Key Takeaways The Shanghai Composite Index dropped 1.5%, hitting its lowest level in a month. Fluctuations were primarily driven by the central bank maintaining its lending rates and uncertain market sentiments. The Shanghai Composite Index, China’s primary stock market benchmark, fell 1.5% during Friday’s session to reach its lowest point in a month. The index
Key Takeaways Bitcoin’s price dropped to $82,000, causing nearly $2 billion in leveraged liquidations. Sharp ETF outflows and a risk-off sentiment led to forced liquidations across the crypto market. Bitcoin’s price plummeted to $82,000 in the early hours of Friday, leading to almost $2 billion in leveraged liquidations across the crypto market in the past
The failed Bitcoin November pattern predicted a negative price move, according to prominent trader John Bollinger Veteran chartist John Bollinger recently took to the X social media network to explain why Bitcoin has plunged. Bollinger spotted a BTC/USD pattern in October that led the price toward the upper Bollinger Band. However, the pattern didn’t produce
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.