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Publicly traded company CIMG Inc. has increased its holdings by 230 BTC, bringing its total holdings to 730 BTC.

2 hours ago

On December 17th, U.S.-listed specialty coffee technology firm CIMG Inc. announced it has used its own funds to acquire an additional 230 bitcoins, totaling approximately $24.61 million. Following the transaction, the company’s total bitcoin holdings have risen to 730 coins. CIMG noted the current digital asset market is in a “cooling-off period,” presenting a strategically meaningful entry point. Additionally, Bitcoin’s high liquidity helps preserve asset value.
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Bitcoin Falls Below $87,000

As of December 18th, per HTX market data, Bitcoin has fallen below $87,000 and is currently trading at $86,380, marking a 1.75% decline over the past 24 hours.

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Ethereum Briefly Drops Below $2900

On December 17, Ethereum briefly dipped below $2,900, notching a 2.02% 24-hour drop, per HTX market data.

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Bitcoin Faces 'Black Swan Event' Market Movement, Falls Below $88,000

Bitcoin experienced a flash crash on December 17. After briefly topping $90,000, it has since fallen below $88,000 and is currently trading at $87,333, with a 24-hour drop of 0.50%.

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The three major US stock indexes all turned lower, with the Nasdaq falling more than 1%.

On December 17, all three major U.S. stock indexes closed lower across the board. The Dow Jones Industrial Average declined 0.12%, the S&P 500 fell 0.67%, and the Nasdaq Composite dropped more than 1%. (Source: FXStreet)

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「HODLer」 Goes Long on Bitcoin with 40x Leverage, Currently Down 65%

December 17th — Per monitoring from HyperInsight (via its Telegram channel @HyperInsight), crypto whale Huang Licheng opened a 40x leveraged long position on Bitcoin. The position totals 17 BTC, with an entry price of $89,663.9 and a liquidation price of $35,504.5. This long position is now down 65%. The account’s total unrealized loss across its long positions has reached $52,000, having previously held unrealized gains of over $300,000.

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Bitcoin Drops Below $89,000

On December 17th, per HTX market data, Bitcoin dropped below $89,000, with its 24-hour percentage change narrowing to 1.81%.

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