Crypto Market Sees $692M Wipeout as BTC Drops Below $105K: TheĀ crypto market faced a major shake-upĀ as $692.73 million inĀ liquidationsĀ erased positions across major tokens. Bitcoin alone accounted for $205 million in long liquidations after plunging to $104,802. This sharp decline came within a 24-hour span, triggering chaos across perpetual futures markets.Ā Besides the massive Bitcoin drop, Ethereum also saw significant activity, with $151.61 million in volume. Solana followed with $32.56 million, while XRP and Dogecoin posted $29.25 million and $21.42 million respectively.
US regulator dismisses suit against Binance in latest crypto-friendly move by Trump:
The US on Thursday (29 May, 2025) voluntarily dismissed its civil lawsuit againstĀ Binance, the worldās largestĀ cryptocurrencyĀ exchange. The move extends the new, friendly approach to cryptocurrencies of the Securities and Exchange Commission (SEC), a major financial regulator, sinceĀ Donald TrumpĀ re-entered the White House.
$IOTX 74.63 Million IOTX withdrew from binance exchange . Last time when that happens it resulted in price increase. Reason: Whenever any crypto is withdrawn from exchange it is because investors has a intention to hold it for longer period of time.