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Wednesday, June 25, 2025

First Mover Americas: It’s Ugly in Crypto With $200M of Margin Calls, Founders Selling Homes and Comparisons to 2008 - Yahoo Finance

Don't miss CoinDesk's Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.
Good morning, and welcome to First Mover. I’m Lyllah Ledesma, here to take you through the latest in crypto markets, news and insights.
Price Point: Even as BTC appears to stabilize, a flurry of new developments among the crypto firms wrecked by the market turmoil continues to unfold.
Market Moves: How much more deleveraging in the crypto market needs to happen? JPMorgan’s Nikolaos Panigirtzoglou weighs in.
Price point
The fallout from this year's stunning plunge in cryptocurrency prices continues, even as bitcoin's price appeared to stabilize just below $20,000.
Bitcoin (BTC) was trading 1% up on the day, at around $19,100.
The world’s largest cryptocurrency by market capitalization is trading down 7% over the last seven days and ether (ETH) is also down by 12% over the last seven days.
Futures tracking BTC and ETH racked up nearly $200 million...



Read Full Story: https://finance.yahoo.com/news/first-mover-americas-ugly-crypto-133444926.html

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