Bitcoin took a tumble today, hitting an intraday low of $92,584 per coin—a noticeable drop from its earlier perch at $98,000. Bitcoin Slips 4.6% to $92.5K as $118M in Long Positions Gets Wiped Out By 7:36 p.m. EDT, bitcoin (BTC) was down 4.6% against the U.S. dollar.
The crypto market witnessed a significant milestone last week as investment products recorded roughly $3.13 billion in net inflows globally, primarily driven by US spot Bitcoin exchange-traded funds (ETFs), according to data from CoinShares. This surge highlights growing institutional interest and confidence in the crypto market, with Bitcoin leading the charge.
Traders have witnessed a massive half-billion dollar amount of crypto liquidations in a day after Bitcoin dropped to its lowest price in the past week. According to Coinglass's data on Nov.
Defying skeptics, Bitcoin (BTC) has nearly reached the once-unimaginable $100,000 milestone after trading at $0.0009 in 2009.
Ripple advances tokenized finance with the first money market fund on XRP Ledger, redefining efficiency in real-world asset tokenization and institutional Defi.
Watch Daily: Monday - Friday, 3 PM ET
Ethereum reclaimed the top position against Tron on Nov. 21, and the gap has only widened since.
Investor optimism was sparked by Shiba Inu's recent successful breakout from its consolidation phase. Despite this, there has not been a noticeable acceleration in price movement, suggesting that the rally has stalled.
A strong and decisive move above $1.5 could set XRP to hit the immediate target of $2.
Rumble has become the latest company to confirm plans to add Bitcoin to its balance sheet after its CEO teased the idea on social media on Nov. 20.
ZA Bank combines traditional banking with digital assets to offer cryptocurrency services to retail users. Bitcoin Trading for Retail Customers in Asia Zhong An (ZA) Bank, a digital bank in Hong Kong, has declared that it has become the first bank in Asia to provide retail customers with bitcoin trading services.
Market makers may be intentionally driving prices down to trigger a liquidation of leveraged longs, Decrypt was told.
To kick things off, Ripple's XRP Ledge will tokenize asset manager asset manager abrdn's $4.77 billion US dollar Liquidity Fund.
Ripple Labs has introduced the first tokenized money market fund on the XRP Ledger (XRPL). The initiative, in partnership with Archax and UK-based asset manager abrdn, signifies a notable advancement in the tokenization of real-world assets (RWA) and the expansion of institutional decentralized finance (DeFi) for the XRP ledger ecosystem.
Bitcoin continues to flirt with $100,000, Binance has emerged as a dominant force in the global cryptocurrency landscape. Recent reports by crypto analyst Ki Young Ju reveal that Binance's customer Bitcoin balances have surged by 25% in 2024, reinforcing its position as a key player in the industry.
The timing and extent of Rumble's Bitcoin purchases will depend on market conditions, trading prices, and the company's liquidity needs
Rumble announces plans to invest up to $20M in Bitcoin from cash reserves, highlighting its role as an inflation hedge and strategic asset. The post Rumble to invest up to $20 million in Bitcoin from its cash reserves appeared first on Crypto Briefing.
Cantor Fitzgerald is reportedly seeking support for its planned $2 billion bitcoin lending project from Tether. The firms are discussing expanding their existing collaboration to include this planned program in which Cantor Fitzgerald would lend dollars to clients who put up bitcoin for collateral, Bloomberg reported Sunday (Nov. 24).
Bitcoin slips to $93,839 amid technical resistance and market reaction to Jim Cramer's endorsement. Key levels to watch: $93,500 support and $95,161 resistance. The post Bitcoin Dances Around $100k, While Elon Musk Fires Shots At Jim Cramer For Suspected BTC Price “Reversal” Role appeared first on Cryptonews.
Digital assets manager CoinShares says institutional investors dropped over three billion dollars into crypto products last week. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products saw a surge in net inflows of $3.13 billion last week, a new inflow record.
Robert Kiyosaki, the celebrated author of Rich Dad Poor Dad, is no stranger to making bold statements about Bitcoin (BTC). Known for his provocative financial insights, Kiyosaki has once again captured the crypto community's attention with a jaw-dropping prediction that Bitcoin could hit $500,000 by 2025.
On-chain data shows exchanges have continued to receive stablecoin deposits recently, a sign that could be bullish for Bitcoin and other digital assets. Stablecoin Exchange Netflow Has Remained Positive Recently As pointed out by an analyst in a CryptoQuant Quicktake post, stablecoins have been flowing into exchanges recently.
A prominent crypto influencer has criticized Bitcoin (BTC) for being an antithesis of its founder's vision. Justin Bons, a vocal BTC critic and the founder and CIO of Cyber Capital, took to X to slam the premier crypto for failing to uphold Satoshi Nakomoto's dream of being a P2P digital cash and gold.
Long liquidations and profit-taking from long-term Bitcoin holders are the primary factors in today's sell-off. When will the dip buyers show up?
This week's crypto calendar is packed with major events, as Sonic Labs is about to launch its L1 mainnet, the Avalanche Etna update went live, Jupuary voting began for Jupiter, and more.
