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news-imageJanuary 29, 2025

Mass Liquidations Hit Crypto Market Amid Bitcoin Crash

The cryptocurrency derivatives market has witnessed a significant liquidation event in the past 24 hours, with massive losses as Bitcoin and other major assets have plummeted in value. Data from CoinGlass reveals that a substantial amount of positions were forcibly closed due to exceeding their liquidation thresholds, leading to widespread market turmoil.
Publisher: The Currency Analytics
Sentiment: Negative
BTC

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cover-imageThe Currency Analytics
January 30, 2025

Czech National Bank Plans 5% Bitcoin Investment for Reserves

The Czech National Bank (CNB) is considering investing 5% of its €140 billion in foreign reserves into Bitcoin. If approved, this would make the Czech Republic one of the first major Western countries to include cryptocurrency as part of its official foreign reserve holdings.

Positive
cover-imageThe Currency Analytics
January 30, 2025

Bitcoin's Supply Squeeze Could Fuel Price Surge

Bitcoin (BTC) has been experiencing a strong accumulation phase, with nearly 4.85 million BTC withdrawn from exchanges since 2020. This surge in withdrawals highlights an increasing trend among investors to hold onto their Bitcoin, removing it from centralized exchanges (CEX) and signaling a belief in Bitcoin's long-term value.

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