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A crypto whale has taken a highly leveraged position on Bitcoin, betting that the price of the cryptocurrency will continue to fall. Using the decentralized exchange Hyperliquid, the whale has placed a short position worth approximately $521 million, with a staggering 40x leverage applied. This means that if Bitcoin’s price rises just 1.75%, from its … Read more

Crypto markets saw a significant uptick on Monday, with Bitcoin (BTC) surpassing $84,000, as positive sentiment from U.S. stock markets extended its influence, buoying risk assets across the board. The largest cryptocurrency saw a notable gain, as the broader crypto market rose by 1.8%. The CoinDesk 20 Index, which tracks the performance of major cryptocurrencies, … Read more