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.

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:

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.

As Bitcoin's price continues to fluctuate, several important metrics might be essential in determining the digital asset's next direction so that crypto enthusiasts and investors can position themselves for notable market shifts in the upcoming days.

Crypto markets are entering the week like a ticking bomb, primed by global macro pressures and critical technical levels.

Bitcoin has observed a plunge under the $93,000 level during the past day. Here's what the trend in an indicator suggests about what could be behind this downturn.

Cryptocurrency investment products saw a record weekly inflow of $3.13 billion over the past week, bringing their total year-to-date inflows to $37 billion as the crypto market rally keeps on going. According to CoinShares' latest Digital Asset Fund Flows weekly, Bitcoin investment products saw a total of $3.

Bitcoin is under pressure, with its price barely holding in the upper $90,000 range.

The U.S. Treasury Department recently reported that the national debt had surpassed the $36 trillion mark, reaching an all-time high. Analysts have spoken about the positive effects of a rising debt trend on bitcoin and how it would eventually trigger a devaluation of the U.S. dollar. U.S.

The stock market-listed Japanese firm Remixpoint will use its balance sheet to buy $3.2 million worth of Bitcoin (BTC). The post Japan's Remixpoint to Buy $3.2M Worth of BTC With Its Balance Sheet appeared first on Cryptonews.

NYSE Arca filed a 19b-4 Form to list a Bitwise exchange-traded product (ETP) offering direct spot exposure to Bitcoin (BTC) and Ethereum (ETH), weighted by their market capitalization. According to a Bitwise statement, the proposed Bitcoin-Ether ETP aims at simplifying portfolio allocation for investors seeking exposure to the crypto market's most established assets.

Bitcoin (BTC) is having a rough time, slipping below the $91,000 mark and hitting an intraday low of $90,742. The global crypto market has taken a 3.24% dip, bringing its total value down to $3.16 trillion as of Tuesday afternoon.

XRPs push to $2 by November is at a critical juncture, with analysts pointing to Bitcoins support as the deciding factor. If the rally sustains, XRP may not only hit $2 but also pave the way for double-digit gains.

The sell-off represents a reversal of whales buying hundreds of thousands of bitcoins in October, according to the same data set.

In an interview with CNBC on Monday, Fred Thiel, CEO of Marathon Digital Holdings (NASDAQ: MARA), shared his bullish outlook on Bitcoin. He emphasized the growing institutional interest and a favorable regulatory environment that could propel the BTC price to new highs.