Bitcoin recently flirted with the $100,000 milestone, hitting a high of $99,645, but its rally lost steam, dropping to $93,415—a sharp fall of over 6%. This correction has left investors questioning if this is just a breather or the start of a larger downturn.

Bitcoin is currently trading slightly above the $93k level and is down by more than one percent in the last 24 hours. The largest cryptocurrency has almost erased the majority of the gains made in the last seven days and is now failing to rise back above the $95k levels.

As Bitcoin (BTC) prices faced a correction on Tuesday, Dan Morehead, founder and managing partner of Pantera Capital, expressed optimism about the cryptocurrency's future. In a recent interview, he suggested that the current market challenges could be temporary and that the rally might not be over.

Flashbots has launched BuilderNet to address the current centralization in the Ethereum block-building process.

Bitcoin's market cap could hit $15 trillion if it reaches $740,000 per coin, Pantera CEO suggests, citing untapped blockchain adoption.

Cumulative open interest in perpetual and standard futures contracts has surged to a record 6.32 million ETH, worth over $27 billion. Activity in the ether options market listed on Deribit is also picking up, with over 2 million contracts active or open at press time, the highest since late June.

Bitcoin investors remain bullish despite a 10% correction, with exchange reserves hitting 2018 lows. On-chain metrics and technical analysis hint at a $100K target by 2024.

MicroStrategy's Bitcoin strategy is very simple: Raising debt to buy Bitcoin and selling shares at a premium to repeat the cycle. Until recently, it had been regarded as outstanding. At the start of November 21, the MicroStrategy price stood at a peak of $535.42. However, since then, it has sharply plummeted by over 33.94%.

Bitcoin price correction may continue further to $88,000 and below if it follows the Global M2 money supply correlation. BTC has already corrected more than 9% in the last four days following the rejection sub $100K level.

The crypto market today has been showing mixed signals, with a significant decline in the prices of numerous cryptocurrencies. The global crypto market cap is presently down by 1.89% in the past 24 hours, taking the numbers to $3.19 trillion.

The cryptocurrency market experienced a bearish trend on November 27, with major tokens like Bitcoin, Ethereum, Solana, and XRP seeing significant losses. However, Fantom and Algorand stood out, recording notable gains amidst the market turbulence. BTC, ETH, SOL, and XRP tokens decline The total crypto market cap has dropped by 2%, standing at $3.

Sky Mavis, the company behind Axie Infinity, is laying off 21% of its workforce as part of a strategic refocus. Laid-off Workers to Receive Job Placement Assistance Sky Mavis, the blockchain startup behind Axie Infinity, announced plans to lay off about 50 employees, or 21% of its workforce.

Bitcoin has taken a sharp $6,000 plunge in daily trading, pulling back after its remarkable rally over the past few weeks. The cryptocurrency recently surged from under $70,000 to nearly $100,000, marking one of its most dramatic climbs in history.

A Brazilian lawmaker has introduced a bill seeking to establish a bitcoin reserve to diversify the nation's financial assets.

Key Points:

Bitcoin, the largest cryptocurrency, has reversed course after flirting with the $100,000 mark. The digital asset reached an all-time high of $99,830 on November 22 but has since dropped over 8% to $91,377.32 as of Tuesday. As of 11:48 am IST on Wednesday, BTC stood at $93,099, according to CoinGecko.

The goal of the ETF is to give investors balanced exposure to the two largest cryptos in the world in an easy-to-access format.

The likelihood of Bitcoin surpassing $100,000 has risen to 45%, despite its recent pullback, according to recent onchain data.

Jim Cramer doubled down on his tip to buy crypto, saying he was “going to call the top by recommending it yet again.”

Morocco is poised to lift its long-standing ban on Bitcoin and cryptocurrencies, signaling a significant shift in the nation's financial policy. According to Reuters, Abdellatif Jouahri, the Governor of Bank Al-Maghrib (BAM), announced that a draft law regulating crypto assets is in the final stages of adoption.

Bitcoin price correction from its recent all-time high has sparked speculation within the crypto community, with many questioning if the bull run remains intact and what the next price move might be. Currently, BTC trades at a price below the $95,000 mark, down by nearly 7% from its all-time high above $99,000 recorded on November 22.

An analyst says Bitcoin's correlation with the global M2 suggests it could imminently drop 20%, but not all observers agree.

