Bitcoin has fallen sharply over the past several days, dropping to its lowest level in six months as bearish momentum strengthens. The decline has pushed BTC below key psychological thresholds and left traders preparing for additional downside. Yet despite the weakness, several indicators suggest a potential opportunity is emerging beneath the surface. Bitcoin Could Repeat
BitMine Immersion Technologies, the world’s largest corporate Ethereum (ETH) holder, is now facing over $4 billion in unrealized losses on its ETH holdings. The firm’s drawdown reflects wider turmoil for digital asset treasury (DAT) companies, prompting new questions about the sustainability of this business model. BitMine’s Mounting Losses Create ‘Hotel California’ Scenario In a recent
Dinari announced Thursday that it is integrating LayerZero, an interoperability protocol, enabling its tokenized U.S. stocks, known as dShares, to trade and settle across multiple blockchains. Dinari is an on-chain protocol offering tokenized securities trading with a total value locked of around $45 million, per DeFiLlama. The initial rollout covers four blockchains and 200 tokenized
Bitcoin has just witnessed a major sell activity as data from on-chain tracking firm Whale Alert reveals the massive sale of an old existing Bitcoin stash on Thursday, November 20. According to the tracker, an early Bitcoin whale, possibly from the Satoshi era, has successfully executed a massive Bitcoin sell-off worth a whopping $1.3 billion.
Due to the US government shutdown being one of the longest in history and the Fed not being able to access important data or providing it late, interest rate expectations for December are falling rapidly. In the face of increasing uncertainty, Bitcoin (BTC) and cryptocurrencies were unable to sustain the recovery provided by NVIDIA and
The 11 spot bitcoin BTC$85,533.71 exchange-traded funds (ETFs) listed in the U.S. have collectively registered outflows totaling $3.79 billion, marking the largest on record and surpassing the previous peak outflow of $3.56 billion in February. BlackRock’s bitcoin ETF, IBIT, the world’s largest publicly-listed fund, has seen redemptions exceeding $2 billion this month, according to data source SoSoValue.
Bitcoin (BTC) failed to sustain the recovery driven by NVIDIA amid mixed US employment data and rapidly declining expectations for a Fed interest rate cut. This caused Bitcoin to fall to $85,700, its lowest level since April. As the declines continue to deepen day by day, JPMorgan and VanEck analysts also evaluated the recent declines.
Bitcoin BTC$85,649.79 is not the only asset taking a beating this quarter. The Japanese yen (JPY) is also down 157.20 per U.S. dollar, a big move for a major fiat currency, prompting FX traders to await intervention from the Bank of Japan (BOJ) to stem the decline. But why are we discussing FX? It’s because,
Expectations of a US interest rate cut are once again on the agenda. Kay Haigh, managing director at Goldman Sachs Asset Management, said that recent soft employment data and inflation nearing target still make a December rate cut a strong possibility. According to Haigh, this situation creates room for Fed Chair Jerome Powell to maintain
Japanese Prime Minister Sanae Takaichi’s cabinet approved a multi-billion dollar stimulus package on Friday, delivering on the new leader’s promise to pursue an expansionary fiscal policy. The stimulus, worth JPY 21.3 trillion ($135.40 billion), includes general account outlays of JPY 17.7 trillion, significantly larger than last year’s JPY 13.9 trillion, representing the biggest fiscal bazooka