DeFi Daily News
Saturday, June 28, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Markets Crypto Market

rewrite this title Crypto Suffers $1 Billion Flush As Musk-Trump Feud Shakes Bitcoin

Keshav Verma by Keshav Verma
June 7, 2025
in Crypto Market
0 0
0
rewrite this title Crypto Suffers  Billion Flush As Musk-Trump Feud Shakes Bitcoin
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1200 words and keep HTML tags

Data shows the cryptocurrency sector has seen a large amount of liquidations following the volatility that Bitcoin and others have gone through in the past day.

Bitcoin Has Seen A Rollercoaster Over The Last 24 Hours

The past day has been a wild time for Bitcoin and the cryptocurrency market as a whole as prices have displayed some notable volatility. BTC, especially, has gone through quite the rollercoaster, with its price seeing swings in both the up and down direction.

Below is a chart that shows how the recent price action has looked for the number one digital asset.

As is visible in the graph, the Bitcoin price first went down to a low of $100,400 from a high around $105,800 and then witnessed a recovery run back to $104,100.

The coin is still overall down during the past day, but its loss stands at less than 2%. The other cryptocurrencies haven’t been so lucky, as their prices haven’t quite retraced to the same degree. Ethereum is still down almost 6% and Dogecoin about 7%.

The volatile storm in the sector has come following a public feud between US President Donald Trump and Tesla founder Elon Musk. The spat began when the former said in an Oval Office meeting that he was ‘disappointed’ in the latter over his criticism of the One Big Beautiful Bill Act. Musk had previously called the bill a ‘disgusting abomination.’

The two let sparks fly on social media, with the SpaceX founder even accusing the President of being in the Epstein files. “That is the real reason they have not been made public,” said Musk in an X post.

Crypto Liquidations Have Neared A Billion

With all the volatility that has gripped Bitcoin and company during the past day, it’s only to be expected that the derivatives market would feel the impact. According to data from CoinGlass, a mass amount of liquidations have piled up on the various centralized exchanges.

“Liquidation” here naturally refers to the forceful closure that any open contract has to go through if it amasses losses of a certain percentage.

Bitcoin & Crypto Liquidations

As displayed in the table, the cryptocurrency market has seen liquidations amounting to a whopping $970 million over the last 24 hours. Out of these, a staggering $854 million, representing 88% of the total, came from the long investors alone. This is naturally down to the fact that prices as a whole have gone down during this window.

Like usual, Bitcoin and Ethereum have led the sector in liquidations, contributing $346 million and $286 million, respectively.

Bitcoin Vs Other Cryptos

A mass liquidation event is popularly known as a ‘squeeze.’ Considering that the longs have made up for an overwhelming majority of the latest event, it could be termed a long squeeze.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BillionBitcoinCryptoFeudFlushMuskTrumprewriteShakessufferstitle
ShareTweetShare
Previous Post

Stephen Miller: These are some of the most ‘heinous crimes’ I’ve ever seen

Next Post

rewrite this title ‘Tottenham legend forever’ – Spurs captain Son hails Postecoglou after sacking

Next Post
rewrite this title ‘Tottenham legend forever’ – Spurs captain Son hails Postecoglou after sacking

rewrite this title 'Tottenham legend forever' - Spurs captain Son hails Postecoglou after sacking

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title with good SEO Bitcoin Could Explode On Bessent’s 0 Billion Deregulation Shock

rewrite this title with good SEO Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

May 28, 2025
Boeing machinists refuse latest offer, prolonging bruising six-week strike

Boeing machinists refuse latest offer, prolonging bruising six-week strike

October 23, 2024
Crypto Analyst Reveals Six ‘Super-Cycle’ Tokens Set to Surge by 1000x in Value

Crypto Analyst Reveals Six ‘Super-Cycle’ Tokens Set to Surge by 1000x in Value

August 16, 2024
rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

rewrite this title Haliey Welch Breaks Silence on Hawk Tuah Coin Collapse

May 6, 2025
Proximus Group Partners with Infosys to Explore New Business Opportunities

Proximus Group Partners with Infosys to Explore New Business Opportunities

September 10, 2024
Mastering Crypto Mining: A Step-By-Step Guide

Mastering Crypto Mining: A Step-By-Step Guide

September 12, 2024
rewrite this title Ethereum Historical Pattern Hints At Potential ,000 Surge – Analyst

rewrite this title Ethereum Historical Pattern Hints At Potential $10,000 Surge – Analyst

June 28, 2025
rewrite this title 4 directions for The Judgment Day after WWE Night of Champions 2025

rewrite this title 4 directions for The Judgment Day after WWE Night of Champions 2025

June 28, 2025
rewrite this title Jayne Mansfield’s Death: How Mariska Hargitay’s Mom Died in 1967

rewrite this title Jayne Mansfield’s Death: How Mariska Hargitay’s Mom Died in 1967

June 28, 2025
rewrite this title Can China’s MiniMax-M1 AI Topple US Rivals? We Put It to the Test – Decrypt

rewrite this title Can China’s MiniMax-M1 AI Topple US Rivals? We Put It to the Test – Decrypt

June 28, 2025
rewrite this title Tesla says it delivered its first car autonomously from factory to customer

rewrite this title Tesla says it delivered its first car autonomously from factory to customer

June 28, 2025
rewrite this title with good SEO Here’s What Happens If Dogecoin Follows Previous Cycle Trends | Bitcoinist.com

rewrite this title with good SEO Here’s What Happens If Dogecoin Follows Previous Cycle Trends | Bitcoinist.com

June 28, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.