Members of the Bitcoin community and supporters of Strategy, the largest corporate holder of BTC, are criticizing JPMorgan’s proposed Bitcoin-backed notes, accusing the bank of spreading fear, uncertainty and doubt about Strategy and other crypto treasury firms. JPMorgan’s notes are a leveraged investment product tied to the price of Bitcoin (BTC). The product tracks BTC…
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Bitcoin (BTC) reclaimed $90,000 this week, but onchain data indicated that the move sat on shaky grounds. Despite a strong cost-basis cluster, demand, liquidity, and futures activity remained thin. Key takeaways: The $84,000 cost-basis cluster held 400,000 BTC, but spot demand above it remains shallow. BTC liquidity signals resembled the weakness seen in early 2022,…
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With Bitcoin sliding from its recent all-time high and market sentiment sinking into extreme fear, many investors are convinced the bull run is over. While social media is filled with predictions of a deep bear market and analysts claiming the next true bottom won’t arrive until 2026, trader Alessio Rastani sees a different picture. In…
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Bitcoin (BTC) avoided US selling pressure Thursday as US Thanksgiving provided bulls with key relief. Key points: Bitcoin retains $90,000 as support into the Thanksgiving weekend after hitting weekly highs. BTC price expectations flip bullish, with even $100,000 on the cards again. Futures markets show a leverage washout laying the foundations for a more sustainable…
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Visa is expanding its use of stablecoins for settlement in Central and Eastern Europe, the Middle East and Africa (CEMEA) through a new partnership with crypto infrastructure firm Aquanow. In an announcement Thursday, Visa said it partnered with Aquanow “to settle transactions using approved stablecoins such as USDC, reducing costs, operational friction, and settlement times.”…
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BlackRock’s spot Bitcoin exchange-traded fund (ETF) holders are back in profit after Bitcoin’s recovery above $90,000, an early sign that sentiment may be turning among one of the key investor groups driving the market this year. The holders of the largest spot Bitcoin (BTC) fund, BlackRock’s iShares Bitcoin Trust ETF (IBIT), bounced back to a…
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Representatives of European Union member states reached an agreement on Wednesday in the Council of the EU to move forward with the controversial “Chat Control” child sexual abuse regulation, which paves the way for new rules targeting abusive child sexual abuse material (CSAM) on messaging apps and other online services. “Every year, millions of files…
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Bitcoin (BTC) rallied 13% from multimonth lows at $80,000, reclaiming the $90,000 mark on Wednesday. This move came as a surprise as BTC repeated its historical pre-holiday rally, increasing hopes of a continued upward move going into Thanksgiving weekend. Key takeaways: Bitcoin stages a pre-Thanksgiving rally and seeks to defy its historical average return of…
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Terraform Labs co-founder Do Kwon asked a US judge to cap his prison time at five years for his role in the collapse of the Terra ecosystem, which erased about $40 billion from crypto markets in 2022. In a court filing on Wednesday, Kwon argued that a longer term would be excessive given the punishment…
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Equities and cryptocurrency markets may be setting up for a year-end reversal as liquidity improves and US monetary policy turns more supportive following the end of the record government shutdown. Improving market conditions will be driven by the increasing liquidity, which has already returned $70 billion into markets since the end of the US government…
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