Found 6903 news
After dropping under its 365-day moving average price, Bitcoin faces uncertainty as analysts weigh whether it signals a looming bear market or a brief pullback. Bitcoin fell below $99,000 on Tuesday, breaching a key macro indicator and reigniting debate over the market’s state. Bitcoin (BTC) dipped below the 365-day moving average, according to Julio Moreno, head of research at the data analytics platform CryptoQuant. “It was the final confirmation to the start of the 2022 bear market,” Moreno wrote in a post on X, adding: “The price needs to cross back above it quickly.” Read more
Bitcoin accumulators bought 375,000 BTC in just 30 days, with the dip below $100,000 boosting their holdings by 50,000 BTC on Tuesday, new data confirmed. 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. Read more
Bitcoin traded 20% below its all-time high of $126,000 as key onchain and technical indicators suggest that BTC has entered a new bear market. Key takeaways Bitcoin onchain data reveals that the market could be entering a macro downtrend. The psychological level at $100,000 remains the main BTC support for now. Read more
CoinGecko data shows the NFT market value has nearly halved in a month, with even top collections like BAYC and CryptoPunks losing ground. 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 and Base NFTs demonstrated resilience over the last 30 days, with increases of 9% and 24%, respectively. Read more
Former BitMEX CEO Arthur Hayes said increasing US debt will force the Federal Reserve into “stealth QE,” injecting liquidity that could reignite Bitcoin’s next rally. 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 are more and more signs that the sell-off is nearing exhaustion. “When I go out and speak to institutions or financial advisers, they’re still excited to allocate to an asset class that if you pan back and look over the course of a year, is still delivering very strong returns,” he...
In early October, Tom Lee and Arthur Hayes were confident that Bitcoin could still reach $250,000 by year-end, but analysts say half that figure is now unlikely. Bitcoin’s price appears to be losing steam, which may mean that the more optimistic forecasts for the end of 2025 may not materialize this year. However, analysts are divided on whether Bitcoin (BTC) will see renewed momentum in 2026. “We don’t expect crypto to go any higher than $125K USD in 2025,” ShapeShift analyst Houston Morgan said in comments viewed by Cointelegraph. That target is just below Bitcoin’s Oct. 4 all-time high of just over $126,000. Read more
Sequans shares fell 16% on Tuesday after the chip maker said it sold 970 Bitcoin to redeem half of its $189 million outstanding convertible debt. Shares in Sequans dropped by over 16% after selling 30% of its Bitcoin to redeem half of its convertible debt, a move the semiconductor company described as a “strategic asset reallocation.” “Our Bitcoin treasury strategy and our deep conviction in Bitcoin remain unchanged,” Sequans CEO Georges Karam said on Tuesday. “This transaction was a tactical decision aimed at unlocking shareholder value given current market conditions.” The sale cut the chip developer’s Bitcoin (BTC) stash from 3,234 BTC to 2,264 BTC, backsliding from its goal to accumulate 100,000 BTC over the next five years. Proceeds from the sale were used to cut its outstanding debt from $189 million to $94.5 million. Read more
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Binance’s CEO denied claims that the exchange influenced the choice of a Trump-linked stablecoin in a multibillion-dollar deal. The fallout from the Balancer exploit deepened as on-chain data suggested a months-long attack, and Bitcoin’s drop weighed on market sentiment. Richard Teng, CEO of the global cryptocurrency exchange Binance, has reportedly denied allegations that the company played a role in selecting a stablecoin issued by a Trump family-backed crypto business as part of a multibillion-dollar deal. According to a Tuesday CNBC report, Teng said Binance “didn’t partake” in the decision to use USD1, the stablecoin launched by the Trump family’s World Liberty Financial business, for a $2 billion deal with an Abu Dhabi-based company, MGX. Read more
The US-based cryptocurrency exchange applied for a national trust charter in October as part of its plans to “bridge the gap“ with traditional finance. The Independent Community Bankers of America (ICBA) is coming out against cryptocurrency exchange Coinbase’s application for a National Trust Company Charter in the US — a move that could threaten banks’ interests as the company moves closer to traditional finance. In a Monday letter to the US Office of the Comptroller of the Currency (OCC) — the office responsible for approving banking applications — the ICBA said it “strongly opposes” Coinbase’s subsidiary applying for a trust charter. The letter cited “untested” elements related to crypto custody, as well as claims that Coinbase’s arm would “struggle to achieve and maintain profitability during crypto bear markets.” “Imagine opposing a regulated trust charter because you prefer crypto to stay… unregulated,” said Coinbase chief legal officer Paul Grewal in a Tuesday X post. “That’s ICBA’s position. It’s ano...
