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Bitcoin sinks to $83,000 Friday. Here's why stock-market investors are keeping close watch.

Bitcoin sinks to $83,000 Friday. Here's why stock-market investors are keeping close watch.

By Barbara Kollmeyer and Joy WiltermuthBitcoin heads for its worst month in three yearsSelling of bitcoin and other cryptocurrencies kept pace early Friday.A selloff for bitcoin and other cryptocurrencies showed no signs of letting up on Friday, and investors were watching closely as a rout in those…

Core Foundation secures injunction blocking Maple Finance’s rival bitcoin yield product

Core Foundation secures injunction blocking Maple Finance’s rival bitcoin yield product

Core Foundation announced Wednesday that the Grand Court of the Cayman Islands has granted its injunction against crypto lending platform Maple Finance over alleged breaches of their commercial agreement.This injunction blocks Maple from launching a competing bitcoin yield product and restricts its …

Analysts Warn Saylor’s BTC Strategy is “Hurting Bitcoin Price Action” as His Portfolio Turns Red

Analysts Warn Saylor’s BTC Strategy is “Hurting Bitcoin Price Action” as His Portfolio Turns Red

Analysts at Samosa Capital Investment Fund have warned that Michael Saylor’s BTC strategy is “hurting Bitcoin’s price action”, which is a net-negative for the Bitcoin community.According to , Saylor’s Bitcoin digital asset treasury company, Strategy (formerly MicroStrategy), is “a highly leveraged h…

Circle enters world’s largest financial market with onchain FX engine

Circle enters world’s largest financial market with onchain FX engine

Circle is expanding into the foreign-exchange market, positioning stablecoins as a tool to modernize one of traditional finance’s most entrenched systems.The issuer of USDC (USDC) on Thursday unveiled Circle StableFX, an institutional onchain FX platform built on Arc1, the company’s forthcoming laye…

Bitcoin Eyes Major Death Cross: Potential Price Scenarios

Bitcoin Eyes Major Death Cross: Potential Price Scenarios

Bitcoin saw a sharp drop on Tuesday, reaching a low of $102,422, having earlier traded at $107,482.At press time, Bitcoin was down 0.23% in the last 24 hours to $104,880, but up 2.80% weekly.Bitcoin's recent price action follows a lull in the market amid October's flash crash, with a bearish death c…

Auradine unveils new Teraflux bitcoin mining ASICs, claiming 9.8 J/TH efficiency

Auradine unveils new Teraflux bitcoin mining ASICs, claiming 9.8 J/TH efficiency

Auradine has introduced its next-generation Teraflux bitcoin mining machines, reporting energy efficiency ratings as low as 9.8 joules per terahash.Founded in 2022 and based in California, the company's U.S. credentials are a big part of its pitch, claiming to be the only U.S.-based firm producing A…

Bitcoin OGs sell up to get ‘incredible tax advantages’ of ETFs: Analyst

Bitcoin OGs sell up to get ‘incredible tax advantages’ of ETFs: Analyst

Long-term Bitcoin holders could be selling their holdings to shift into exchange-traded funds (ETFs) and to diversify their crypto portfolios, says Dr. Martin Hiesboeck, the head of research at cloud-based financial service platform Uphold. “There are several reasons why OG crypto holders are sellin…

Early Uber Investor on Saylor's Strategy: 'I Would Never Touch It'

Early Uber Investor on Saylor's Strategy: 'I Would Never Touch It'

In a recent social media post, prominent venture capitalist Jason Calacanis has stated that he would never touch Michael Saylor's Strategy even if the stock were to crash. Calacanis also argues that there should be no Bitcoin bailouts if the company happens to go underwater. The caustic comments of …

Bitcoin Correction Nears Peak Point — Is A Rebound Underway?

Bitcoin Correction Nears Peak Point — Is A Rebound Underway?

The Bitcoin market has suffered through a disappointing performance over the past few weeks, leading to a price retest of the $100,000 support zone. However, an exciting on-chain evaluation predicts a positive price action in the near future. Bitcoin Price Below Average Cost — DetailsOn November 8, …

Filecoin (FIL) Price Soars Over 50% in 24 Hours — What’s Driving This Massive Rally?

Filecoin (FIL) Price Soars Over 50% in 24 Hours — What’s Driving This Massive Rally?

The crypto markets are trying to recover from the recent market crash as Bitcoin price reclaims $102,000. In times when Bitcoin’s dominance is rising, Filecoin is emerging as one of the top-performing altcoins in the last 24 hours. The FIL price has surged by over 50% in the past 24 hours, reaching…

Bitcoin’s valuation metric hints at a ‘possible bottom’ forming: Analysis

Bitcoin’s valuation metric hints at a ‘possible bottom’ forming: Analysis

Key takeaways:Bitcoin's MVRV ratio dropping to the 1.8-2.0 range signals a local bottom, historically preceding price rallies.Distress-driven selling may clear leverage, setting the stage for a market reversal, according to analysis. Bitcoin fell 11% between Nov. 3 and Nov. 4, breaking below the $1…

Canada’s budget promises laws to regulate stablecoins, following US

Canada’s budget promises laws to regulate stablecoins, following US

Canada is set to introduce legislation regulating fiat-backed stablecoins under its federal budget for 2025, following the footsteps of the US, which passed landmark stablecoin laws in July.Stablecoin issuers will be required to hold sufficient reserves, establish redemption policies and implement v…