ARK Invest boosted its crypto-linked holdings, buying $5.8 million in BitMine and $2.9 million in Bullish shares amid market dip.
ARK Invest boosted its crypto-linked holdings, buying $5.8 million in BitMine and $2.9 million in Bullish shares amid market dip.
Eric Trump shrugs off an extended crypto sell-off as American Bitcoin ramps up its holdings and climbs into the top ranks of public BTC treasuries.
Strategy moves $5.7 billion in Bitcoin as its net asset value to its Bitcoin holdings drops below one for the first time, sparking valuation concerns amid marketwide speculation.
Bitcoin has seen bigger crashes during the current cycle, but investor sentiment is hovering near lows not seen since March.
Bitcoin lost multiple critical support areas as data show short-term investors holding on to capitulation-level losses, raising fears of a deeper breakdown in BTC price.
Major mining stocks dropped 20%–50% this week, erasing billions in value as the sector continued to lag Bitcoin’s latest pullback.
Nearly 67% of investors forecast an interest rate cut of 25 basis points in December when polled during the first week of November.
The weakness in the AI sector contributed to the crypto market downturn, as spot BTC ETF outflows and isolated selling sent Bitcoin price to a six-month low.
Crypto sentiment platform Santiment warned that when many people start calling a crypto market bottom, it’s wise to stay skeptical.
Although the crypto sentiment index hasn’t fallen this low in more than eight months, some analysts argue the situation isn’t as dire as it appears.