Category: Bitcoin News

BTC Needs Key Trend Shifts to Hold $90K

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Bitcoin (BTC) reclaimed $90,000 this week, but onchain data indicated that the move sat on shaky grounds. Despite a strong cost-basis cluster, demand, liquidity, and futures activity remained thin. Key takeaways: The $84,000 cost-basis cluster held 400,000 BTC, but spot demand above it remains shallow. BTC liquidity signals resembled the weakness seen in early 2022, with losses dominating recent flows. Recent futures activity was mostly shorts-covering, and not long-positional build-up.  BTC spot demand must improve above $84,000 cost basis Bitcoin’s recent move took place at the back of a dense…

Bitcoin Has a 75% Chance of a Short-Term Rally, Says Trader Alessio Rastani

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With Bitcoin sliding from its recent all-time high and market sentiment sinking into extreme fear, many investors are convinced the bull run is over. While social media is filled with predictions of a deep bear market and analysts claiming the next true bottom won’t arrive until 2026, trader Alessio Rastani sees a different picture. In an interview with Cointelegraph, Rastani explains why the recent drop may not signal the start of a prolonged bear cycle. Instead, he argues that the data points to a historically recurring setup that has preceded…

Is the SOL price recovery done for now?

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SOL’s (SOL) recent recovery stalled at $145 as Solana ETF flows flipped negative for the first time since launch. Key takeaways: Solana TVL drops 20% in November, with a 16% decline in network fees, signaling weak network demand. SOL’s bear flag projects a deeper price correction to $100. SOL recovery at risk amid weak onchain activity As Cointelegraph reported, spot Solana exchange-traded funds (ETFs) ended their streak of net inflows, recording their first single-day net outflow of $8.2 million on Wednesday.   Related: Solana treasury backs ‘double disinflation’ plan amid 30%…

What’s behind the surge in privacy tokens as the rest of the market weakens

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Key takeaways Privacy tokens, such as Zcash, have posted gains, while the overall crypto market cap and Bitcoin have dropped sharply. The rally is happening against a tightening policy backdrop with FATF pressure, new EU AML rules and a growing list of privacy coin delistings. Sanctions cases and prosecutions involving mixers and wallets have raised questions about the line between infrastructure and money transmission, pushing compliance teams toward cautious de-risking. Analysts are split between seeing the move as a protest trade against surveillance and a fragile late-cycle spike in a…

Inflation Slows But Crypto Adoption Speeds Up

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Countries around the world are grappling with inflation, and in many places, investors and everyday savers are turning to crypto to protect their savings. The early 2020s saw a sharp uptick in global inflation rates amid government stimulus programs during the COVID-19 epidemic. Supply chain disruptions led to increased costs for businesses, and food and energy prices rose following Russia’s war in Ukraine. Central banks responded aggressively, hiking interest rates and easing pressure on supply chains. As a result, inflation rates have somewhat calmed in the last two years. Still,…

Malicious Chrome Plugin Skims SOL Without Draining Wallets

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A malicious Google Chrome browser extension is letting users trade on Solana, while quietly skimming a fee from every swap into the creator’s wallet. According to a Tuesday report by cybersecurity company Socket, the Google Chrome extension allows users to trade on Solana (SOL) from their X social media feed. Unlike typical wallet-draining malware that tries to steal the entire balance, Crypto Copilot “injects an extra transfer into every Solana swap, siphoning a minimum of 0.0013 SOL or 0.05% of the trade,” Socket found. On the back end, Crypto Copilot…

Visa Expands USDC Settlement With Aquanow in CEMEA Region

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Visa is expanding its use of stablecoins for settlement in Central and Eastern Europe, the Middle East and Africa (CEMEA) through a new partnership with crypto infrastructure company Aquanow. In an announcement Thursday, Visa said it partnered with Aquanow “to settle transactions using approved stablecoins such as USDC, reducing costs, operational friction, and settlement times.” The company said the move came amid strong demand from banks and payment companies for faster, cheaper cross-border payments. The move aims to leverage stablecoins to digitize the back end of money movement and to…

Solana ETFs Break Streak as XRP ETFs Extend Perfect Run

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US spot Solana exchange-traded funds (ETFs) broke their flawless inflow streak on Wednesday, recording $8.1 million in net outflows, their first day in the red since launch, according to ETF data provider SoSoValue.  A single ETF product largely drove the pullback, the 21Shares Solana ETF (TSOL), which experienced over $34 million in outflows. The ETF has recorded cumulative net outflows of $26 million since launch and has net assets of $86 million. The rest of the SOL ETFs performed well, absorbing much of the outflows by TSOL. The Bitwise Solana…

Bitcoin ETF Investors In Profit Amid Interest Rate Cut Expectations

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BlackRock’s spot Bitcoin exchange-traded fund (ETF) holders are back in profit after Bitcoin’s recovery above $90,000, an early sign that sentiment may be turning among one of the key investor groups driving the market this year. The holders of the largest spot Bitcoin (BTC) fund, BlackRock’s iShares Bitcoin Trust ETF (IBIT), bounced back to a cumulative profit of $3.2 billion on Wednesday, according to blockchain data platform Arkham. “BlackRock IBIT and ETHA holders went from being up almost a combined $40 billion at their PnL peak on 7th October, down…

Do Kwon Seeks Five-Year US Sentence Over TerraUSD Collapse

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Terraform Labs co-founder Do Kwon asked a US judge to cap his prison time at five years for his role in the collapse of the Terra ecosystem, which erased about $40 billion from crypto markets in 2022. In a court filing on Wednesday, Kwon argued that a longer term would be excessive given the punishment he has already served and the penalties he has agreed to accept, according to Bloomberg. Kwon pleaded guilty in August to two counts of wire fraud and conspiracy to defraud after being extradited from Montenegro,…