Bitcoin News Today TheBitTimes.com

XRP is currently suffering a sharp correction in the final stretch of September, losing $18.94 billion in market value over the past seven days. The token dropped from a weekly high of $3.13, with a market cap of $187.24 billion, to $2.81 and $168.30 billion, marking a decisive break below the $3 psychological threshold losing 10.22% in value, as per data retrieved by Finbold from CoinMarketCap . XRP 1-week market cap. Source: CoinMarketCap The pullback coincided with a broader market sell-off that saw more than $1.5 billion in crypto positions liquidated between September 24 and 25, the largest single-day altcoin liquidation event in over a year. Much of the pressure came after Ethereum broke below the $4,000 threshold, triggering cascading liquidations across majors, with XRP caught in the crossfire. In the last 24 hours, XRP’s trading volume spiked 36.7% to $7.19 billion, though the activity was dominated by selling pressure. Notably, 58% of liquidations...

On Monday, thousands of investors joined a social audio space on X to discuss the worst day since David Bailey took Nakamoto (NAKA) public. Its title, NAKA -60%: Is the Bitcoin Treasury Trend Over? , highlighted the stock’s 60% weekend price drop to an all-time low of $1.16. From its all-time high of $34.77 on May 22, its crash to $1.16 this morning marked a 96% decline . Bailey once cheered as his bitcoin (BTC) treasury company traded up to 23 times the value of its BTC holdings. Today, his company’s multiple-to-Net Asset Value or mNAV multiplier has declined 96% — mirroring its share price decline — to 0.82x. Not content with simply becoming another BTC treasury company like Michael Saylor’s Strategy, Bailey promoted Nakamoto as a treasury company of BTC treasury companies . Although early speculators were excited about the multiplying spin of Bailey’s meta-strategy, excitement has evaporated since May. In an increasingly emotional series of tweet...