Bitcoin24h $76,045.64+0.35%

Ethereum24h $2,415.87+0.77%

BNB24h $722.36+1.58%

XRP24h $1.29+0.60%

Solana24h $98.86+1.90%

TRON24h $0.3357+0.92%

Zcash24h $1,362.88+22.56%

Hyperliquid24h $78.60+1.69%

Dogecoin24h $0.0806+0.84%

Monero24h $500.54-1.26%

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.