$BTC has dropped 9% in the last 24 hours after $250 million in long bitcoin positions was liquidated as the broader crypto market and stocks sink. LedesmaLyllah reports.
falling 93% on Thursday. Justin Sun, founder of the Tron blockchain and a large HT holder, confirmed a transfer of $100 million. The rapid drop and then rebound was caused by"leveraged liquidation on the market caused by a few users," according to a tweet by Sun., alleging the Seychelles-based crypto exchange is
securities laws by offering tokens – including ether – that meet the definition of a security without registering with the attorney general’s office. The suit is the first time a regulator has claimed in court that ether is a security.The chart shows the momentum of most measures of the U.S. Consumer Price Index has weakened since August 2022.
The market has recently raised its forecast for the peak Federal Reserve rate to 6.5%. A continued loss of inflation momentum would test those hawkish expectations, bringing relief to risky assets. The February CPI, which is scheduled to be released on Tuesday, is likely to show a 0.2% increase, translating into 6.2% annual growth.
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