Bitcoin drops to two-week low as $300 million in longs are liquidated
The crypto market tumbled to the lowest levels in more than two weeks, with bitcoin BTC $ 66.621,90 dropping below $67,000 and ether (ETH) closing in on $2,000.
The CoinDesk 20 Index (CD20) lost 2.2% since midnight UTC, reaching its lowest since March 9.
The fall coincided with a drop in U.S.
equities.
Nasdaq 100 futures are now trading at 23,760, 10% below this year's high from January.
The risk-off atmosphere was spurred by rising oil prices and fears that the war in Iran would not de-escalate as quickly as many had hoped.
Oil remains above $100 per barrel, stoking inflation concerns.
Sections of the altcoin market were harder hit on Friday, with the likes of ETHFI losing 6% since midnight.
WLD, WIF, SEI and FET all lost between 3.6% and 4.7%.
As stablecoins evolve into core financial infrastructure, North America leads.
This report maps the regulation, market shifts, and players driving adoption.
Stablecoins are entering their third phase of evolution – the institutionalization era – becoming increasingly embedded into core financial infrastructure.
As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing $1B in market cap within its first year.
North America, leading in regulatory frameworks and institutional distribution, is at the center of it all.
Margin feature is a departure from traditional prediction markets, which typically require fully collateralized positions, and comes as the industry sees growing trading volumes and investment.
