, $2.3bn liquidated, ETH plummets 35% as BTC dominance surges. — Read More

  • Crypto ETFs still lack full market demand pending regulatory clarity, experts say, despite 2024 approvals. — Read More

  • Evolve Funds files for Canada's first leveraged crypto ETFs offering 1.25x exposure to Bitcoin and Ethereum. — Read More

  • Altcoin season stalls as capital shifts to on-chain low-cap meme coins, Deutscher reveals Pump Fun's impact. — Read More

  • ZachXBT exposes $65 million lost to Coinbase scams, raising alarms over the platform's security failures and response inadequacies. — Read More

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