Bitcoin

Controversial internet personality Andrew Tate lost his entire crypto fortune on the Hyperliquid platform during the recent market crash, with over 630,000 euros liquidated.

Bitcoin’s sudden 9% drop was driven by the Federal Reserve’s hawkish stance on interest rates, not by hacks or bad news.

U.S. spot Bitcoin ETFs experienced a massive €782 million outflow in one day, with November on track to be the worst month for the products. BlackRock and Fidelity led the exits as Bitcoin’s price fell to a seven-month low, while altcoin ETFs saw inflows.

The author argues that Bitcoin’s real underlying value is not ideological but the energy (electricity) used to mine it, providing a tangible backing for the cryptocurrency.

Bitcoin has dropped over 8% in the past 24 hours, with XRP and other altcoins also facing significant pressure amid market-wide uncertainty and fears of further declines.

While many investors are panic selling, Cathie Wood’s Ark Invest has purchased another $38.7 million in shares of major crypto companies like Coinbase and Circle, doubling down on its strategy of buying the dip.