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The cryptocurrency market faced a brutal sell-off on October 21, with over $110 billion in market value wiped out in a matter of hours. The total market cap plunged from around $3.75 trillion to $3.64 trillion, as panic selling swept across both Bitcoin (BTC) and major altcoins. Crypto market cap price chart. Source: CoinMarketCap Bitcoin slid 3.07% in 24 hours to trade at $107,580, underperforming the broader crypto market’s decline of 2.96%. Despite holding the key $107,000 support level, the benchmark crypto has now logged a 30-day drop of 6.74%. Bitcoin 1-day price chart. Source: Finbold Altcoins were hit even harder. Ethereum (ETH) tumbled 4.67% to $3,860, BNB (BNB) shed 5.13% to $1,067, while Solana (SOL) slumped nearly 5% to $184. XRP fell 2.71% to $2.40, extending losses after recent ETF speculation cooled. Why is the crypto market crashing? The sell-off comes against the backdrop of the ongoing U.S. government shutdown, now in its third week, which...

Although they’d hate to admit it, even Michael Saylor’s biggest fans would agree that Jim Chanos’ bearish Strategy (MSTR) trade this year has been exceptionally profitable. Chanos sold shares short and fully hedged that short-sale with a long bitcoin (BTC) position. In other words, rather than betting against MSTR’s overvaluation on an absolute basis, he merely prepared for its premium relative to its BTC holdings to collapse. It has. On May 14 at the 2025 New York Sohn Investment Conference, Chanos explained that he’d been building his short position in Strategy (formerly MicroStrategy) since its 2.5x mNAV in November 2024. On numerous podcasts and interviews over the past few months, he’s reiterated that his overall cost basis is above 2x mNAV . That’s a terrific cost basis for someone betting a low-single digit percentage of his fund on the price of MSTR declining. As of today, MSTR’s basic mNAV has declined to 1.42x, and its new...

BlackRock’s Bitcoin holdings have reached some pretty crazy levels, and right now the world’s largest asset manager is sitting on over 662,500 BTC through its iShares Bitcoin Trust (IBIT). This is more than 3% of all the Bitcoin that exists, worth around $72.4 billion at current prices. This huge institutional Bitcoin accumulation is changing how we think about crypto investment strategies, and it’s also messing with Bitcoin price volatility in ways nobody really expected. BlackRock Bitcoin accumulation over time – Source: Bitbo.io You can see from the chart how they’ve been steadily buying up Bitcoin since IBIT launched back in January 2024. The growth has been pretty wild. How BlackRock Bitcoin Holdings Affect Price, Volatility, And Investments Source: Watcher.Guru How Fast This All Happened So here’s the thing – these BlackRock Bitcoin holdings managed to do something that took SPDR Gold Shares over 1,600 trading days to pull off, except they...

The US dollar low is expected this week as the Federal Reserve delivers its interest rate decision and trade tensions keep building up. The US dollar index forecast shows continued weakness below 97.00, and US trade tariffs are threatening to push the USD market outlook even lower right now. The next US dollar low could actually materialize if the Fed maintains dovish signals and also trade negotiations fail by August 1. Also Read: De-Dollarization: Full List of Countries Dropping the US Dollar & Key Reasons How Fed Decisions, US Trade Tariffs, and USD Market Outlook Shape The Dollar Low Source: Watcher.Guru Fed Decision Maintains Dovish Stance The Federal Reserve is set to keep rates unchanged for the fifth straight meeting, and the US dollar low expectations are being raised as policymakers signal future cuts. The Fed interest rate decision reflects caution over trade uncertainties that could impact the US dollar index forecast going forward. Chair Powell has been emphasizing pat...

In the race to dominate institutional Bitcoin (BTC) holdings, BlackRock is rapidly pulling ahead of the pack. Through its iShares Bitcoin Trust (IBIT), the asset management giant has quietly built one of the largest BTC positions in the world. According to fresh data retrieved by Finbold from Arkham Intel, BlackRock now controls 665,938 BTC, currently valued at approximately $69.83 billion as of Friday, June 13, 2025. BlackRock Bitcoin holdings. Source: Arkham That position makes up an estimated 94.8% of BlackRock’s $73.66 billion crypto portfolio, showing a clear focus on Bitcoin over other digital assets, despite the firm’s daily purchases of Ethereum in the last two weeks. BlackRock is now the second-largest holder of Bitcoin globally With this level of accumulation, BlackRock has moved ahead of major players such as Binance and MicroStrategy. Its IBIT fund is now the second-largest holder of Bitcoin globally. Only the legendary wallet linked to Bitcoin’...