Richard Teng, the CEO of crypto exchange Binance, reportedly said Bitcoin’s volatility aligns with that seen in most major asset classes. According to a Friday Reuters report, Teng said during a media roundtable in Sydney that all asset classes go through different cycles and volatility. “What you’re seeing is not only happening to crypto prices,”…
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US spot Bitcoin exchange-traded funds saw another sharp reversal on Thursday, erasing a brief moment of relief earlier in the week. After breaking a five-day outflow streak with $75.4 million in inflows on Wednesday, the funds were hit with fresh redemptions of $903 million Thursday — the biggest outflow day in November and one of…
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Digital asset treasury companies could face “meaningful pressure” if the stock market index MSCI decides to exclude them in January, according to an analyst, who told Cointelegraph that this is likely. The MSCI Index announced in October that it was consulting with the investment community about whether to exclude Bitcoin (BTC) and other digital asset…
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The Bitcoin community lit up on Thursday after US Treasury Secretary Scott Bessent made an unannounced appearance at the launch of Washington’s new Bitcoin-themed bar, Pubkey. “Having the Secretary of the Treasury at the Pubkey DC launch seems like a moment I could easily look back on and say ‘wow, it was all so obvious,”…
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Key takeaways: Volatility and uncertainty in the Big Tech industry, along with concerns about Fed policy, pressured risk assets, driving Bitcoin’s correlation with the Nasdaq to its highest level in months. Crypto traders expect improved liquidity ahead as US fiscal pressures grow and Trump pushes a tariff-focused stimulus agenda. The tech-heavy Nasdaq Index experienced a…
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Veteran trader Peter Brandt said he doesn’t see Bitcoin reaching $200,000 before the end of the year as some crypto executives have predicted. In fact, he argues it may take nearly four more years to get there. “The next bull market in Bitcoin should take us to $200,000 or so. That should be in around…
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Crypto trader sentiment on social media is currently split right down the middle, with one side predicting a Bitcoin drop below $70,000 and the other expecting a rally to $130,000. Bitcoin (BTC) dipped below $87,000 on Thursday for the first time since April; however, “Social volume still shows a mixed bag of dip buy optimism…
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The recent downward pressure on the cryptocurrency market could be the result of deep holes in the balance sheets of market makers, according to Tom Lee, chairman of Ether treasury company BitMine. Speaking with CNBC on Thursday, Lee suggested that the Oct. 10 market crash, which saw a record $20 billion liquidated from the market,…
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Danielle Sassoon, one of the US attorneys behind the prosecution of former FTX CEO Sam “SBF” Bankman-Fried, took the stand in an evidentiary hearing involving a deal with one of the company’s executives. In a Thursday hearing in the US District Court for the Southern District of New York, Sassoon testified about the guilty plea…
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The US Securities and Exchange Commission’s Crypto Task Force has scheduled a roundtable discussion centered on privacy and financial surveillance for December, as a renewed focus on privacy grips the cryptocurrency industry. The privacy roundtable is slated for Dec. 15. Like other SEC roundtables, crypto industry executives and SEC officials will discuss common pain points…
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