Abu Dhabi tripled Bitcoin ETF stake; then the market tanked

The Abu Dhabi Investment Council (ADIC) significantly expanded its exposure to Bitcoin during the third quarter, tripling its stake in BlackRock’s iShares Bitcoin Trust (IBIT) ETF just before the cryptocurrency market experienced a sharp downturn. Summary Sam Bankman-Fried’s legal team will appear before the 2nd U.S. Circuit Court of Appeals to argue his FTX fraud conviction should be overturned. The defense claims the trial judge blocked evidence showing FTX had enough assets to cover withdrawals, which could have changed the jury’s verdict. SBF maintains that FTX’s downfall was caused by…

Bitcoin price revisits $90,000 support, a level tied to the previous bottom, reversal forming?

Bitcoin price has returned to the key $90,000 support level that marked the previous cycle bottom, raising the possibility of a reversal if buyers can defend this region with strength. Summary $90,000 aligns with the channel low and value area low Retest mirrors the previous market bottom structure Holding support opens the probability of a move toward $135,000 Bitcoin (BTC) is once again approaching a significant moment in its macrostructure as price retests the $90,000 support level, a zone that defined the previous major bottom in the broader trading channel.…

Michael Saylor says Strategy can endure deep Bitcoin drop

Michael Saylor said Bitcoin’s falling volatility shows a maturing market and insists Strategy is built to withstand significant drawdown without breaking stride. Summary Saylor says Bitcoin’s volatility is falling and the market is maturing. He claims Strategy is built to withstand an 80–90% BTC decline. Strategy keeps buying Bitcoin as institutions grow their exposure. Michael Saylor noted that the recent pullback in Bitcoin does not change his outlook and that Strategy can handle even an extreme decline.  In a Nov. 18 Fox Business interview, he said Bitcoin’s (BTC) volatility has…

New Hampshire launches first Bitcoin-backed municipal bond in the US

New Hampshire has once again notched the first position among other U.S. states after launching a Bitcoin-backed municipal bond. Summary New Hampshire has approved a $100 million Bitcoin-backed conduit bond. BitGo will act as a third-party custodian while New Hampshire’s Business Finance Authority will oversee the bond. New Hampshire’s business financing agency, the Business Finance Authority, signed the approval on Nov 17 to authorize a “first of its kind $100 million Bitcoin backed conduit bond,” according to a report from journalist Eleanor Terrett. Typically, municipal bonds are backed either by…

Bitcoin Poised for Rebound With Leverage Purge, Macro Shifts, and Rising Confidence

Bitcoin’s sharp downturn is resetting overstretched leverage, clearing the way for stronger structural momentum as markets shake out excess risk and position for renewed confidence amid enduring digital-asset resilience and optimism across AI and tech. Crypto Shakeout Resets Market Dynamics A sweeping shakeout in leveraged crypto positions is pressuring global risk sentiment as liquidations cascade […] Original

Bitcoin Pauses Decline and Moves Into Consolidation Near Key Levels

Bitcoin price found support near $89,250. BTC is now correcting some losses but faces many hurdles near $93,500 and $94,200. Bitcoin started a fresh decline below $94,000 and $93,500. The price is trading below $93,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $94,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $90,700 zone. Bitcoin Price Attempts Recovery Bitcoin price failed to stay in a…