Institutional investors new to crypto may have been caught off guard by Bitcoin’s volatility, and has put downward pressure on its price, according to crypto entrepreneur and investor Anthony Pompliano. During an interview on CNBC’s Squawk Box on Monday, Pompliano said Bitcoin (BTC) draws down roughly once every 1.5 years, and the recent slump isn’t…
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Profitability across the Bitcoin mining industry is facing new strain amid rising network competition and declining revenue conditions. Bitcoin miners are facing a fresh squeeze as the network’s hashrate — a measure of the total computing power competing to secure the Bitcoin network — climbed to a record 1.16 ZH/s in October while Bitcoin’s (BTC)…
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The Financial Services Agency in Japan will reportedly require cryptocurrency exchanges to maintain liability reserves as part of measures to guard against hacks or unforeseen events. According to a Monday Nikkei report, Japan’s FSA will revise its requirements for local companies to include methods for quickly compensating users affected by security breaches or other causes.…
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Bitcoin (BTC) traders are navigating through one of the fastest capitulation events since late 2022, but one market analyst argued that historical data confirms that $80,000 was the bottom. Key takeaways: A Bitcoin analyst assigned a 91% probability that BTC will not see a weekly close below the current lows. NVT Golden Cross showed Bitcoin’s…
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Key points: Bitcoin is attempting a recovery from $80,600, which several analysts believe to be a bottom. Several altcoins are struggling to start a rebound, indicating a lack of demand from buyers. Bitcoin (BTC) dropped roughly 8% last week, but lower levels attracted buyers. The bulls are striving to push the price above $88,000 at…
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The cryptocurrency advocacy organization backed by Coinbase has started surveying federal and state candidates on their positions on digital assets ahead of the 2026 midterm elections in the United States. In a Monday notice shared with Cointelegraph, Stand With Crypto said it had sent a questionnaire to an unspecified number of candidates in state and…
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Bitcoin (BTC) held above $86,000 on Monday after recovering steadily over the weekend from Friday’s flush to $80,600, its lowest price since April. The rebound came as traditional markets opened the week on a cautious footing, with the US Dollar Index (DXY) steady above 100, hovering near a six-month high. Key takeaways: The US Dollar…
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Key points: Bitcoin should have bottomed out at $80,000 last week, according to former BitMEX CEO Arthur Hayes. Liquidity conditions are poised to turn in the crypto bulls’ favor, with the US Federal Reserve set to end QT. The buzz around future Fed rate-cut moves remains highly volatile. Bitcoin (BTC) should retain $80,000 support as…
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James Check, founder and lead analyst at Bitcoin onchain analysis service Checkonchain, said Monday that the quantum threat is more of a consensus problem than a technology issue. In a Monday X post, Check claimed that “there is no chance we come to consensus to freeze” Bitcoin (BTC) that is not moved to quantum-resistant addresses,…
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Cryptocurrency investment products have hit almost $5 billion in outflows over the past four weeks, but inflows during the final days of last week offered a small sign of improving sentiment. Crypto exchange-traded products (ETPs) saw $1.94 billion in outflows last week, a small decline from the $2 billion exodus the previous week, according to…
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