Bitcoin (BTC) traders expected a short-term bounce as a key BTC price metric sank to its lowest levels in almost three years. Data from Cointelegraph Markets Pro and TradingView revealed extremely “oversold” conditions on the BTC/USD relative strength index (RSI). Key takeaways: Bitcoin’s “most oversold” RSI, historically tied to major BTC price rallies, suggests a price…
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Bitcoin may have ended its historical four-year cycle, signaling an incoming year of downside, despite widespread analyst expectations for an extended cycle driven by regulatory tailwinds. Bitcoin’s (BTC) $125,000 all-time high on Oct. 6 may have signaled the top of the current four-year Bitcoin halving cycle, both in terms of “price and time,” according to…
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The administrator of Terraform Labs’ bankruptcy, Todd Snyder, has filed a lawsuit seeking $4 billion in damages from trading company Jump Trading and multiple executives. According to a Friday Wall Street Journal report, the lawsuit alleges that Jump Trading unlawfully profited from and contributed to the 2022 crash of Terra. Alongside the company, the suit…
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Bybit says it is returning to the United Kingdom after a two‑year pause with a new UK platform offering spot trading on 100 pairs and a peer‑to‑peer venue. The Dubai‑based exchange shut off local UK customers in late 2023 when the Financial Conduct Authority’s (FCA) tougher financial promotion rules kicked in. According to a press…
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Metaplanet, a Japanese Bitcoin treasury company, is set to begin trading in the United States via American Depositary Receipts (ADRs). Trading in Metaplanet’s ADRs is expected to start on Friday, with its shares listed in US dollars on the over-the-counter (OTC) market under the ticker symbol MPJPY, according to an announcement. “This directly reflects feedback…
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Coinbase is taking three US states to court in a bid to lock in federal protection for its planned prediction markets, opening a new front in the battle over whether event contracts are finance or gambling. The exchange has sued regulators in Connecticut, Illinois, and Michigan, asking federal judges to declare that prediction markets listed…
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Bitcoin (BTC) aimed for $88,000 on Friday after Japan’s central bank raised interest rates to 30-year highs. Key points: Bitcoin joins US stocks futures heading higher in a curiously bullish reaction to Japan’s interest-rate hike. Commentators argue that no further hikes will happen due to economic forces. Bitcoin continues to hammer out a bottom on…
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The US Senate has confirmed crypto-friendly lawyer Mike Selig as the new chair of the Commodity Futures Trading Commission and has elevated Travis Hill to chair the Federal Deposit Insurance Corp. The two confirmations were included in a package of nearly 100 other nominees that the Trump administration had selected for various roles across the…
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Key takeaways Libya’s cheap, subsidized electricity made it profitable to run even older, inefficient Bitcoin miners. At its peak, Libya is estimated to have generated around 0.6% of the global Bitcoin hash rate. Mining operates in a legal grey zone, with hardware imports banned but no clear law governing mining itself. Authorities now link illegal…
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The total crypto market capitalization has fallen to an eight-month low, wiping out all gains this year, as analysts remain bearish in the short-term. Total market capitalization fell to $2.93 trillion in late trading on Thursday, its lowest level since April, according to CoinGecko. The total market value of crypto has declined by around 33%…
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