has dipped under the $100K mark as new U.S. tariffs fuel uncertainty across global markets. 🚨
Technical indicators suggest short-term volatility, but institutional interest remains strong, and speculation about a potential US Bitcoin Reserve continues to build.
It only took 24 hours for BTC to move from 57K to 64K. This achievement is the highest since 2021.
Just after BTC reached 64K, there was a BTC flash dump of 7% which was also followed by other crypto assets. BTC fell from $64K to $58.4K in half an hour.
It then liquidated $730 Million of futures trading across all assets. Data from Coinglass states, $338 Million in Long positions, and $392 Million in Short positions.
A record trading volume for a spot bitcoin ETF was recorded in the US after dramatic price action on Wednesday. BlackRock's IBIT ETF saw $3.3 billion worth of shares trade, more than double Tuesday's volume, which also set a record. Overall, spot ETFs accounted for nearly $8 billion in trading volume.
On the other hand, some Coinbase users experienced a shock when their account balance suddenly appeared to be zero, but this issue has been resolved for some users.