Category: Bitcoin News

Key points: Bitcoin has remained above the $100,000 level on a closing basis, but the risk of a breakdown remains until the price rises above $108,000. Several major altcoins are holding onto their support levels, but a weak bounce heightens the risk of a breakdown. Bitcoin (BTC) has risen above $101,000, indicating that the bulls are aggressively defending the $100,000 support. Several analysts say that BTC may bottom near $100,000, but Bloomberg analyst Mike McGlone said in a post on X that BTC could collapse to $56,000. However, not everyone…

Pakistan is considering launching a rupee-backed stablecoin, as experts warn that delays in regulating digital assets could cost the country up to $25 billion in lost economic opportunities. Speaking at the Sustainable Development Policy Institute (SDPI) Conference on Friday, Pakistan Banks Association (PBA) President Zafar Masud said the nation could unlock $20–$25 billion in crypto-related growth, according to a report by local news outlet Daily Times. Masud pointed out the booming global stablecoin market, adding that Pakistan is “seriously considering a rupee-backed stablecoin” and that a Central Bank Digital Currency…

Crypto treasury company Strategy is moving forward with its plan to expand Bitcoin holdings, pricing a new euro-denominated perpetual preferred stock designed to fund additional crypto purchases. The company said on Friday that its Series A Perpetual Stream Preferred Stock (STRE) will debut at 80 euros ($92.50) per share, raising an estimated 608.8 million euros in net proceeds. Strategy plans to use the funds to buy more Bitcoin (BTC) and for general corporate purposes. The stock offering is expected to settle on Nov. 13. The new STRE shares are senior…

Bitcoin reaching a quarter of a million dollars this year may be more trouble than its worth, according to a macro analyst. “One of the worst things that could happen is Bitcoin shoots up to $250,000, and the S&P to 8,000 in like a 3-month period,” macro analyst and investor Mel Mattison told crypto entrepreneur Anthony Pompliano in an interview published to YouTube on Friday. “And you get this blow-off top, and everybody rushes to the exits to take profits, and it starts going down,” Mattison said. Bitcoin (BTC) jumping…

Some traders who are warning about an upcoming Bitcoin correction might be driven more by self-interest than by an unbiased view of the market, according to a Bitcoin analyst. “If you sold, you really want lower prices,” Bitcoin analyst PlanC said on the Mr. M Podcast published to YouTube on Friday, reiterating that those who’ve recently sold Bitcoin (BTC) may become more vocal on social media, promoting the idea of Bitcoin’s price falling in hopes of seeing the market move in their favor. “The whole point of you selling is…

Update (Nov. 7 at 09:07 pm UTC): This article has been updated to incorporate commentary from My First Bitcoin. My First Bitcoin, a Bitcoin education program founded in El Salvador, has ended its collaboration with the country’s Ministry of Education and will transition from running local classes to supporting global Bitcoin education initiatives.  The organization has educated more than 27,000 students in person about Bitcoin (BTC) — primarily in El Salvador — and now plans to support educators and community projects worldwide through open-source materials and training tools. In a…

Jurors who will decide whether two brothers are guilty beyond a reasonable doubt in a case involving maximal extractable value (MEV) bots on the Ethereum blockchain are no closer to reaching a verdict going into the weekend. According to reporting from Inner City Press at a New York City court on Friday, the jurors in the US government’s case against Anton and James Peraire-Bueno requested additional clarification from the judge regarding the intentions behind their actions. Despite the instructions from the judge, the jurors were reportedly “having an issue reaching…