Bitcoin futures flip negative for the first time since March as internal flows surge and the market downturn deepens.
Bitcoin futures flip negative for the first time since March as internal flows surge and the market downturn deepens.
Despite a $1 trillion crypto wipeout, a Coinbase executive said Bitcoin’s decline is structural and not bearish since few fundamentals have changed since its September price peak.
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.
Bitcoin attempted a recovery but is facing selling at higher levels, indicating that bears continue to sell on rallies.
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.
Bitwise’s Matt Hougan said a price bottom is coming soon and will present a “generational opportunity” and a “gift for long-term investors.”
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.
HIVE Digital has reported record revenues for its latest quarter, spurred by rising Bitcoin prices and an expansion of its mining fleet.
Bitcoin and Ether ETFs saw another day of heavy withdrawals, while Solana ETFs maintained an uninterrupted inflow streak since launch.
With just under 2 million Bitcoin that will ever be mined from here on out, Bitcoin’s “real story” is about to unfold.