Traders continue to place their bets on Elon Musk's favorite coin: Dogecoin. Open interest for the asset surged to over $4 billion Saturday.
Bitcoin has yet to hit $100,000. The cryptocurrency traded lower Monday afternoon after prices rose more than 40% over the last month.
Ethereum (ETH) price has climbed 46.11%, marking impressive growth but still making it the second-worst performer among the top 10 largest cryptocurrencies. Its recent rally is supported by increasing whale accumulation and a 7-day MVRV signaling neutral to slightly bullish sentiment.
The recent spike in trading activity on Korean exchanges has brought the country and its retail investors to the fore of the crypto industry. Korean Investors Love to Play Big The South Korean cryptocurrency market is once again at the center of global attention with a recent surge in trading activity.
Bitcoin has witnessed a massive shift in market dynamics, with $6 billion worth of BTC being withdrawn from exchanges over the past week. This significant movement reflects growing confidence among retail investors, who are increasingly driving accumulation while whale activity appears to decline.
Bitcoin IRA co-founder and COO Chris Kline joins CoinDesk to discuss bitcoin's recent activities as investors wonder when BTC will reach the milestone $100,000 mark. Plus, insights into the liquidity concerns surrounding spot bitcoin ETFs and MicroStrategy adding another $5.4 billion of bitcoin.
Crypto analyst Master Kenobi has provided a bullish update for the Dogecoin price, predicting that the foremost meme coin can reach as high as $2.8. In his update, the analyst also explained why Dogecoin's outlook is still bullish.
Tim Draper, a prominent venture capitalist and cryptocurrency enthusiast, has made Bitcoin price predictions since 2014. That year, Draper predicted Bitcoin to be $10,000 by the end of 2017.
Despite a bearish outlook across the cryptocurrency landscape, Ethereum (ETH), the world's second-largest cryptocurrency, is poised for a notable upside rally. A bullish price action pattern and record interest from traders support this positive outlook.
A sizeable well wall is blocking Bitcoin from breaching the $100,000 threshold, despite the bullish frenzy for the largest cryptocurrency by market cap. CoinDesk's Christine Lee explains on "Chart of the Day.
Bitcoin's recent price surge has been accompanied by increasing signs of greed among long-term holders, according to data from the Net Unrealized Profit/Loss (NUPL) indicator. NUPL tracks the unrealized profit or loss of Bitcoin holders, and when long-term holders start showing signs of greed, it often signals that the market is approaching a top.
Unlike the last cycle, a Bitcoin pullback may not trigger a drastic altcoin crash, but a correction is still inevitable.
Long-term Bitcoin holders are showing signs of growing greed as the price of BTC steadily approaches the $100,000 mark. A crypto analyst has underscored the significance of this market trend, highlighting that a possible Bitcoin market top could be incoming in the next few months.
The Solana memecoin launchpad Pump Fun has announced the indefinite suspension of its live streaming feature. The decision to sunset this service comes after the protocol faced backlash in relation to the abusive use of the live stream feature.
Ripple (XRP) price has surged 182.80% in the last 30 days and 30.26% in the past week. While its EMA lines remain bullish, with short-term lines above long-term ones, indicators like RSI and CMF suggest the uptrend could be losing steam.
Shytoshi Kusama, the driving force behind Shiba Inu, shared key insights into SHIB burns and the ecosystems future. As burn rates jumped 135% in 24 hours, Kusama stressed the importance of building partnerships to boost Shibariums utility and burn potential.
The Dogecoin (DOGE) price came within just $0.24 of its record high when it $0.48 over the weekend on more teasings from Elon Musk, but some analysts are predicting it could easily eclipse its 2021 high this cycle. The post Dogecoin Price Just $0.24 Shy From An All-Time High, Analysts Predict DOGE Could Reach $2.80 In December appeared first on Cryptonews.
Asset manager WisdomTree has filed for an XRP exchange-traded fund (ETF) in Delaware, the first step in the U.S. regulatory process.
Maya Parbhoe, a presidential candidate for the South American nation of Suriname, has an ambitious vision for her country. Taking inspiration from El Salvador's Bitcoin strategy, she aims to build a Bitcoin nation even more deeply rooted in crypto than Nayib Bukele's El Salvador.
WisdomTree has filed to create an XRP exchange-traded product in Delaware, marking its entry into the XRP ETF race and signaling potential regulatory progress for cryptocurrency investments amid ongoing legal challenges faced by Ripple Labs. The post Global ETF Provider WisdomTree Files for XRP ETF in Delaware appeared first on Cryptonews.
Avalanche is going through its largest upgrade since the mainnet launch, unlocking more than $40 million in retroactive rewards.
Bloombergs James Seyffart has shared insights on the challenges facing XRP and SOL ETFs, predicting potential approval by 2025. Regulatory hurdles like compliance and market manipulation remain, but changes in SEC leadership could reshape the landscape.
Armando Pantoja, an experienced angel investor who has been active in the cryptocurrency space since 2011, has recently challenged the skepticism surrounding XRP's potential to hit $100. His comments come as XRP continues to perform exceptionally well in the ongoing bull market, with some calling for bold price targets while others urge caution.