Avalanche Blockchain’s Largest-Ever Upgrade Goes Live on Testnet
Avalanche’s largest upgrade to date, Avalanche9000, went live on testnet Monday. The upgrade is designed to cut costs of sending transactions and operating validators, making it easier to build apps on the network.
Ether Favored in Crypto Rotation as Bitcoin Recoils Off $100K Sell Wall
ETH advanced 4% during the day, outperforming BTC’s 1.5% loss and slight gains of the broader market benchmark CoinDesk 20 Index. The ETH/BTC ratio hit its weakest level in three years last week, but has rebounded since and is poised for more gains, observers noted. Bitcoin is likely to move sideways until year-end, said Paul […]
Why Memecoins Matter
Bitcoin Slides Near $94K, But Short-Term Bullish Target of $100K BTC Unchanged
A bitcoin-led crypto market correction continued into its third day as the asset lost a further 3.5% in the past 24 hours. However, bitcoin tends to bounce back when short-term holders sell at a loss. And some say this creates a buying opportunity for traders at current levels. It’s a ride that some expect to […]
U.K. Financial Regulator Aims for Crypto Regime by 2026
The U.K. Financial Conduct Authority (FCA) said it wants to implement a crypto regime by 2026. Ownership of crypto assets grew by 4% in the past two years, to include some 7 million adults out of the country’s roughly 68 million population.
Three Reasons Why Bitcoin Risks Falling Below $90K: Godbole
BTC traders purchase protective put options in response to Monday’s 5% decline. The Coinbase premium indicator highlights a decline in demand for Bitcoin in the U.S. market. The daily chart reveals a bearish RSI divergence, signaling potential weakness in price momentum.
Crypto Gets Shock Video Dose as Users Stream ‘NSFW’ Content to Pump Their Memecoins
Early 2000s-style internet shock videos are making the rounds on a popular crypto platform, with such content including extreme acts like individuals engaging in self-harm, animal cruelty, and explicit sexual content to attract attention and potentially increase token value. Despite the platform’s moderation efforts, some of this content surfaces in the public view. The crypto […]
MicroStrategy Is a Bitcoin Magnet Pulling in the Earth’s Capital Reserves: Bernstein
Bernstein raised its MicroStrategy price target to $600 from $290. Broker Canaccord also increased its price target for the software company, to $510 from $300. The shares rose over 6% in early trading Monday.
Michael Saylor’s MicroStrategy Makes Mammoth BTC Purchase, Adding 55,500 Tokens for $5.4B
MicroStrategy bought 55,500 more bitcoin over the past week for $5.4B, bringing its total holding to 386,700 BTC. MicroStrategy recently entered the top 100 U.S. publicly traded companies by market cap, briefly surpassing $100 billion valuation. The Nasdaq 100 Index begins its annual reranking this week, with results set to be announced on Dec. 13.
Bitcoin Options Worth $9B Expire Friday, Traders May be Thankful for the Post-Thanksgiving Volatility
November’s expiry is due Friday at 08:00 UTC, with $9.4 billion in options expiry for bitcoin. Bitcoin’s max pain price is $78,000, significantly lower than the current spot price. The majority of the put open interest represent hedging activity and not outright downside bets: European Head of Research at Bitwise – Dragosch.