"I got a bunch of yahoos saying I called the top on crypto by recommending it," Cramer said Tuesday during a segment of Mad Money.

The crypto prices today have largely followed a concerning bearish trend. Bitcoin (BTC) witnessed a sharp drop, reaching the $91K level.

MARA Holdings says there will soon be a heated race among nations to gather Bitcoin, and the US needs to step up its game.

Bitcoin (BTCUSD) pared some of its gains after hitting a fresh all-time high of $99,800 due to profit booking and is currently trading around $92,387. Impact of Leverage Overheating Recent data shows that the cryptocurrency market is dealing with leverage overheating, meaning many traders are using borrowed money to invest, leading to high risk.

Ethereum price remained supported above the $3,220 zone. ETH is consolidating and might aim for a move above the $3,400 resistance.

Bitcoin has recently seen a significant drop in value, shedding 4% of its price and failing to hold onto the critical $100,000 support level. This fall, which saw Bitcoin trading as low as $92,785, has raised concerns among investors about the future of the world's most popular cryptocurrency.

Bitcoin recently dropped below $92,000 after briefly approaching $100,000, prompting a mix of concerns and optimism among analysts.

U.S. spot Bitcoin ETFs saw significant outflows on Monday, totaling $438 million, marking the end of a five-day period of inflows that had brought in nearly $3.4 billion.

Bitcoin (BTC) corporate adoption continues to gain momentum as video-sharing and cloud services platform Rumble recently unveiled a BTC treasury strategy. This move aligns with a growing trend of corporations worldwide embracing Bitcoin as a strategic asset.

South Korean prosecutors say they have seized Bitcoin (BTC) from a convicted crypto scam operator who targeted elderly citizens and North Korean defectors. The post South Korean Prosecutors Seize BTC From Fraudster Who Targeted the Elderly appeared first on Cryptonews.

The use case of Bitcoin has spread around the globe since El Salvador adopted it as a legal tender, the U.S. planned it for a national strategic reserve, and now Suriname.

SEC sets record $8.2B in fines, sparking debate on crypto enforcement as Ripple case remains notably absent.

Bitcoin's price is teetering on a critical support level as it navigates recent market turbulence.

Bitcoin's price has fallen sharply, dropping over 5.6% to $92,774 as of Nov. 26, following a historic high of $99,000 on Nov. 22.

Bitcoin (BTC) has recently experienced impressive gains, with a notable 46.59% rise in its monthly value, pushing its market capitalization to a remarkable $1.94 trillion. Despite this growth, Bitcoin's price has recently been trading within a relatively narrow range, leading some to speculate about its next major move.

Bitcoin price is correcting gains below the $95,000 support. BTC traded close to the $90,000 level and is currently consolidating near $92,500.

Prior to the ongoing correction in price, Bitcoin saw a surge. However, this was without retail trader involvement.

Financial analyst Jim Cramer endorsed owning cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) as a safeguard against government overspending and an ever-increasing deficit. What Happened: Cramer defended his pro-cryptocurrency stance, stating that the concerns over national debt are perpetual, CNBC reported Tuesday.

Bitcoin price momentum has grabbed significant attention as it gradually sheds some of its gains acquired in the past weeks. So far, Bitcoin has plunged 7.6% from its all-time high (ATH) of $99,645 seen last week.

Pantera Bitcoin Fund's jaw-dropping 1,000x return spotlights bitcoin's explosive potential, with founder Dan Morehead forecasting a transformative financial revolution yet to unfold.

In a sweeping move, Donald Trumps administration plans to shift regulatory authority over the $3 trillion crypto market to the Commodity Futures Trading Commission. The proposal focuses on Bitcoin and Ethereum, aiming to simplify rules and enhance oversight.

Bitcoin's rally toward $100,000 gains strength as stablecoin inflows into exchanges hit $213 million.

Since the day of its release, January 2024, Bitcoin ETF has seen a massive inflow from institutional investors, allowing it to diversify assets without owning Bitcoin on the crypto market.

Ethereum block builders Beaverbuild and Titan Builder have made around 88% of the blockchain's blocks in recent weeks, and now BuilderNet aims to disrupt that.

Bitcoin (BTC) can visit the zone below $88,000 before resuming its push towards the $100,000 threshold if further downside is registered, according to a Glassnode report.

Rumble has committed up to $20 million in bitcoin as a treasury asset, citing its potential as an inflation hedge and key to strategic expansion in the digital economy.