Bitcoin24h $71,542.77-1.82%

Ethereum24h $2,206.45-1.50%

XRP24h $1.33-1.00%

BNB24h $595.05-1.65%

Solana24h $82.32-2.12%

TRON24h $0.3218+1.15%

Dogecoin24h $0.0913-1.69%

Hyperliquid24h $40.59-3.99%

UNUS SED LEO24h $10.12+0.01%

Cardano24h $0.2402-3.86%

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.