Market Crash

Julian Maddocks, a seven-year veteran at Kraken, shares insights into how crypto exchanges handle market crashes, the importance of transparency, and the human element behind the technology.

Dogecoin’s price has dropped 7.5% following disappointing inflows into newly launched DOGE ETFs from Bitwise and Grayscale. The memecoin is also facing broader market headwinds, with the Crypto Fear and Greed Index signaling ‘Extreme Fear’ and key support levels being broken.

While Bitcoin and other major cryptocurrencies tumbled, a free grid trading bot on OKX generated a 106% profit on 1INCH for Dutch users, highlighting the potential of automated strategies in volatile markets.

Strategy, the largest corporate holder of Bitcoin, is facing intense pressure as its stock has plummeted over 40% in a week. The decline, outpacing Bitcoin’s own losses, raises concerns about Michael Saylor’s high-stakes strategy and potential exclusion from major stock indices.

The cryptocurrency market is experiencing a severe downturn, with the total market cap dropping 7% and over $2 billion in long positions liquidated. While institutional selling continues, some analysts see hope in potential Federal Reserve rate cuts and global stimulus.