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CoinpediaFeb 14, 03:40 EST

Bitcoin (BTCUSD) Tumbles on Hedge Fund Blowup in BlackRock IBIT Options Market

Bitcoin plunged sharply on February 5 due to a hedge fund blowup in BlackRock’s IBIT options market, causing a volatility spike and forced liquidations, rather than a normal spot sell-off.

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CointelegraphJan 30, 13:53 EST

Bitcoin (BTCUSD) Dives Amid Record Liquidations and Fed Chair Nomination Uncertainty

Bitcoin's sharp sell-off pushed its market cap below $1.65 trillion, facing its largest forced liquidation. Despite macro support, BTC underperformed risk and safe-haven assets amid Fed speculation a…

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