Late on Monday, October 12, Bitcoin [$BTC] prices dipped to $81k once again. Since then, $BTC has seen a 2.9% price bounce to $83.3k in 4 hours, as of the time of writing. The bounce shouldn’t fool market participants into going long. The net taker volume was negative once again, reported crypto analyst Maartunn. This
Bitcoin is approaching a bullish moving-average crossover on its three-day chart, drawing attention to a pattern that preceded substantial gains in three historical examples. The setup comes as analysts assess whether easing macroeconomic pressures and improving onchain indicators could help Bitcoin establish an October bottom. Bitcoin briefly dropped below $82,000 on Monday but has now
Bitcoin (BTC) could reach another record high above $150,000 in the coming years, with a long-term technical analysis projecting a potential cycle peak between $160,000 and $180,000 by early September 2029. In a TradingView post on October 12, analyst TradingShot identified a potential profit-taking zone based on Bitcoin’s historical cycle peaks and a rising trendline
JPMorgan Chase (NYSE: JPM) shares rose 1.71% to $340 in pre-market trading on Tuesday, despite the banking giant reporting its first quarterly earnings miss since late 2023, as weaker bond trading, a sequential decline in investment banking fees, and investment securities losses weighed on third-quarter results. The stock recovered after falling nearly 3% after the
Recently, after a long period of silence, there was increased activity in wallets linked to the US government, with billions of dollars worth of Bitcoin being transferred. At this point, the transfer of approximately $1.54 billion worth of Bitcoin and Wrapped Bitcoin (WBTC) from US government-affiliated wallets to Coinbase Prime has raised concerns about a
The IMF has raised concerns about increasing risks within financial markets, particularly due to advancements in AI, rising bond yields, and the growing threat of cyberattacks. In a recent tweet, the organization emphasized that while markets remain resilient, proactive policies are necessary to prevent larger shocks. This outlook underscores the urgency for regulators and financial
The Bank for International Settlements (BIS) said digital cash can offer privacy properties similar to cash, but highlighted remaining risks, including how potential bank data breaches may expose users’ personal data. While digital cash can achieve “cash-like privacy,” the technology stack is not yet “production ready,” wrote BIS in its Project Aurum Phase 2 report,
Strive has accelerated its bitcoin accumulation once again, acquiring 3,311 $BTC over the past week, which put its total treasury at 32,773 units. CEO Matt Coll also reported $208 million in warrant exercises as a key deadline for the remaining warrants approaches. This week’s purchase is significantly higher than the one announced last week, which
Federated Hermes (FHI), the Pittsburgh-based investment manager overseeing $911 billion in assets, plans to issue its first tokenized fund shares early next year, joining Wall Street’s growing push to bring traditional investments onto blockchain rails. The asset manager has partnered with plans to make the upcoming products available through traditional brokerages and financial advisers alongside
South Korea’s stock market suffered another sharp selloff on Tuesday, with the KOSPI falling 5.5% during Asian trading. The index is now roughly 38% below its June all-time high, extending a reversal that contrasts with bitcoin’s 40% recovery. Bitcoin bottomed near $58,000 shortly after the KOSPI peaked and has since rebounded as high as $87,000.