A crypto analyst used Bollinger Bands and RSI data to argue Bitcoin’s bear market bottom will not pass under $55,000.
BitMine now holds over $10 billion in Ether, doubling down on its strategy to accumulate 5% of the supply despite being underwater on its total position.
Vanguard CEO Salim Ramji ruled out crypto ETFs on its platform in August, but consistent demand for crypto has seemingly changed his firm’s tune.
Bitcoin fudged the breakout to $93,000 as global TradFi markets stumbled and BTC spot investors failed to provide the necessary volume.
Bitcoin price stayed stuck near $91,000 due to weak ETF flows and cautious derivatives as stocks and gold rallied on rising rate-cut bets.
New research showed BTC price action on course to copy the 2022 bear market while risk-asset inflows showed signs of a bullish turnaround.
Strategy CEO Phong Le said Bitcoin would only be sold if the company’s stock fell below net asset value and funding options disappear, calling it a financial decision.
Japan’s 10-year bond yields surged to 1.86%, the highest since 2008, threatening to unwind the yen carry trade that funneled trillions into risk assets.
Bitcoin plunged nearly 5% to $86,950 in Sunday trading, triggering $539 million in liquidations after the asset endured its worst November performance since 2018.
Bitcoin miners caught a break on Thursday as difficulty dropped, but the relief may be short-lived if it rises in December, as forecast.