Solana ETFs recorded over $400 million in inflows, but SOL’s price lost a key technical support, sparking fears of a drop toward $120. Key takeaways: The spot Solana ETFs start strong by drawing over $400 million in weekly inflows. SOL broke its 211-day uptrend, slipping below key moving averages. Read more
The companies saw profits and Bitcoin reserves rise in the third quarter of 2025 as they moved further into high-performance computing and energy development. Bitcoin miners MARA Holdings and Hut 8 posted strong third-quarter results on Tuesday, with both reporting sharply higher profits and expanding Bitcoin reserves. MARA’s revenue climbed 92% year-over-year to $252 million in the third quarter of 2025, swinging from a $125 million loss to $123 million in net income over the period, while Hut 8’s revenue nearly doubled to $83.5 million with profits of $50.6 million. Both miners also strengthened their balance sheets. MARA Holdings ended the quarter with 52,850 Bitcoin (BTC), nearly doubling its reserves from 26,747 BTC a year earlier. Hut 8 reported 13,696 BTC in its strategic reserve, up from 9,106 BTC in the same period last year. Read more
In an interview with Cointelegraph, economist Peter Schiff warns that Bitcoin’s gains are built on political and Wall Street support that may not last. In an exclusive interview with Cointelegraph, veteran economist and gold advocate Peter Schiff issued one of his starkest warnings yet about Bitcoin’s future, and the powerful forces he believes have inflated it. Schiff argues that the latest Bitcoin (BTC) bull market isn’t organic, but rather propped up by political influence in Washington, DC and Wall Street’s self-interest. Despite being proven wrong multiple times in the past, Schiff is doubling down on his statement that Bitcoin is a “bubble” and will eventually “go to zero.” The economist challenges the mainstream narrative that Bitcoin protects investors from inflation or dollar weakness, warning instead that the same institutions Bitcoin was meant to disrupt are now the ones keeping it alive. Read more
CleanSpark expanded its power capacity and secured a Texas site for its new AI campus, reflecting a broader shift among Bitcoin miners toward high-performance computing. Bitcoin miner CleanSpark expanded its power capacity by 28% in October as part of a broader push beyond crypto mining into artificial intelligence and high-performance computing (HPC). The US-based company said it had acquired 271 acres near Houston, Texas, securing 285 megawatts of long-term power for a dedicated AI data center. The move marks one of CleanSpark’s largest steps yet to diversify its operations as demand for energy-intensive computing continues to surge. CleanSpark’s AI move also led to a new partnership with Submer, a company that offers cooling solutions for data centers. “While Bitcoin remains an integral part of our business, we’re equally focused on developing large-scale data centers that will power the next generation of innovation across the digital world,” said Matt Schultz, CleanSpark’s CEO and chairman. Read more
Bitcoin price fell to 4-month lows below $100,000 as sellers completely overwhelmed buyers, and analysts speculated that “dead bodies” from the Oct. 10 sell-off are finally beginning to surface. Key points: Bitcoin falls to 4-month lows below $100,000 as sellers capitulate and spot BTC ETF outflows increase. Traders pinpoint the $88,000 to $95,000 range as a potential bottom. Read more
Richard Teng said Binance "didn’t partake" in the decision for an Abu Dhabi-based company to use World Liberty Financial's USD1 for a $2 billion investment into the exchange. Richard Teng, CEO of the global cryptocurrency exchange Binance, has reportedly denied allegations that the company played a role in selecting a stablecoin issued by a Trump family-backed crypto business as part of a multibillion-dollar deal. According to a Tuesday CNBC report, Teng said Binance “didn’t partake” in the decision to use USD1, the stablecoin launched by the Trump family’s World Liberty Financial business, for a $2 billion deal with an Abu Dhabi-based company, MGX. The Binance CEO spoke amid scrutiny from many lawmakers after US President Donald Trump issued a pardon for former CEO Changpeng “CZ” Zhao, leading to allegations of corruption and “pay for play” politics. Read more
