Crypto markets are feeling the sting as Bitcoin plummeted below $84,000 in the last hours, notching its lowest level since mid-April and erasing months of bullish momentum—its gains since Trump’s election win now largely gone. This rapid descent, reflected in a $400 billion wipeout of global ... ... Read full 🔴😞 Market Analysis: 23-11-03
By Gregor Stuart Hunter Cryptocurrencies tumbled on Thursday and bitcoin fell back below the $90,000 threshold in a renewed signal of market jitters as fresh concerns about artificial intelligence profits weighed on technology stocks. Risk sentiment turned sour after U.S. cloud firm Oracle's …
By Frances YueBitcoin on Tuesday was trading 26% below its October record high.As bitcoin edged higher Tuesday, Standard Chartered said it now expects the cryptocurrency to end the year higher at $100,000. That's still a halving of its previous year-end target of $200,000, which was issued in June 2…
A fierce debate is unfolding at the heart of Bitcoin’s intellectual core as industry veterans clash over the future of custody, sovereignty, and the role of ETFs in driving mainstream adoption.The latest spark came from investor Fred Krueger, who endorsed Nick Szabo’s call for a dual strategy.ETFs E…
By Heather GillersThings aren't looking good for Harvard's big bet on bitcoin.The nation's oldest and richest university supersize its wager on the cryptocurrency last quarter, ramping up its holdings in iShares Bitcoin Trust ETF to nearly half a billion dollars. Even after Tuesday's rebound, bitcoi…
US spot Bitcoin exchange-traded funds just posted their busiest trading session ever, even as the recent slide in the cryptocurrency’s price has left the average ETF investor holding losses.The surge in activity marks a new phase in the market’s adjustment to this month’s selloff in the sector.Black…
By Gordon GottsegenBitcoin has dropped as much as 35% from its October highTriple leverage and elevated volatility around bitcoin could be a dangerous combination.Bitcoin is having a bad week on top of a rough month: The benchmark cryptocurrency is currently down more than 33% from its October all-t…
The selloff on cryptocurrency markets has accelerated amid exchange traded fund outflows, Saxo strategists say in a note. "Selling was triggered by nearly $900 million in spot bitcoin ETF outflows, led by iShares Bitcoin Trust." The iShares Ethereum Trust ETF also weakened further. Uncertainty aroun…
The XRP price has dropped below the $2.00 psychological level, revisiting levels last seen during the October 10 crash.In comes amid a broader bearish sentiment in the crypto market, that saw the Bitcoin price fall below the $87,000 level and $220 million longs blown out of the water within the hour…