# Bitcoin
Latest news and articles about Bitcoin
Total: 26 articles found
Typo, Turmoil: Bithumb's 'Won‑for‑Bitcoin' Error Sparks $40bn Flash Crash and Regulatory Sweep
A data‑entry error at South Korean crypto exchange Bithumb led to hundreds of user accounts being mistakenly credited with very large bitcoin balances, triggering a brief 17% price plunge on the platform. Bithumb said it recovered 99.7% of the coins, will compensate affected customers, and now faces regulatory reviews that could strengthen oversight of exchanges worldwide.
A Staggering Human Error Rocked Crypto Markets: Bithumb’s ‘Unit Mistake’ and the Fragility of Exchange Custody
A unit‑entry error at Bithumb turned routine promotional payouts into an apparent 620,000 BTC airdrop, briefly creating nominal balances worth tens of billions of dollars and triggering a market dip. Most coins were frozen and reclaimed; regulators have launched on‑site inspections and Bithumb has pledged full compensation to affected users while promising tighter controls.
Bitcoin Reclaims $68,000 After Midweek Rout — Rebound, Not Relief
Bitcoin breached $68,000 on Feb. 6, extending a rebound after a sharp midweek sell‑off. The recovery reflects mechanical short‑covering amid high leverage, but volatility and liquidation risk mean the rally may be fragile.
Bitcoin Flash Crash Wipes Out Hundreds of Thousands of Leveraged Positions in 24 Hours
A sudden Bitcoin sell-off in early February triggered a cascade of forced liquidations, with a NetEase post reporting over 580,000 wiped‑out positions in 24 hours and other counts near 186,400 when BTC slipped below $70,000. The episode underlines how heavy leverage and thin liquidity can amplify corrections and will likely spur calls for tougher risk controls across the crypto ecosystem.
Tech Earnings and Memory Shortages Trigger Global Risk-Off; Crypto and Silver Plummet as Chinese Stocks Buck the Trend
A sharp risk-off episode on February 5–6 swept US equities, precious metals and cryptocurrencies after mixed earnings and worrying guidance from chip suppliers. Microsoft lost about $152 billion in market value, spot silver plunged nearly 20%, and bitcoin fell over 14% as more than 430,000 leveraged crypto positions were liquidated. Chinese ADRs bucked the trend, posting gains in a selective rally.
Bitcoin Sinks Below $65,000 as Leverage Unwinds and Selling Accelerates
Bitcoin fell below $65,000 as leveraged positions were forcibly closed and market turbulence accelerated a four‑month sell‑off. The drop, roughly half from October’s highs above $126,000, highlights structural risks from concentrated leverage and raises questions about liquidity and regulatory safeguards in crypto markets.
Bitcoin Plummets Below $65,000 as Leverage-Unwind Sparks Fresh Crypto Rout
Bitcoin tumbled below $65,000 on 6 February amid a rapid unwind of leveraged positions, dragging ether down more than 15% to multi-month lows. The sell-off — part of a four-month correction that has erased nearly half of bitcoin’s October peak — highlights persistent leverage and liquidity fragilities in crypto markets and raises the prospect of wider market and regulatory consequences.
Bitcoin Sinks Below $67,000 in a Sudden 24‑Hour Sell-Off
Bitcoin plunged to about $66,928 on 5 February, falling more than 10% in 24 hours and breaching the $67,000 level. The move highlights the market's sensitivity to liquidity squeezes and broader risk‑off sentiment and raises questions about how durable recent gains are.
Bitcoin Slides Below $68,000 as Crypto Markets Face Fresh Volatility
Bitcoin fell to $67,995.90 on 5 February 2026, down 8.86% in 24 hours, slipping under the psychological $68,000 level. The drop highlights crypto’s continued susceptibility to rapid sentiment changes and raises questions about liquidity, leverage and bitcoin’s evolving relationship with traditional risk assets.
Warsh Nomination and Dollar Surge Trigger a Global Sell-Off — Crypto and Metals Bear the Brunt
Markets roiled after President Trump nominated Kevin Warsh as his choice for Fed chair, sending the dollar higher and triggering a synchronized sell‑off across cryptocurrencies and precious metals. The move exposed thin liquidity and crowded positioning: bitcoin and ethereum fell sharply and metals suffered dramatic one‑day losses as traders repositioned for a potentially hawkish Fed.
Bitcoin Retreats Below $77,000 as Crypto Markets See a Mid‑Day Pullback
Bitcoin fell below $77,000 on Feb. 1, slipping 2.23% intraday. The drop underlines the continued volatility of digital‑asset markets and highlights the risk that leverage and derivatives can magnify price moves, posing challenges for investors and regulators alike.
Bitcoin Plunges Below $79,000 as $111bn Evaporates and 420,000+ Traders Are Liquidated
Bitcoin tumbled below $79,000 on February 1, wiping about $111 billion from the crypto market and triggering over 420,000 forced liquidations worth roughly $2.56 billion. The sell-off reflects thin liquidity, stalled U.S. regulatory clarity, muted institutional interest and mixed geopolitical signals, all of which undermine bitcoin’s appeal as a safe-haven or inflation hedge.