Browsing: Crypto

Anyone who opened a crypto account before 2026 will hear from their exchange over the coming months. What it asks for is a tax self-certification: your country of tax residence, your tax identification number, and a confirmation that the details are correct. Ignore it and you do not lose your balance, but you do lose…

More than $1 billion of Bitcoin short positions were liquidated in about an hour, according to data from Coinglass, underscoring the speed of Wednesday’s reversal that pushed the largest cryptocurrency to around $69,500. Bloomberg August 20, 2026 / 11:21 IST Representation of cryptocurrencies is seen in this illustration. (Courtesy: Reuters photo)

The cryptocurrency derivatives market experienced a sharp spike in volatility over the past hour, with approximately $379 million worth of futures positions liquidated across major exchanges. Data aggregated from trading platforms shows that the broader 24-hour liquidation figure has reached $2.365 billion, underscoring the intense price swings currently gripping digital assets.

The crypto market is trading slightly higher as improving investor sentiment, strong ETF inflows, and anticipation surrounding President Donald Trump’s meeting with crypto executives support Bitcoin and major altcoins.

Bitcoin surged above $66,500 for the first time since July, supported by fresh US crypto regulatory developments, renewed spot Bitcoin ETF inflows and a significant technical breakout. Bitwise Chief Investment Officer Matt Hougan described the latest developments as creating an increasingly bullish environment for Bitcoin and the broader cryptocurrency market.