Tag: Market

Abu Dhabi tripled Bitcoin ETF stake; then the market tanked

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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…

Voting on Crypto Market Bill by US Senate to Happen Next Month

Key Notes Scott accused Democrats of delaying the legislation, arguing that the crypto market bill is essential for stronger consumer protections. The Senate’s version of the bill seeks to clarify regulatory boundaries between the SEC and CFTC and define “ancillary assets”. Meanwhile, Coinbase CEO Brian Armstrong continues lobbying in Washington for quick passage. Tim Scott, the US Senate Banking Committee chair, said the committee will soon vote on the crypto market structure bill to bring clearer regulations to the industry. Since the bill covers both securities and commodities, it must…

3 Cryptos that Post Huge Gains Despite Bear Market: ChatGPT Version

Key Notes Several altcoins turned green on Nov. 19, signaling selective strength. Starknet led the rebound with a +26% surge. SPX6900 (+14%) and Kaspa (+2–3%) also bucked the downturn. . With Bitcoin BTC $91 847 24h volatility: 1.7% Market cap: $1.83 T Vol. 24h: $83.07 B testing fresh lows under $90,000 earlier this week and risk appetite fading across crypto, a handful of altcoins flashed green on Nov. 19. While Cloudflare is lagging, crypto stocks are burning red, and analysts are losing their minds, the only thing left for us…

Researcher Claims Coinbase Developing Kalshi Powered Prediction Market

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Crypto exchange Coinbase is working on creating a website for a prediction markets platform, according to a tech researcher who posted screenshots seemingly indicating it will be backed by Kalshi. Jane Manchun Wong, a tech researcher and blogger known for discovering in-development features on Big Tech sites, posted to X on Tuesday that Coinbase is “working on a prediction market,” and shared multiple screenshots apparently showing the platform. In one screenshot, it states that the prediction market is offered by Coinbase Financial Markets, the derivatives arm of Coinbase Global, through…

4 Bitcoin Indicators That Led To Market Rallies In The Last 2 Years Have Returned

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Crypto analyst Dom has revealed that four Bitcoin indicators that signalled the start of previous rallies have turned bullish again. This comes as BTC extends its decline, crashing below $90,000 for the first time in seven months.  Four Bitcoin Indicators Turn Bullish Amid Market Crash In an X post, Dom revealed that four indicators on Hyblock have started flashing bullish, and that these were the same setups that occurred during the last two major reversals. Specifically, he mentioned that these indicators pinpointed the $8,000 bounce in Bitcoin’s price last week,…

Crypto Veteran Urges Calm Amid Bitcoin Bear Market

Key Notes The Kobeissi Letter reassured investors that the Bitcoin bear market will pass. John Deaton agreed, pointing out several instances in which he suffered a bear BTC market. Bitcoin is down below $90k for the first time in months. Pro-XRP lawyer John Deaton made a post on X, pointing out how he has experienced several bear markets over the years. He pointed out that there was nothing fun about experiencing bear markets. All the same, the legal practitioner asserted that such situations “will pass.” I bought Bitcoin for the…

How Crypto Stocks React to Market Sell-Off

Key Notes Bitcoin’s drop below $90K and $1B in weekly ETF outflows triggered a broad sell-off across crypto-linked equities. Coinbase and MicroStrategy both slid, with MSTR extending its drawdown despite Saylor’s new 8,178 BTC purchase. Mining stocks showed mixed performance as hashprice plunged. On Nov. 18, Bitcoin BTC $90 905 24h volatility: 4.8% Market cap: $1.81 T Vol. 24h: $119.21 B   broke below $90k as risk appetite soured on rate-cut uncertainty, spilling into crypto-exposed equities. U.S. spot BTC ETFs saw heavy net outflows in early mid-November, with $1 billion…

Bitcoin enters death cross while market tests key levels

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Can Bitcoin regain momentum after forming a death cross, or will the setup echo the extended weakness seen in 2022? Summary Bitcoin has formed a death cross after falling below its 50-day and 200-day moving averages. Analyst Ali Martinez points to historical cycles and MVRV data to outline possible lower levels if weakness continues. Egrag Crypto disagrees, arguing that moving averages have lost reliability and that the market remains intact above long-term support. Bitcoin has entered a technical pattern commonly known as a death cross, as its short-term moving average…

Crypto Market Wipes Out $1 Trillion Since October: Analyzing The Forces Behind The Crash

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Since October 6, the crypto market has lost over $1.1 trillion in value. Analysts from The Bull Theory examined the underlying causes of this behavior and identified significant issues causing such poor performance in what was expected to be a bullish fourth quarter for the industry. Market Liquidity Stumbles Post-October 10 Sell-Off One of the primary factors cited is the severe damage inflicted on market liquidity following the dramatic sell-off on October 10, which resulted in more than $20 billion liquidated from traders in a matter of minutes.  This particularly…

Bitcoin and Crypto Market Near Bottom, Long Term Buying Opportunity

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Bitcoin could hit a bottom as soon as this week, according to BitMine chairman Tom Lee and Bitwise Asset Management chief investment officer Matt Hougan, as Bitcoin briefly dropped below $90,000, its lowest in seven months. During an interview on Monday with CNBC, Lee said crypto is suffering after the big liquidation event on Oct. 10, and traders are still nervous about whether the US Federal Reserve will cut rates in December.  “I think that’s all creating this downside pressure. But I think the good news is there are signs…