First Mover Americas: Bitcoin Crashes to $50K as 'Perfect Storm' Hits Crypto Market
The latest price moves in crypto markets in context for Aug 5, 2024.
News
Defi Giant Aave Rakes in $6M in Revenue as Crypto Market Plunges
Aave shows defiance during the sell-off by profiting off user liquidations.
Crypto Stocks Slump as Bitcoin, Ether Tumble
Coinbase, MicroStrategy and miners fell as equity markets declined worldwide.
Bitcoin Drops 15% Against Japanese Yen, Outpacing Declines Versus USD, as Yen Carry Trades Unwind
The yen's strong performance, rising almost 10% against the USD in three weeks, led to the unwinding of carry trades, contributing to the sell-off in risk assets and causing s...
Bitcoin Price Crash to $50K Dashes Carry Traders' Hopes
Carry trading, a popular strategy from the first quarter, involves profiting from pricing discrepancies between two markets.
Bitcoin Dips Below $50K as Investors Flee Risk Assets
Ether slumped by the most since May 2021.
Crypto Futures Record $1B in Liquidations as Bitcoin Nosedives, Ether Slumps Most Since 2021
A sentiment index that tracks crypto markets changed to “fear” early Monday as ETH recorded its worst single-day drop since May 2021.