Key points: Bitcoin is in the middle of a textbook correction phase after all-time highs, Glassnode finds. For correction to flip to seller exhaustion, BTC price must drop to almost $104,000. Short-term holders are seeing significant profit changes within the current BTC price range. Bitcoin (BTC) is showing classic “post euphoria consolidation” as new analysis…
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Crypto traders have swung into more negative sentiment and deeper fear, uncertainty, and doubt (FUD), according to the onchain analytics platform Santiment, but analysts say it’s likely only temporary. Santiment said in an X post on Tuesday that with the price of Bitcoin (BTC) falling, and altcoins going through a retrace period, traders have been…
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Crypto exchange Gemini has upped its initial public offering ahead of its debut on Friday and is now aiming for a valuation exceeding $3 billion, showing growing investor interest in crypto-related companies. The updated prospectus, filed with the Securities and Exchange Commission on Tuesday, said that the Cameron and Tyler Winklevoss-founded firm now intends to…
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The Attorney General’s office in Washington, DC, has sued crypto ATM operator Athena Bitcoin, claiming it charged undisclosed fees on deposits the company knew were tied to scams and failed to put sufficient anti-fraud protections in place. DC Attorney General Brian Schwalb alleged on Monday that 93% of deposits on Athena in its first five…
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Cboe Global Markets plans to launch “continuous futures” contracts for Bitcoin and Ether, bringing a popular trading product from decentralized finance onto US markets. Cboe Global Markets, a derivatives exchange under the Chicago Board Options Exchange, said on Tuesday that it will launch the product on Nov. 10, pending regulatory review. The continuous futures in…
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Belarusian President Alexander Lukashenko has reportedly pushed the country’s banks to expand how they use crypto, admitting that sanctions have greatly impacted the economy. Lukashenko told the heads of Belarus’ central and commercial banks in a meeting that the use of digital tokens needs to be expanded, the state-owned Belarusian Telegraph Agency reported on Tuesday.…
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Shares in the marketing firm Asset Entities (ASST) rose 52% after-hours on Tuesday after its shareholders approved a merger with Vivek Ramaswamy’s Strive Enterprises to form a Bitcoin treasury company. Asset Entities said on Tuesday that a “strong majority” of shareholders voted for the merger with plans to raise $1.5 billion to buy Bitcoin (BTC).…
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Metaplanet, the Japanese hospitality and real estate group turned Bitcoin treasury company, said Tuesday it will issue 385 million new shares to expand its Bitcoin holdings and related businesses. The shares will be sold through an international offering outside Japan at 553 yen ($3.75) each, raising an estimated 212.9 billion yen ($1.44 billion), the company…
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Voters in the US state of Virginia’s 11th congressional district will choose a replacement for late Representative Gerry Connolly in a special election that could be influenced by money from the cryptocurrency industry. On Tuesday, Virginia residents who haven’t voted early head to the polls to decide whether to elect Democrat James Walkinshaw or Republican…
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Key takeaways: Potential Federal Reserve rate cuts into weak US jobs data could fuel Bitcoin’s next rally. BTC holds key support and eyes $129,000 after rebounding from its wedge pattern. Bitcoin (BTC) dropped below $111,000, mirroring declines in the US stock market after the Bureau of Labor Statistics (BLS) slashed 911,000 jobs from payroll data,…
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