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Bitcoin (BTC) fell about 4% on the morning of the 2nd, dropping to $60,000, on the news of the military clash between Israel and Iran. On the 1st, Iran launched a large-scale ballistic missile attack targeting Israel. Israel threatened retaliation against Iran, heightening the war crisis in the Middle East, and Bitcoin also fell weakly along with the decline in asset markets including the U.S. stock market.
2. Bitcoin futures market liquidation amount hits 655.9 billion won
It was revealed that the liquidation amount in the Bitcoin futures market was recorded at 495 million dollars (about 655.9 billion won) due to the sharp drop in the Bitcoin price. According to data from the on-chain analysis platform Coinglass on the 2nd, about 312 million dollars (about 413.4 billion won) of funds deposited for rising (long) bets were liquidated due to the sharp drop in Bitcoin. The long-term liquidation amount of Bitcoin was recorded at about 416.6 million dollars, and the short-term liquidation amount was recorded at about 73 million dollars.
3. Bitwise, Ripple Investment Trust Product Registration
It has been announced that global asset management company Bitwise has registered a Ripple (XRP) investment trust product on the Delaware corporate registration website in the United States. A Bitwise spokesperson revealed in multiple media interviews on the 2nd that the Ripple investment trust product was registered in Delaware on the 30th of last month through an independent corporation.
4. Ripple Obtains Cross-Border Payments License in Dubai
Ripple announced on the 1st that it has obtained a cross-border payments license from the Dubai Financial Services Authority (DFSA) and will provide Ripple’s own international payment service to corporate clients. Ripple announced in an official statement that it will introduce ‘Ripple Payments Direct’ in Dubai to provide a low-cost and efficient international payment service.
5. Arthur Hayes: “Bitcoin Will Reach $580,000”
Arthur Hayes, CEO of BitMEX, predicted in a media interview on the 1st that Bitcoin will eventually reach $586,500 due to the monetary policies of governments around the world. He explained that Bitcoin's value will continue to rise due to the global monetary policy of issuing a large amount of currency and the resulting global economic instability.
Reporter Kwon Seung-won ksw@
