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Geopolitical tensions and heavy selling pressure trigger massive liquidations as Bitcoin dips below key resistance.
Assad Jafri 2 min read 
Despite a 2% daily retraction, Bitcoin registered relatively strength, as major altcoins corrected up to 6% in the same period.
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Circle CEO Jeremy Allaire believes the stablecoins will soon be pushed into the mainstream following its own iPhone moment.
Taiwan has added Huawei and SMIC to its high-tech export blacklist, tightening controls amid US-China tech competition.
Despite the slight correction, Bitcoin is holding above the realized price of $106,900 registered by investors who bought BTC in the past 24 hours.
Volatility divergence pointed out as potential setup for larger moves if Bitcoin retests its all-time high near $112,000.
Bitcoin surges past $110k as institutional demand grows on back of strong ETF inflows amid easing geopolitical tensions.
The memecoins amassed over $355 million in daily trading volume, representing 64% of the $556 million registered in the past 24 hours.
