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.
First Mover Americas: Bitcoin Regains $98K After Weekend Slump
Bitcoin returns to $98,000. Crypto futures saw $500 million in liquidations amid volatility. Brokers raise price targets for MicroStrategy.
Tornado of Administrative Overreach: Challenging Sanctions of Crypto Mixing Services
CoinDesk 20 Performance Update: XLM Surges 47.7% as Index Rises Over 100 Points
