Bitcoin jumped 4% as US equities dropped ahead of Nvidia’s earnings report, but onchain data noted weak institutional demand. Does data show BTC’s rebound as a sign of spot buying?
The investment from the stablecoin giant coincides with accelerating institutional interest and Wall Street participation in the crypto-backed loans sector.
In a recent Cointelegraph interview, Mark Yusko outlined the indicators pointing to a Bitcoin bear market and the forces shaping the road ahead.
Bitcoin and Ether ETFs saw another day of heavy withdrawals, while Solana ETFs maintained an uninterrupted inflow streak since launch.
HIVE Digital has reported record revenues for its latest quarter, spurred by rising Bitcoin prices and an expansion of its mining fleet.
On-chain data reveals the number of Bitcoin whales have been increasing since the start of October while the number of smaller wallets have reduced.
Bitwise’s Matt Hougan said a price bottom is coming soon and will present a “generational opportunity” and a “gift for long-term investors.”
LevelField could become the first crypto-friendly FDIC-insured bank to offer crypto services after receiving approval from the Illinois financial regulator to acquire Burling Bank.
Bitcoin attempted a recovery but is facing selling at higher levels, indicating that bears continue to sell on rallies.
The exchange’s 10-year Bitcoin and Ether contracts mimic perpetuals through daily cash adjustments, giving users a regulated way to trade crypto futures in the US.