ETF Outflows Reflect Short-Term Downturn, Not Weak BTC Demand: Analysts

The record outflows from Bitcoin exchange-traded funds (ETFs) represent short-term, “tactical” rebalancing rather than institutional flight from BTC, according to analysts at crypto exchange Bitfinex. Long-term Bitcoin (BTC) holders taking profit and selling their coins, and highly-leveraged positions flushing out of the markets, are the root causes of the billions of dollars in ETF outflows and the broader market crash, Bitfinex analysts said. The uncertainty of a December interest rate cut has also shifted investors to a risk-off outlook, Bitfinex said. “This does not derail the longer-term move towards institutionalization.…

Anchorage Digital Adds HYPE Staking Support on HyperCORE

Anchorage Digital has expanded its support for the Hyperliquid ecosystem by adding HYPE staking on HyperCORE, complementing its existing HYPE custody services on HyperEVM.  Staking, the process of locking crypto to secure a blockchain network in exchange for earning rewards, is being offered through Anchorage Digital Bank and through Anchorage Digital Singapore, which holds a Major Payment Institution license. The company said staking will also be available through Porto, its self-custody wallet. The bank is partnering with staking infrastructure provider Figment to run the underlying validator infrastructure, it said in…

Rumble adds Bitcoin wallet integration for streaming tips

Key Takeaways Rumble has launched limited testing of a non-custodial crypto wallet for streaming tips. The wallet allows users to send Bitcoin, Tether (USDT), and tokenized gold tips within livestream and on-demand videos. Share this article Rumble, a video streaming platform, today launched limited testing of a non-custodial wallet feature that enables users to send Bitcoin and stablecoin tips directly within livestream chats and video-on-demand content. The testing phase is currently available to Android users and supports tips in Bitcoin, Tether’s USDT stablecoin, and tokenized gold. The wallet integration allows…

$82K Is Now the Line in the Sand

Bitcoin drops 35% after losing its 260-day cycle lead. Analysts watch $82K support as trendlines and on-chain data signal a reset. Bitcoin is trading at around $84,000 after a sharp drop of 35% from recent highs of over $126,000. The move follows an early lead in the market cycle, where the asset rallied to new all-time highs ahead of the 2024 halving. Analyst Rekt Capital noted that this placed Bitcoin 260 days ahead of its usual cycle rhythm. That lead has now been erased. Since the halving, BTC spent…

NYSE approves Grayscale XRP and Dogecoin ETFs for listing; trading set for Monday

Key Takeaways Grayscale’s XRP and Dogecoin ETFs are set to debut on NYSE Arca next Monday. Both ETFs will charge a 0.35% management fee and mark Grayscale’s expansion after Bitcoin and Ethereum ETF conversions. Share this article The NYSE Arca has certified its approval for the listing of the Grayscale XRP Trust ETF (GXRP) and the Grayscale Dogecoin Trust ETF (GDOG), according to certification letters dated November 21. Bloomberg ETF analyst Eric Balchunas confirmed that both funds are expected to begin trading next Monday. Grayscale, which oversees more than $35…

Analyst Shares Why He’s Not Worried About XRP Price

The XRP price has spent the past week struggling with bearish momentum, and the latest dip below the $2 price level has further added to the bearish sentiment. The cryptocurrency briefly slid under this psychological level in the past 24 hours, continuing a multi-week sequence of lower highs and lower lows.  Despite this pullback, one crypto analyst on X proposes that the current movement is not as alarming as it appears. His price chart, which maps XRP’s weekly candles, shows the XRP price falling to a familiar support area inside…

Bitcoin Rout Pressures Investors Amid Treasury Reckoning: Finance Redefined

Cryptocurrency markets continued their decline for a fourth consecutive week this week, raising concerns over the status of the bull market cycle. Investor concerns grew on Thursday after a 10X Research report revealed that BitMine Immersion Technologies, the world’s largest corporate Ether (ETH) holder, is sitting on a cumulative unrealized loss of $3.7 billion on its total holdings. Most digital asset treasuries (DATs) have suffered declines in their net asset value (NAV), making it difficult to raise funds for new investments or to attract new retail investors, leaving existing shareholders…

BTC Hides Bullish Twist in Crypto’s Fastest Bear Market

Bitcoin (BTC) fell to $80,600 on Friday, extending weekly losses to more than 10%. Its monthly drawdown has now reached 23%, the steepest decline since June 2022. The drop below $84,000 also pushed BTC to test the 100-week exponential moving average for the first time since October 2023, aligning exactly with the start of the current bull cycle. Bitcoin one-week analysis. Source: Cointelegraph/TradingView Bitcoin futures liquidations surpassed $1 billion, underscoring the severity of this downturn, described by the Kobeissi Letter as the “fastest bear market ever.” Key takeaways: Crypto market…

Bitcoin Won’t Hit $200K Until 2029, Warns Peter Brandt as Market Falls Below $3T

Peter Brandt has pushed Bitcoin’s $200K target to 2029. Veteran trader Peter Brandt has tempered near-term expectations for Bitcoin (BTC) amidst the crash. He predicted that the next major bull market will not take the world’s leading crypto asset to $200,000 until around Q3 2029. His comments came at a moment of extreme turbulence, with BTC sliding almost 10% in the past 24 hours and the broader crypto market cap falling back below the $3 trillion mark. Necessary Reset? Brandt, who disclosed that he still holds 40% of his…

Bitcoin sentiment hits lowest point since December 2023

Key Takeaways Bitcoin sentiment on social media is at its lowest since December 2023. Panic and capitulation dominate discussions on platforms like X, Reddit, and Telegram. Share this article Bitcoin sentiment has reached its lowest level since December 2023, as tracked across major social media platforms including X, Reddit, and Telegram. Social media activity shows retail traders expressing panic and capitulation amid recent market dips. Bearish comments have surged across platforms, with discussions in Reddit’s crypto communities correlating with Bitcoin’s market reactions. The sentiment shift reflects traders flipping to extreme…