Bookmarking Crypto Insights
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It’s been a choppy week across crypto assets, with bitcoin sliding more than 13% over the past 30 days. This downswing delivered the first October in six years to close in the red, and November has already notched double-digit declines. Adding to the timing, the slump arrives just as McDonald’s brings back the infamous McRib … Read more
There’s no sugarcoating it— bitcoin is clinging to the cliff’s edge at $91,200, balancing between a crucial support at $89,000 and a failed launch pad near $95,000. With a 24-hour price rollercoaster stretching from $89,189 to $95,418 and a staggering $122.74 billion in trading volume, the crypto king is drawing a crowd, but not exactly … Read more
The crypto market cap plunged to $3.15 trillion on Nov. 17, driven by a global market rout intensified by fears of an AI bubble burst, a concern echoed by Alphabet CEO Sundar Pichai. Economist Tracy Shuchart argued the decline was inevitable due to the collapse of BTC’s recent macro narrative. Bitcoin’s Correction and Liquidation Cascade … Read more
El Salvador added nearly 1,100 BTC to its reserves over the past seven days, taking advantage of low prices from the recent market downturn. Bukele reported the purchases on social media and celebrated the development, but the move raises concerns about compliance with the IMF agreement. El Salvador Purchases 1,098 Bitcoin, Strategic Reserve Reaches 7,474 … Read more
Bitcoin continued its downtrend on Monday night, falling under $90K for the first time in seven months as a bearish sentiment gets hold of the crypto market. Even with the recent downturn and the tailwinds the industry is facing, bulls keep being positive. Bitcoin Falls Under $90K as Markets Get Into Panic Mode Bitcoin has … Read more
Over the past seven days, about $450 billion has vanished from the crypto economy as it slid from $3.57 trillion on Nov. 10 to $3.12 trillion by 4 p.m. Eastern time on Monday. Even after a year filled with fresh all-time highs, plenty of tokens are now sitting a cool 25% to 50% beneath the … Read more
Japan’s financial regulator is preparing a sweeping overhaul of its crypto taxation framework by proposing to classify 105 digital assets, including bitcoin and ether, as financial products. If approved, the move would cut tax rates for many crypto traders and introduce new insider trading safeguards. FSA Moves Toward Reclassifying Crypto Assets as Financial Products Japan … Read more
“If you’re going to be a bitcoin investor, you need a 4-year time horizon and you need to be prepared to handle the volatility in this market,” said Strategy Chairman Michael Saylor. Bitcoin Struggles, but Saylor Doubles Down At a time when skeptics are projecting gloom and doom over bitcoin’s sinking price, Michael Saylor, Chairman … Read more
On Monday, bitcoin drifted between $93,029 and $95,903 per coin, dipping into territory it hasn’t touched since May. While traders braced for the slide, South Korea’s crypto market has kept things spicy with a premium that’s been holding strong since mid-September, peaking at 8.27%. At the moment, BTC is fetching $2,413 more in South Korea … Read more
Cboe is gearing up to launch bitcoin and ether continuous futures this December, introducing long-term, perpetual-style contracts designed to offer crypto exposure without the headache of constant rolls. U.S. Traders Get Perpetual-Style Bitcoin and Ether Futures via Cboe in December Cboe Global Markets plans to roll out bitcoin and ether continuous futures on Dec. 15, … Read more