Bitcoin continues to extend losses, falling 4.27% over the past 24 hours to trade at $91,491. The decline brings its weekly drop to 12.9% and places additional pressure on short-term sentiment. At the beginning of the year, Bitcoin was trading at around $93,425. Based on current pricing, this marks a 2.07% year-to-date decrease. Therefore, an
The entire crypto market is bleeding after $Bitcoin dropped to $89,300.46, dragging altcoins into double-digit losses. If Bitcoin fails to reclaim 90K, analysts now warn of a deeper market-wide correction with a potential slide toward $82,000. BTC/USD price chart over the past 24 hours – TradingView Crypto Crash Reasons: Why are Cryptos Crashing 1. Massive
Robinhood stock price has pulled back in the past few days, moving from this month’s high of $150 to the current $115. It has formed a risky pattern, pointing to more downside in the coming weeks as the crypto market retreat continues. Robinhood stock faces potential risks ahead Copy link to section Robinhood stock has
Tether has made a strategic investment in Ledn, one of the foremost providers of bitcoin-backed consumer loans, in a move aimed at expanding access to credit secured by digital assets, the firm said in an emailed announcement on Tuesday. The size of the investment has not been disclosed. Tether declined to provide further details when
This time, Peter Schiff is criticizing Bitcoin once more, labeling it a fraud. The recent price collapse and Bitcoin’s performance in comparison to gold serve as the two pillars of his argument. Although it is noteworthy that Bitcoin fell below $90,000, a 28.5% decline from its peak, Schiff’s true concern is the gold ratio. Bitcoin’s
Can Bitcoin regain momentum after forming a death cross, or will the setup echo the extended weakness seen in 2022? Summary Bitcoin has formed a death cross after falling below its 50-day and 200-day moving averages. Analyst Ali Martinez points to historical cycles and MVRV data to outline possible lower levels if weakness continues. Egrag
Bitcoin trades far below energy cost models; mining pressures rise. Summary Bitcoin’s price is nearly 70% beneath its estimated fair value based on mining energy cost models, sparking concern among analysts tracking production economics. Technical data (MVRV Z-Score, Stochastic RSI) shows bearish momentum and recent declines, with historic signals pointing to possible accumulation periods. Miners
Futu Holdings posted a 144% jump in third-quarter profit, riding a wave of heightened trading activity in Hong Kong stocks and rapid expansion in cryptocurrency markets. The online brokerage reported net income of HK$3.22 billion ($413.5 million) for the three months ended September 30, compared with HK$1.32 billion a year earlier. Revenue climbed 86% to
Bitcoin (BTC) and altcoins are continuing their downward trend. At this point, Bitcoin has fallen below $90,000 for the first time in seven months, a decline that has dragged the entire cryptocurrency market into negative territory for the week. Analyzing the latest situation in BTC and altcoins, analysis platform Santiment said that data suggests it
Key takeaways BTC slipped below $90k a few hours ago but has rebounded and is now trading above $91k. The leading cryptocurrency could dip towards $85k if the selloff continues. The cryptocurrency market has continued its bearish performance in November as Bitcoin lost 5% of its value in the last 24 hours and temporarily dropped