10x Research says Ethereum faces structural risks as Bitcoin draws most institutional capital, making ETH a potential hedge short amid market caution. As Bitcoin continues to attract institutional treasury capital, Ethereum-focused companies are beginning to run out of dry powder, making the asset a potential shorting opportunity for investors looking to hedge their exposure to the digital asset sector. That was one of the key takeaways from a recent 10x Research report, which argued that shorting Ether (ETH) could be a smart hedge against Bitcoin (BTC). According to the report, Bitcoin remains the primary focus for institutional investment, while Ether exhibits structural weaknesses. The analysts said that “digital asset treasury” narratives around Ethereum have led institutions to accumulate ETH and later distribute it to retail investors — a pattern now breaking down amid a lack of transparency in private investment in public equity (PIPE) disclosures and uncertain capital flows. Read more
Bitcoin price plummets to new lows, but analysts say BTC fundamentals show the asset trading at a deep discount. Key takeaways: Bitcoin’s decline mirrors Nasdaq weakness but lacks a fundamental justification. Spot BTC ETF inflows have cooled but remain net positive, showing resilient investor demand. Read more
Mastercard’s rumored $2-billion crypto deals could bring 24/7 settlement to traditional finance, but liquidity, risk and compliance may slow it down. Mastercard is in talks to buy Zero Hash, following earlier interest in BVNK, in a push toward 24/7 stablecoin settlement. The deals could give Mastercard a turnkey onchain payments stack, accelerating its move from pilot to production. Stablecoin-based settlement would let banks and merchants transact continuously, bypassing batch cutoffs and weekend delays. Read more
A landmark ruling granting XRP property status in India strengthens investor rights and boosts confidence in digital asset ownership. The case began when Rhutikumari, an XRP (XRP) holder, filed a petition against WazirX after the exchange froze her account containing 3,532.30 XRP worth approximately $9,400. The dispute stemmed from WazirX’s response to a July 2024 hack that led to the theft of about $235 million in assets. To manage the losses, WazirX proposed a controversial “socialization of losses” plan, which would distribute the financial impact proportionally across all user accounts. Rhutikumari challenged the plan, arguing that it infringed on her ownership rights. Read more
The former FTX CEO is currently serving a 25-year sentence in federal prison, but has the opportunity to get a new trial. With 19 years remaining for Sam “SBF” Bankman-Fried in prison, the former FTX CEO’s legal team will present arguments in the appellate court as to why a panel of judges should consider overturning his conviction or sentence. On Tuesday, the US Court of Appeals for the Second Circuit will hear oral arguments from SBF’s lawyers. Though the details of the appeal were unclear at the time of publication, the former FTX CEO’s legal team said in its initial appeals filing from September 2024 that it intended to argue SBF was “never presumed innocent,” claiming that it was not allowed to present information to the court regarding the crypto exchange’s solvency. “From day one, the prevailing narrative—initially spun by the lawyers who took over FTX, quickly adopted by their contacts at the US Attorney’s Office— was that Bankman-Fried had stolen billions of dollars of customer funds, driven FTX to i...6903 items