Bitcoin dropped US$5000, triggering US$1B Crypto Liquidations and Coinbase-withdrawal halt

[Chase]

Bitcoin Tumbles US$5000 After Hitting Record High; Triggers $1B Crypto Liquidations

• Bitcoin hit a fresh all-time high of $69,200 on Tuesday, then tumbled to as low as $59,700 in a violent sell-off.
• The correction triggered cascading liquidations, flushing out over $1 billion worth of leveraged derivatives positions across all digital assets, CoinGlass data shows.

https://www.coindesk.com/markets/20...high-as-mounting-sell-orders-cap-price-gains/

 

[Chase]

Forced-Sellings triggered crypto liquidations

 

[Chase]

Coinbase glitch - Coinbase users see zero balances and can't withdraw
https://www.bloomberg.com/news/arti...e-zero-balances-again-as-bitcoin-nears-record

 

[Chase]

US government offloaded Bitcoins

 

[Chase]

Coinbase sees massive US$1 billion withdrawal
https://cryptoslate.com/insights/coinbase-sees-massive-1-billion-bitcoin-withdrawal/

Then retail investors can't sell
https://www.bloomberg.com/news/arti...e-zero-balances-again-as-bitcoin-nears-record

 

[BigBlackCock]

What goes up must come down, it is a norm.
Players are just loading off to get some profit first, they might be coming in soon.

 

[k1976]

Forced-Sellings triggered crypto liquidations

Future Contract Trigger sell-off lah

 

[k1976]

Costco PetRock for u, Boss?

Costco’s hottest item isn’t rotisserie chickens. It’s $2,000 gold bars​

By Nathaniel Meyersohn, CNN
2 minute read
Updated 3:29 PM EST, Sat December 16, 2023

Shoppers outside a Costco store in Bayonne, New Jersey, US, on Saturday, Dec. 9, 2023.
Angus Mordant/Bloomberg/Getty Images

CNN —
Would you like a $2,000 gold bar at Costco with your $4.99 rotisserie chicken?

Yes, Costco sells more than just toilet paper, office supplies and food items, and the company is quite effective at it. A 24-karat 1 oz. Gold Bar PAMP Suisse Lady Fortuna Veriscan was listed as sold out on Costco’s site this week and bars usually sell out hours after being posted on Costco’s website, according to chief financial officer Richard Galanti.

 

[k1976]

 

[Chase]

What goes up must come down, it is a norm.
Players are just loading off to get some profit first, they might be coming in soon.

Then u should take a look at this picture

Cisco 20 years ago
vs Nvidia now

 

[k1976]

 

[k1976]

 

[k1976]

No worries, Tiongkok will jump start global huat huat cycle again de....have more patience

 

[k1976]

https://m.investing.com/news/stock-...coin-volatility--whats-moving-markets-3326020

Investing.com -- U.S. stock futures inch higher as markets gear up for Fed Chair Jerome Powell's much-anticipated testimony to lawmakers on Capitol Hill. Bitcoin pares back losses after the world's most popular cryptocurrency touches a new all-time high. A rematch of the 2020 U.S. presidential election seems ever more likely after President Joe Biden and Donald Trump secure major victories in Super Tuesday primary voting.

1. Futures inch higher

U.S. stock futures were subdued on Wednesday, as investors awaited the first of two days of key testimony from Federal Reserve Chair Jerome Powell and a fresh batch of economic data.

 

[k1976]

https://finance.yahoo.com/news/warren-buffett-says-wouldnt-pay-175917403.html

Warren Buffett Says He Wouldn't Pay $25 For All The Bitcoin In The World – He Considers Crypto 'Rat Poison' And Warns: 'I Can Say With Almost Certainty That They Will Come To A Bad Ending'​

Jeannine Mancini
Thu, March 7, 2024 at 1:59 AM GMT+8·3 min read
In this article:

• BRK-B
  +0.80%
  
  
  Performance Outlook
  2W-6W
  6W-9M
  9M+

The cryptocurrency market is a whirlwind of excitement and uncertainty, fueled by a fear of missing out (FOMO) and speculation about its future trajectory. Amid this frenzy, one of the most seasoned voices in investment, Warren Buffett, has consistently made clear his stance on the matter: he wants nothing to do with cryptocurrency.
Speaking at Berkshire Hathaway Inc.'s annual shareholder meeting in 2018, Buffett described Bitcoin as "probably rat poison squared," a sentiment reported by CNBC's Becky Quick. Despite the growing acceptance of Bitcoin in the traditional finance sector, Buffett's stance remains unchanged, emphasizing his belief that Bitcoin is not a viable investment.

 

[k1976]

https://www.google.com/amp/s/www.co...pens-way-for-76k-price-target-swissblock/amp/


All is NOT Lost....76k Bicoin tiagong Cumming

 

[Hypocrite-The]

Time to buy..remember if u bought the bitcoin at 20k...u r now a hero