What's the latest crypto news?
Asked 10 days ago
Answer
Bitcoin and the broader crypto market have experienced a sharp sell-off following U.S. airstrikes on Iranian nuclear sites, with Bitcoin dropping below $99,000 and other major cryptocurrencies like Ether, Solana, XRP, and Dogecoin also seeing significant declines. Over $1 billion in crypto positions were liquidated, mostly from bullish long positions, as traders reacted to increased geopolitical risk and inflation concerns. Additionally, Republican senators have unveiled a new legislative framework for crypto regulation in the U.S., aiming to clarify the rules for digital assets and address issues like money laundering and sanctions evasion.
References
Republican senators, including Tim Scott and Cynthia Lummis, have introduced a legislative framework for crypto regulation, defining digital assets and proposing measures to reduce regulatory burdens and address money laundering and sanctions evasion.
Bitcoin fell below $99,000, its lowest in over a month, after U.S. bombers struck Iranian nuclear sites. This triggered a sharp sell-off across the crypto market, with Ether, Solana, XRP, and Dogecoin also experiencing significant declines.