The Abu Dhabi Investment Council (ADIC) nearly tripled its exposure to Bitcoin during the third quarter through BlackRock’s spot Bitcoin fund, according to a recent report. Several market participants saw it as a signal that institutional interest in crypto is still gaining momentum in the United Arab Emirates. ADIC, an investment arm of Mubala Investment…
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Key takeaway: BTC derivatives metrics show traders taking precautions, but the data suggests traders are not reaching distressed levels yet. Bitcoin ETF outflows and tech sector weakness keep sentiment subdued, reducing confidence that Bitcoin can hold above $89,000. Bitcoin (BTC) retested the $89,000 level on Wednesday after an unsuccessful attempt to recover $93,500 in the…
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Michael Selig, who serves as chief counsel for the crypto task force at the US Securities and Exchange Commission, faced questions from lawmakers on the Senate Agriculture Committee for his nomination to be the next chair of the Commodity Futures Trading Commission. On Wednesday, Selig appeared before the committee and addressed questions and concerns from…
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Key takeaways: Bitcoin’s Supertrend indicator sent a “sell” signal that has led to a 77% price drop in the past. The crypto sentiment index in “extreme fear” suggests there is more pain ahead for Bitcoin investors. Bitcoin’s (BTC) SuperTrend indicator has sent a “sell” signal on its weekly chart, an occurrence that has historically marked…
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The odds of an interest rate cut at the December Federal Open Market Committee (FOMC) meeting have plunged to 33% as “extreme fear” grips the crypto market and the price of Bitcoin (BTC) dips below $89,000. Investors placed the odds of a December rate cut at about 67% during the first week of November, with…
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Key points: Bitcoin attempted a recovery on Tuesday, but the market open on Wednesday saw bears applying pressure at the intra-day range highs. Several altcoins are falling toward critical support levels, signaling that the bears remain in control. Buyers are trying to sustain Bitcoin (BTC) above the $90,000 level, but the bears continue to build…
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Key takeaways: Power-law modeling shows Bitcoin generates strong long-term returns regardless of precise entry timing. Global liquidity sits far above prior-cycle levels, supporting a more favorable macroeconomic backdrop. Bitcoin currently trades at an unusually deep discount relative to its liquidity trends, with its fair value near $170,000. A new Bitcoin (BTC) simulation suggests that long-term…
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Bitcoin’s (BTC) drawdown on Monday pushed the asset into a 26.7% loss, narrowly overtaking the 26.5% slide seen in April, and marking the steepest correction of the current bull market. The move red-lined multiple market structure indicators, suggesting the current correction could be a final leverage washout phase. Bitcoin bull market correction levels. Source: CryptoQuant…
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The US government’s ending of the shutdown and return to the normal legislative session may spark a surge in new crypto exchange-traded fund (ETF) approvals by the Securities and Exchange Commission (SEC) in 2026, according to market analysts. There is “huge” demand for crypto ETFs and exchange-traded products (ETPs), Matt Hougan, chief investment officer at…
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Bitcoin ATMs were spotted across major shopping malls in Nairobi days after Kenya implemented its first comprehensive cryptocurrency law, creating an immediate stress test for regulators who claim that no crypto provider is yet authorized to operate. Local media outlet Capital News reported that several major malls across Nairobi had new machines branded “Bankless Bitcoin”…
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