Kraken filed to go public Wednesday, the cryptocurrency exchange said, just hours after announcing a massive fundraising round valuing the company at $20 billion. The company said it confidentially submitted a draft S-1 registration form with the SEC to make an initial public offering (IPO) on Wall Street. Kraken said it has not yet determined
Another day, another sideways shuffle in the bitcoin ballroom. Prices are stuck doing the cha-cha between resistance and support zones while technical signals wave a cautious yellow flag from every timeframe. Bitcoin Chart Outlook From the daily chart, it’s hard to miss the dramatic descent from the glittering heights of $116,000. The drop has been
U.S. Treasury Secretary Scott Bessent has provided an update on when President Donald Trump may announce the next Fed Chair. This follows Trump’s statement that he may already have his pick to replace Jerome Powell, whose tenure ends next May. Crypto traders are currently betting against Trump making any announcement this year, but Kevin Hassett
Bitcoin price today trades near $91,450 after failing to defend the multi-month trendline that supported every rally since early 2024. The breakdown has shifted short-term momentum firmly toward sellers as spot outflows accelerate and daily EMAs flip into overhead resistance. Weekly Trendline Break Signals Deeper Pressure BTC Weekly Analysis (Source: TradingView) The weekly chart shows
Key Takeaways Bitcoin has dropped below a crucial bear-market cost-basis level as identified by Glassnode. Falling under this threshold signals Bitcoin is now in bear-market territory. Bitcoin dropped below a critical bear-market threshold, specifically the 0.75 cost-basis quantile, according to analysis from Glassnode, an on-chain analytics firm that provides data-driven insights into cryptocurrency markets. The
As the cryptocurrency market approaches the end of the year, Bitcoin continues to trade in a fragile zone just above the $90,000 level. Bitcoin Holds Above $90,000: Whales Continue Accumulating as Retail Sales Rise The current market structure is becoming increasingly vulnerable due to increased selling pressure from retail investors, high outflows from ETFs, and
Currency traders are spending more money than usual to shield themselves from sudden moves in the British pound as the UK prepares for its Autumn Budget on November 26. The cost of short-term insurance against these swings has jumped to heights not seen in months. Options contracts covering one week now show traders expect more
Bitcoin’s (BTC) current retreat now stands as the deepest correction of this market cycle, based on observations from an on-chain analyst. At the same time, sentiment has tanked. Analysts disagree on whether the market is entering a prolonged downturn or if a bottom will form soon. Bitcoin Faces Deepest Correction of the Cycle as Fear
BTC has put significant pressure on new buyers, with wallets aged less than 155 days carrying significant unrealized losses. For now, BTC has not shown signs of panic-selling even from those cohorts. Recent Bitcoin buyers are holding unrealized losses after buying at a high cost basis. Even the reserves of Strategy are underwater, with up
Have you been wondering what Bitcoin miners are really up to during this market volatility? Recent data reveals a surprising trend that could signal important changes ahead for cryptocurrency investors. According to CryptoQuant analyst Crazzyblockk, Bitcoin miners executed a net purchase of 777 BTC over the past seven days, marking a significant shift in their