Crypto Bloodbath on Trade War, Largest Liquidations ever, Altcoins down 50%+
Crypto crashes as US trade war set to begin. Most liquidations ever at $2.3bn. ETH falls 35%, leads losses in majors. BTC dominance nears 4-yr high. February to see $3bn of unlocks led by SOL. Stablecoin TVL hits new record $218bn. HYPE leads altcoins on buybacks from liquidations. Asian crypto stocks plunge, led by Metaplanet. Crypto bubble will inevitably collapse: Elliot. BTC ETFs could pull in $50bn+ in 2025: Bitwise. MicroStrategy raises $563m to buy BTC. India reviewing crypto stance. South Korea’s BTC Kimchi premium at 3 yr high. Tether reports $13bn of profit. Utah could be first state to pass BTC reserve bill. XRP omitted from HK’s approved cryptos list. Coinbase acquires ads platform Spindl. UBS tests blockchain for digital gold investments. Thailand plans new token trading platform. Stablecoins finding ‘product-market fit’ in EM. Uniswap launches v4 upgrade. RUNE hits 5 year low on bankruptcy fears.
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