Bitcoin24h $79,837.56-2.30%

Ethereum24h $2,292.88-2.82%

BNB24h $642.55-1.00%

XRP24h $1.39-2.87%

Solana24h $88.58-0.89%

TRON24h $0.3492+0.77%

Dogecoin24h $0.1078-4.88%

Hyperliquid24h $42.12-3.09%

UNUS SED LEO24h $10.35+0.05%

Cardano24h $0.2627-1.77%

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.