BlackRock’s spot bitcoin ETF, IBIT, has registered record outflows this month amid a price slide and a sharp rise in the cost of bearish options used to hedge against further market declines. The Nasdaq-listed BlackRock Bitcoin ETF, IBIT, has recorded a net outflow of $1.26 billion so far this month, marking the largest monthly redemption
Mastercard (MA) has chosen Polygon to power a new system that lets people send crypto to verified usernames instead of long wallet addresses, the companies said on Tuesday. Mastercard Crypto Credential standardizes how blockchain addresses are verified by enabling human-readable aliases that correspond to a verified individual, the company said in a an emailed press
BitMEX founder Arthur Hayes said that the recent price declines in Bitcoin are not due to fundamental factors, but rather to the shrinkage of US dollar liquidity. Arthur Hayes: “Bitcoin’s Decline Is Due to Liquidity Tightness, Not a Fundamental Problem” According to Hayes, the market pullback isn’t due to a structural weakness in Bitcoin, as
The long-defunct Mt. Gox exchange initiated a significant bitcoin move on-chain Monday, transferring approximately 10,608 BTC, worth $950 million, to new wallet address, according to data from blockchain analytics firm Arkham Intelligence. The transfer unfolded at approximately 11:40 p.m. ET, with around 10,422 BTC sent to an unidentified address labeled “1ANkD…ojwyt,” while a smaller portion
Key Takeaways Bitcoin’s price dropped below $90,500, breaking key support levels. Heavy selling by long-term holders and large ETF outflows are driving the decline. Bitcoin dropped below $90,500 for the first time since April amid heavy selling pressure from long-term holders and ETF outflows that weakened market momentum. Traders are showing signs of capitulation as
Openledger has launched a $5 million grants initiative in partnership with the Cambridge University Blockchain Society to accelerate research and development in the decentralized AI ecosystem. Dedicated Funding for Core Decentralized AI Components Openledger has announced a $5 million grants initiative in partnership with the Cambridge University Blockchain Society. This long-term program, which is designed
Key Takeaways Bitcoin’s price fell below $90,000 amid heightened market volatility. The drop represents a significant downturn following recent record highs in the crypto market. Bitcoin fell to $89,700 after failing to hold below the $90,000 level on Monday, extending its slide and triggering roughly $947 million in leveraged liquidations over the past 24 hours,
Bitcoin could hit a bottom as soon as this week, according to BitMine chairman Tom Lee and Bitwise Asset Management chief investment officer Matt Hougan, as Bitcoin briefly dropped below $90,000, its lowest in seven months. During an interview on Monday with CNBC, Lee said crypto is suffering after the big liquidation event on Oct.
Bitcoin dropped below $90,000, intensifying a month-long decline that has wiped out its 2025 gains and shaken confidence across the digital-asset space. Summary Bitcoin fell below $90,000, marking a significant drop that has wiped out its 2025 gains, continuing a month-long downtrend from its October peak of over $126,000. The downturn is attributed to growing
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. A key technical indicator is flashing a signal that marked the slowdown in the bitcoin BTC$90,023.17 downtrend in February. BTC’s price fell below $90,000 early Tuesday, down 28% from the record high of over $126,000 reached early last month. With