The Sunday gathering was short-lived as President Donald Trump's pricing confirmation took down the top cryptocurrencies on Monday.
Bitcoin was dropped to a lowest intraday level of $85,081, a day after the announcement of a U.S. strategic cryptocurrency reserve had pushed it above $95,000.
Ethereum fell more than 13% to a lowest intraday level of $2,097.08, erasing Sunday’s gains, while Dogecoin also reversed, plunging more than 15%.
The pullback liquidated $804 million from the cryptocurrency market over the last 24 hours, with $86 million in long positions wiped out.
However, over $1 billion in short positions were at risk of liquidation if Bitcoin rebounded to around $92,300.
Bitcoin's open interest dropped by 9.88% over the last 24 hours. Interestingly, Binance futures traders were buying the dip, with long positions accounting for 69% of total bets.
The Crypto Fear and Greed Index fell back into the “Extreme Fear” territory, fueling concerns of further sell-offs.
The global cryptocurrency market capitalization fell by 9.27% to $2.84 trillion over the last 24 hours.
Stocks fell on Monday. The Dow Jones Industrial Average dropped by 649.67 points, or 1.48%, to close at 43,191.24. The S&P 500 sank 1.76% to finish at 5,849.72, while the tech-focused Nasdaq Composite lost 2.64% to close the session at 18,350.19.
The sell-off was triggered after Trump reiterated the imposition of tariffs on major trading partners, Canada, Mexico, and China.
Investors will focus on February employment data, which is set to be released on Friday, to gauge the strength of the U.S. economy.
🇺🇸 The White House will host the crypto summit on March 7.
President Trump will speak at the first White House summit on cryptocurrencies.
Among the participants will be well-known founders, CEOs, and investors in the industry.
The crypto summit will be organized by David Sacks, the czar in charge of artificial intelligence and cryptocurrencies, and led by Bo Hines, the executive director of the task force. #BTC #bnb $BTC
What does this situation mean? It has been announced and confirmed that the team #PiCoreTeam has published a statement indicating that users and miners risk losing a significant portion of their mined Pi, marked as UNVERIFIED. This is due to the fact that some of your referrals have not yet completed their KYC verification, resulting in the loss of a significant amount of Pi accumulated through your active referrals on the mining app. It appears that unverified tokens will be burned. I sincerely hope that the #PiCoreTeam CoreTeam will consider a different approach. After all, mining and staying loyal to the #PiCoreTeam for 6 years should be recognized and demonstrate some loyalty to the community and dedicated participants. Why not "release part or even all of the unverified tokens to the miners as a reward for their commitment over these 6 years"? Share your thoughts on this matter, all your opinions are welcome.
🤔 Rapper Kanye West Plans to Launch a Memecoin Called YZY
👀 CoinDesk reports that Kanye West is planning to launch a YZY memecoin.
The rapper is reportedly planning to emulate TRUMP and keep 70% of the supply for himself.
The YZY token will be accepted as payment on his website.
An email announcing the upcoming release of the token has reportedly been leaked, and it is reportedly verified and confirmed by multiple Coindesk sources.
L'arnaque du siècle organisé par le président Argentin
He got a president to promote his $4B token Then he rugged it for $87M Here’s the untold story of his rise and fall:
Julian got into crypto back in 2016 He bought some Bitcoin and ETH Then in 2021, he flipped NFTs during the mania But the real game came in 2024 That’s when he saw his shot...
Julian met Milei (president of Argentina) at a tech forum in Buenos Aires He spoke about AI, small businesses, the future Milei was impressed A handshake. A photo. A promise. Julian had just secured something dangerous...
Months later, KIP (Juan's company) joined Buenos Aires’ Blockchain Committee. It looked official. Suddenly, Julian wasn’t just another crypto founder. He was advising a government. And that’s when the real plan began...
He pitched Milei a grand idea: A national token to support small businesses. A new economic era. A financial revolution. Milei bought in. The door was now wide open...
So they launched it First post came from Milei’s official X account: “The world wants to invest in Argentina.” The message was clear People saw it as an official coin...
FOMO hit Millions poured in. A $4B market cap in 1 hour. People weren’t just buying a token. They thought they were investing in a developing country Then the cracks appeared...
