Cryptocurrency Live News & Updates : Inactive Bitcoin Address Transfers 61 BTC After 12 Years
Bitcoin’s recent recovery above the $100,000 mark comes after a significant sell-off triggered by escalating tensions in the Middle East, particularly following U.S. airstrikes on Iranian nuclear facilities. This geopolitical unrest led to a $40 billion loss in the cryptocurrency market and significant liquidations. Meanwhile, Ethereum and Solana also faced declines. In a separate development, Celestia co-founder John Adler proposed a Proof-of-Governance model aimed at reducing unnecessary token issuance for liquid staking tokens, potentially enhancing the protocol’s efficiency. Additionally, the Web3 security firm HashDit warned users about a compromised Cointelegraph website, advising caution. In related news, Iran’s Supreme Leader condemned the U.S. attacks, promising retaliation. Lastly, a cryptocurrency address experienced a major liquidation but has since re-entered the market with a leveraged long position on Bitcoin, indicating a potential recovery. These events highlight the volatility and interconnectedness of geopolitical events and cryptocurrency markets.
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