Gold is up nearly 1% on Monday, while risk-on assets such as cryptos and stocks are down amid macro uncertainty. Gold futures contracts are trading at $4,262.35, just 2.95% below their record high of $4,381.44. The precious metal is within $130 of setting a new all-time peak. Bitcoin’s overnight crash has shrunk the total market
Gleec has acquired the entire Komodo Platform ecosystem in a $23.5 million deal, bringing one of crypto’s earliest atomic-swap and cross-chain technology stacks under the umbrella of a licensed financial services provider, the digital asset platform said in a press release on Monday. The purchase includes Komodo’s brand, tech suite, token infrastructure and core developers,
Earlier today, the price of Bitcoin, the leading cryptocurrency, plunged to an intraday low of $85,694, according to CoinGecko data. This comes after the People’s Bank of China (PBOC) vowed to intensify its crackdown on virtual currencies, stressing that cryptocurrency-related activities are considered illegal financial operations. The statement specifically singles out “stablecoins” (cryptocurrencies pegged to
Traders on prediction market Kalshi are turning cautious on Bitcoin near term upside. On December 1, the odds of BTC crossing $100,000 before the end of the year dropped to 36%. That is a sharp fall from earlier confidence levels seen just weeks ago. The drop reflects changing sentiment after recent market weakness. Kalshi contracts
Bitcoin price started a fresh decline from $92,000. BTC is down over 5% and the bulls are struggling to keep the price above $86,500. Bitcoin started a fresh decline below the $90,000 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend
Bitcoin nears historical support as veteran analyst Peter Brandt warns prices could slide toward lower channel levels. Bitcoin (BTC) is trading at $86,032, marking a 0.7% decline over the past seven days. After briefly testing levels above $92,000 earlier in the week, the asset has since reversed, losing momentum toward the end of the observed