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The Bitcoin price slid 3% in the past 24 hours to trade at $111,910 as of 3:51 a.m. EST on trading volume that plunged 23% to $73.3 billion. This comes as a whale investor, who earned close to $200 million by shorting Bitcoin and Ethereum just before Donald Trump’s tariff announcement against China on October 10, doubled down on another short against BTC with 10x leverage Data from Hypurrscan shows that a the whale trader and possible ”Trump insider’ with the address “0xb317” on the decentralized derivatives exchange Hyperliquid deposited $40 million in USDC. Shortly after that, the whale built a 10X short position in Bitcoin valued at around $340 million. Based on the account’s entry price of $116,009, it has already amassed more than $700,000 in unrealized profits.  BREAKING: TRUMP INSIDER WHALE IS NOW SHORT $340M $BTC The HyperUnit Bear Whale who shorted $700M of $BTC and $350M of $ETH right before Friday’s market crash (making ...

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A widely followed cryptocurrency analyst is issuing an alert, warning traders that altcoins appear poised to continue declining against Bitcoin (BTC). In a new thread, crypto trader Benjamin Cowen tells his 1 million followers on the social media platform X that US monetary policy will remain tight, suggesting that altcoin pairs versus the top crypto asset by market cap are heading to their range lows. “With the economy holding strong, it delays rate cuts and likely delays the end to QT [quantitative tightening]. This suggests that monetary policy will remain restrictive, continuing to support the idea that altcoin/BTC pairs are likely still heading to the range lows.” Source: Benjamin Cowen/X According to Cohen, during the last two summers, altcoin pairs versus BTC would rally before dipping during Q4, a move he believes could happen again. “The last 2 summers ALT/BTC pairs found some brief relief before heading lower into Q4. The larger bounc...

Sui Network dubbed the ‘Solana (SOL) killer,’ suffered a major outage on November 21, which halted block production for over an hour. The outage was reportedly caused by a bug in the network’s transaction scheduling logic, which caused the validator network to crash, an issue confirmed by Sui through an X post. The platform stated that the incident has been resolved. However, the outage raised questions after Sui went silent for almost two hours, during which no blocks were produced.  Picks for you $100,000 per Bitcoin ‘around the corner,' says expert 1 hour ago Satoshi Nakamoto is now the 18th richest person in the world 2 hours ago ...