Bitcoin Crashes Below $70K, Nvidia CEO Resigns, Inflation Fears Return: Weekly Crypto Recap
Bitcoin dumped to multi-month lows, the altcoins followed. Here are the most important developments of the past week.
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Bitcoin dumped to multi-month lows, the altcoins followed. Here are the most important developments of the past week.
Bitcoin Gains: Twenty One Capital reported $1.087 billion in third-quarter net income, with $1.093 billion of that amount coming from fair value gains tied to its Bitcoin holdings.
Bitcoin may be flashing a massive buying opportunity despite its brutal crash below $70,000, with prominent analyst Vetle Lunde pointing to several technical indicators suggesting a potential market bottom and urging investors not to panic.
Bitcoin price crashes below the psychologically important $70,000 level for the first time since August, extending a broader crypto market sell-off as a stronger US dollar and rising expectations of another Federal Reserve rate hike weigh on investor sentiment.
Anthony Pompliano urged Bitcoin holders to remain calm as the cryptocurrency fell back to price levels last seen roughly three months earlier. In a post on X, Pompliano downplayed the significance of the pullback and argued that investors should view Bitcoin alongside the artificial intelligence…
The crypto market has seen a brief recovery following Friday’s softer than expected US producer inflation report, with Bitcoin rebounding toward $70,000 after heavy selling pushed it below $69,000 earlier in the day. According to the US Producer Price Index…
Bitcoin price has fallen 4.1% over the past 24 hours to $69,376 on November 13, as heavy liquidations, continued ETF withdrawals and concerns over another Federal Reserve interest rate hike have weighed on the cryptocurrency market. According to crypto.news data,…
Bitcoin Price Briefly Crashes to $67,500, Lowest Since August, as Dollar Holds 19-Month High Bitcoin price briefly crashed to about $67,555 around midnight Eastern, its lowest level since August, then recovered near $69,800 on Friday after October producer prices rose less than expected.
The slight cooling in producer inflation may temper aggressive Fed rate hikes, impacting investment strategies and market sentiment.
US PPI data showed producer prices rising less than expected in October, and Bitcoin (BTC) jumped within minutes. The move caught bearish traders off guard, wiping out about $39 million in short bets within an hour, CoinGlass data shows.
The Bitcoin price has rebounded following the release of the October PPI inflation report, with the data coming in below expectations. As a result of the lower-than-expected reading, crypto traders have also pared back bets on potential Fed rate hikes over the coming months.
The reliance on Bitcoin's valuation highlights the volatility risk for Twenty One Capital, emphasizing the need for diversified revenue streams.
Two Bitcoin whale addresses moved 100 BTC worth $6.89 million after more than 16 years of dormancy on Friday.
Jane Street increased its Fidelity Bitcoin ETF holdings from roughly 887,000 to 7.01 million shares in Q3, taking the position’s value to $509 million.
Nakamoto's reliance on volatile Bitcoin derivatives highlights the risks of leveraging crypto assets, impacting investor confidence and market stability.
A $5.8 million loss on Bitcoin options pushed operating revenue below zero, and higher Bitcoin prices lifted net income to $85.5 million.
A $5.8 million loss on Bitcoin options pushed operating revenue below zero, and higher Bitcoin prices lifted net income to $85.5 million.
Bitcoin fell all the way to $68,000 overnight and hit a new three-month low. But are there reasons for hope?
SWC's MSCI inclusion enhances visibility, potentially attracting crypto-focused investors, but equity-funded Bitcoin strategy risks dilution.
Bitcoin’s price has deteriorated sharply, with the leading cryptocurrency trading near $69,140 after touching an intraday low of $67,500 per unit. Despite the decline, several oscillators suggest selling pressure has reached stretched levels, raising the possibility of a temporary rebound.
Anthony Pompliano sends a comforting message to Bitcoin holders as the asset’s correction continues to deepen, with Bitcoin falling sharply to a three-month low.
Metaplanet's buyback strategy highlights the tension between supporting share value and maintaining financial flexibility amid market pressures.
JPMorgan increases Strategy and Bitcoin ETF holdings as crypto crashes, while MSCI delivers another blow to Michael Saylor.
Digital Credit: Comparing The Six Bitcoin Preferred Stocks A simple four-part investor framework for evaluating Digital Credit. This post Digital Credit: Comparing The Six Bitcoin Preferred Stocks first appeared on Bitcoin Magazine and is written by Allard Peng.
Six coins have led crypto’s quarterly performance rankings over the past two years, according to new Grayscale research. Bitcoin (BTC) did not finish first in any of those quarters. Grayscale says Bitcoin makes up the entire crypto allocation for many institutional portfolios.
Bitcoin fell to $67,500 on Nov. 13, just under its 200-week moving average of $67,993. This is the first test of that long-term average since Aug. 19, about 11 weeks ago.
Bitcoin (BTC) fell below $70,000 for the first time since August and is down 3.5% since midnight UTC, as the dollar climbs and liquidations top $1.6 billion.
Annual Outflows: Bitcoin ETFs have posted $1.56 billion in net outflows for the year after flipping from a $1.01 billion gain late in October following a single day of heavy redemptions.
More than $1 billion in crypto positions were forced shut in 12 hours as bitcoin broke below $70,000.
Jane Street raised its Fidelity Bitcoin ETF shares by about 691%, to a stake worth $509.2 million. The firm cut its BlackRock Bitcoin ETF shares by 18.7%, but the stake’s value rose to $957.3 million.