Bitcoin24h $64,264.98+2.11%

Ethereum24h $1,786.39+1.77%

BNB24h $576.35+0.68%

XRP24h $1.11+1.47%

Solana24h $79.32+1.37%

TRON24h $0.3306-0.17%

Hyperliquid24h $68.77+0.66%

Dogecoin24h $0.0743+1.87%

UNUS SED LEO24h $9.56+0.65%

Zcash24h $500.35+6.68%

US margin debt reached all-time highs as crypto lost $2 trillion

Crypto markets have been penalized with downside volatility amid historic levels of US margin debt relative to income.

CHART: Bitcoin returns in short bursts

BTC generates almost all of its returns over short bursts, cramming its rallies into brief sprints that leave many investors sidelined.

After a senior Bloomberg analyst called for bitcoin to crash to $10k and kept interrupting his counterargument, Lawrence Lepard ragequit.

Nancy Guthrie, the mother of Today host Savannah Guthrie, was kidnapped on February 1 and her family now face paying a $6M BTC ransom.

Bithumb apologised for sending up to 2,000 BTC to users which led to a 10% crash on the South Korean exchange.