Category: Bitcoin News

Tangem Pay Launches Virtual Visa Card For USDC Spending

admin

Cryptocurrency wallet company Tangem has launched Tangem Pay, a virtual Visa card connecting directly to the hardware wallet and allowing users to spend stablecoins at millions of merchants worldwide. Launched in collaboration with US payment infrastructure company Paera, Tangem Pay enables users to deposit and spend Circle’s USDC (USDC) stablecoin on the Polygon network, Tangem said in an announcement shared with Cointelegraph on Wednesday. “Once the user deposits into their Tangem Pay account, they can spend anywhere Visa is accepted, regardless of the local currency,” Tangem Pay CEO Marcos Nunes…

Galaxy lowers Bitcoin 2025 Forecast From 185K to 120K

admin

Investment company Galaxy lowered its 2025 Bitcoin price forecast to $120,000 from $185,000, citing several headwinds and dampened price volatility due to passive investment flows into exchange-traded funds (ETFs) and financial institutions. Factors such as whales dumping 400,000 Bitcoin (BTC) onto the market in October, along with rotations into other investment narratives such as gold, AI and stablecoins, in addition to leveraged liquidations, have put a damper on BTC price, Alex Thorn, Galaxy’s head of research, said on Wednesday. “Bitcoin has entered a new phase, what we call the ‘maturity…

Ethereum Price Risks Drop to $2.2K: Here’s Why

admin

Key takeaways: ETH price dropped to its yearly open at $3,330 on Tuesday, wiping out more than $484.5 million on long ETH leveraged positions. Risk-off behavior among derivatives traders weighs down Ether’s price. The ETH price chart is forming a bearish pennant, targeting $2,400.  Ether (ETH) tumbled toward the $3,000 level on Tuesday, marking the first time it had revisited the psychological mark since mid-July.  The top altcoin fell as much as 16% to 3,050 on Tuesday, before recovering to the current price of $3,300, per Cointelegraph Markets Pro and…

Switzerland’s Future Secures $34.5M to Build Bitcoin Treasury Platform

admin

Future Holdings, a Switzerland-based Bitcoin treasury and custody company, has raised 28 million Swiss francs (about $34.5 million) in a strategic round anchored by Fulgur Ventures, Nakamoto and Tobam, the company announced on Tuesday.  Branding itself as “Switzerland’s premier Bitcoin treasury company,” Future said in a news release that it will provide multisignature custody, treasury tools and advisory services for companies seeking to hold Bitcoin (BTC) on their balance sheets.  The company said it combines treasury operations, research and wallet infrastructure to help institutions manage and account for Bitcoin exposure…

3 Things That Must Happen to Prevent the Bitcoin Bears From Gaining Control

admin

Key takeaways: Bitcoin (BTC) tumbled more than 8% this week, slipping below the $100,000 mark for the first time since June as long-term holders offloaded roughly $45 billion worth of BTC. BTC/USD vs. Nasdaq, Dow Jones, and S&P 500 indexes year-to-date chart. Source: TradingView The sell-off intensified amid sharp declines in AI-related stocks, which fueled a broader risk-off shift across markets. Data resource The Kobeissei Letter said that BTC has “officially entered a bear market territory” after correcting by around 20% from its record high on Oct. 6. Nevertheless, some indicators…

Metaplanet Taps $100M Bitcoin Loan for Buyback, BTC Buys

admin

Tokyo-listed Bitcoin treasury company Metaplanet secured a $100 million Bitcoin-backed loan to purchase additional BTC and repurchase its shares. According to a Tuesday filing, the funds were borrowed on Oct. 31 under a credit agreement that allows the company to secure short-term financing using its Bitcoin (BTC) holdings as collateral. The lender’s identity was not disclosed, but the company said the loan carries a benchmark US dollar rate plus a spread and can be repaid at any time. Metaplanet said that the loan structure is conservative, noting it holds 30,823…

Bitcoin Accumulation Hits Records in ‘Normal’ BTC Price Dip

admin

Key points: Bitcoin accumulator addresses grab 375,000 BTC in a month in a new record. Accumulators added 50,000 BTC as price slipped under $100,000 for the first time in months. The drawdown from October’s all-time high remains within “normal parameters.” Bitcoin (BTC) accumulation is hitting record levels as a trader plays down the sub-$100,000 BTC price dip. Data from onchain analytics platform CryptoQuant published on X Wednesday by contributor Darkfost shows buyers adding 375,000 BTC in just one month. Bitcoin dip-buyers hit 375,000 BTC monthly record Bitcoin hodlers may be…

Bitwise CIO Matt Hougan, Arthur Hayes See Bitcoin Rally Ahead

admin

Bitcoin’s recent dip below $100,000, its lowest level since June, has sparked concerns among crypto investors. Still, two well-known market figures offer an optimistic view of where Bitcoin may be headed. Bitwise chief investment officer Matt Hougan said the latest downturn reflects peak retail capitulation rather than the start of a deeper collapse. “Crypto retail is in max desperation,” he told CNBC’s Crypto World on Tuesday. “We’ve seen leverage blowouts… the market for sort of crypto native retail is just more depressed than I’ve ever seen it.” Hougan said there…

NFT Market Cap Drops 46% in 30 Days as Blue-Chip Prices Plunge

admin

The non-fungible token (NFT) market has lost nearly half its value in the past 30 days, even as trading activity picked up in October. CoinGecko data shows that the global NFT market capitalization plunged from about $6.6 billion on Oct. 5 to $3.5 billion on Wednesday, a 45% drop in just 30 days. The slump comes despite a sales count increase in October that briefly lifted blue-chip floor prices.  CryptoSlam data shows NFTs recorded a sales count of around $631 million in October, a 13% increase from September’s $556 million.…

Bitcoin Is Infrastructure, Not Digital Gold

admin

Opinion by: Thomas Chen, CEO of Function Bitcoin exchange-traded funds (ETFs) have solved the access issue but remain passive. What is needed now are credible, auditable, institutional-grade pathways to convert Bitcoin exposure into scalable yield. Bitcoin is evolving from a digital store of value into a form of productive capital. Continuing to treat Bitcoin (BTC) like digital gold — storing it for appreciation over the long term — misses its true opportunity as a reserve asset for the digital age. Bitcoin isn’t simply a store of value; it is programmable…