Something was off The token wasn’t locked Bubblemaps was showing 82% of supply controlled by a single cluster It was a trap And the walls were closing in...
Panic started to spread. Whispers turned into warnings. And then — insiders started dumping. $87M rugged in hours The price was crumbling But the worst was yet to come...
People begged for answers. Who was selling? Where was the money going? Then Milei deleted his tweet. The entire illusion shattered
The token collapsed. A $4B dream turned into ashes. Retail investors lost everything. Julian Peh and his insiders? They walked away with almost $100M
A government-backed token. A $4B scam. An $87M heist. The biggest political rug pull in history. And no one was held accountable... yet. Let me
Michael Saylor says that after his death, his Bitcoin private keys will be deleted, ensuring that his BTC will never be sold — calling it a "proportional contribution" to all Bitcoin holders.
Kanye West claims someone offered him $2 million to scam his community with a memecoin. But he refused.
If he had accepted, he would have received $750,000 $ up front and $1.25 million $ afterward. All he had to do was say that his X account had been hacked. #BitcoinWhaleMove #BinanceAlphaAlert
🇺🇸🗣️ Polymarket users are betting on whether Trump will say “bitcoin” or “dogecoin” in his inauguration speech.
Hundreds of thousands of dollars have been placed on whether Donald Trump will say the words “crypto” or “bitcoin,” but also “doge” or “dogecoin,” in his inauguration speech on January 20.
According to bettors, there would be: 🔹 21% chance that he will say Bitcoin or crypto 🔹 11% chance that he will say Doge or Dogecoin #10DaysToTrump $BTC
Another user was unfortunately scammed on Binance's P2P platform, suffering a loss of $840. Here's how the events unfolded: the user logged into the app and accessed the P2P Express section to sell some of their bitcoins. The system automatically found a buyer. Confident in the reliability of Binance, the user accepted the transaction.
The buyer then requested that the cryptocurrency be released, promising to transfer the funds into fiat currency within five minutes. However, once the cryptocurrency was sent, the buyer ceased all communication and the funds disappeared from the user's P2P wallet. Only after this incident was the user able to view the buyer's profile, where he discovered several negative reviews and similar scam alerts. This was the user's first time using Binance P2P and the experience caused them significant financial problems.
To protect yourself against P2P scams: 1. 🔺 Favor reputable platforms: Stick to well-known P2P trading platforms like Binance. 2. 🔺 Verify payments: Always make sure that payments have arrived in your account before finalizing a transaction. 3. 🔺 Secure communication: Use the platform's secure messaging system and do not share your personal information prematurely. 4. 🔺 Get informed: Be aware of the latest scams and tactics used by fraudsters on P2P trading platforms.
Stay vigilant and protect yourself from these scams. Don't forget to share this information to help others stay safe!
After the halving, it is possible that a violent correction could occur in the market and that BTC falls to $58,000. But the majority of altcoins will lose up to -50% and more; you will then have to have a mind of steel to endure this. 🥱🙃
$BTC #Binance Why did Bitcoin and Altcoins Crash ?
The last 24 hours were brutal for the crypto market as BTC crashed below $60k while alts crashed 30%–50%.
The primary reason behind this crash was the Iran drone attack on Israel.
During a war, commodities like oil and gold rise in value, which results in high inflation.
High inflation means no rate cuts, which is bearish for stocks and crypto.
This is why crypto sold off heavily yesterday, as people anticipated that this war could lead to high inflation, which would result in no rate cuts.
Once BTC and alts started crashing, those who had high leverage positions open started getting liquidated, which resulted in more forced selling.
Something similar happened during Covid in March 2020, Russia Ukraine war when the market panic sold and then rebounded within a month
As per some media sites, Iran already made their allies aware in advance
This means that the cartel were already ready for this dump
They just waited till the weekend as there was low volume and then crashed the market
After market started panic selling, they bought the dip as usual which resulted in a quick bounce
The lesson here is to avoid leveraged trades and keep your portfolio in spot. This is the best way to maximize your gains while keeping your risks to a minimum.
Right now, BTC is trading above $63k with a strong support at $60k level
If $60k level don't hold, there is a strong support level at $56k - $58k where most of the new whales (ETF buyers) have bought their BTC
Keep in mind that after every black swan event, the crypto market has witnessed parabolic runs and the same will happen this time too