Bitcoin falls to a 1-month low after a 6% dive drops BTC price to $56.6K – Cointelegraph
Despite high volatility and challenging the $60,000 mark, within the past hour the price fell as low as $57,200 — its lowest since Oct. …Read the full story
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Bitcoin holders who bought at $20K refuse to sell BTC at all-time highs — Latest data – Cointelegraph
As Cointelegraph reported, however, distribution of coins by long-term holders — a classic characteristic of bull market peak phases — has now begun. …Read the full story
Fidelity clears regulatory hurdle to become Canada’s first institutional Bitcoin custodian
As reported by The Globe and Mail, Fidelity Clearing Canada received approval from the Investment Industry Regulatory Organization of Canada on Wednesday to launch a Bitcoin trading and custody platform. The firm also plans to cater to retail investors with its regulatory filing for a Bitcoin exchange-traded funded and mutual fund, which was submitted earlier […]
Here’s why bears hope to pin Bitcoin under $60K ahead of Friday’s $1.1B options expiry
16 caught bulls by surprise, especially since most of the call options for Nov. Bears might have been lucky because the two negative events happened in the past few days. President Joe Biden sanctioned the infrastructure bill, which mandates that starting in 2024, digital asset transactions worth more than $10,000 be reported to the Internal […]
Traders watch for a trend reversal after Ethereum price drops to $4,100 – Cointelegraph
Ether traders might have a few reasons to panic after today’s 13% drop down to $4,100. 12, the United States Securities and Exchange Commission officially denied VanEck’s spot Bitcoin exchange-traded fund application request. Ether’s quarterly futures are the preferred instruments of whales and arbitrage desks. The three-month futures typically trade with a 5% to 15% […]
3 reasons why traders want to buy the Bitcoin price dip to $58.5K – Cointelegraph
Wick said that Bitcoin is just exploring the resistance zone around its new all-time high and he highlighted the possibility of a drop into the $58,000 to $59,500 range, similar to the move that was seen in the early trading hours on Nov. Now that BTC has successfully rebounded near the monthly $61,000 level, a […]
Institutional Bitcoin products tag record AUM despite volume pulling back – Cointelegraph
Bitcoin instruments represented 64.6% of the $150.9 million that flowed into digital asset investment products last week. While Ethereum saw the strongest weekly inflows among altcoin-tracking products with $17.3 million, the figure marked a 44% decline week-over-week for the asset class. …Read the full story
Bitcoin has stalled, but here’s why pro traders still expect $80K by January – Cointelegraph
Selecting a timeframe for technical analysis is always a tricky topic, but usually, the longer the trend, the higher the odds it shall prevail. However, data from on-chain analytics firm Glassnode shows that long-term investors have stopped net accumulating and are now diversifying into altcoins. To understand how bullish or bearish professional traders are leaning, […]
‘Bull market distribution has begun’ — 5 things to watch in Bitcoin this week – Cointelegraph
Others argued that Sunday’s Taproot soft fork deployment has not yet been fully appreciated. As Cointelegraph noted, major upgrades have also been followed by significant price run-ups, as was the case with Segregated Witness in 2017. Having correctly guessed BTC’s monthly close almost exactly for three months in a row, PlanB now says that $98,000 […]
‘Bull market distribution has begun’ — 5 things to watch in Bitcoin this week – Cointelegraph
Others argued that Sunday’s Taproot soft fork deployment has not yet been fully appreciated. As Cointelegraph noted, major upgrades have also been followed by significant price run-ups, as was the case with Segregated Witness in 2017. Having correctly guessed BTC’s monthly close almost exactly for three months in a row, PlanB now says that $98,000 […]
BREAKING: The Bitcoin network welcomes Taproot soft fork upgrade – Cointelegraph
The Taproot upgrade aims to improve the scripting capabilities and privacy of the Bitcoin network. Speaking to Cointelegraph, Sjöberg pointed out that Taproot activation shows that Bitcoin can do network upgrades again, which is extremely important for the longevity of the Bitcoin network. In Bitcoin’s near 13 years of existence, the Bitcoin network has undergone […]
Bitcoin Taproot upgrade improves the network as BTC price impact may be limited – Cointelegraph
This is the first significant upgrade since the Segregated Witness , which eventually culminated in the development and launch of the Lightning Network in 2018. While the previous SegWit upgrade was aimed to resolve transaction malleability and improve the scalability of the Bitcoin network, the Taproot upgrade is targeted to improve transaction efficiency, the privacy […]
SEC rejects VanEck’s spot Bitcoin ETF as BTC price falls below $63K – Cointelegraph
Industry expert Bloomberg senior ETF analyst Eric Balchunas said the SEC was highly unlikely to approve the VanEck fund given its track record of denying offerings from investment firms with exposure to crypto, a prediction which ultimately came to pass. “ address the inconsistency with not deeming CME a regulated mkt of sig size in spot […]
Bitcoin due to hit $90K ‘in coming weeks’ despite pullback — latest technical analysis – Cointelegraph
“When we overlay the cycles like this, we can see how the current cycle is not directly like either of the previous cycles but is in fact a combination of the two. “The last time Bitcoin had such a major upgrade was the Segwit upgrade in Aug 2017. …Read the full story
Ken Griffin says Bitcoin will be replaced by Ethereum-based currency – Cointelegraph
Kenneth Griffin, billionaire CEO of American hedge fund Citadel, thinks a currency on the Ethereum network will replace Bitcoin as crypto’s top dog. On the flip side, Bitcoin mining also utilizes the lowest cost forms of energy, such as renewable energy and surplus power that would otherwise be wasted. …Read the full story