‍Bitcoin (BTC) Price Drops, Threatening Two-Year Uptrend Bitcoin has fallen below key support levels, risking the end of its two-year bull run. The cryptocurrency's recent decline has brought it close to erasing all of its 2025 gains. BTC dropped below $98,000 on Thursday and is nearing its $93,500 yearly open. A close below this level would nullify its year-to-date gains. Critically, it faces its first weekly close below the 50-week SMA since 2023. To maintain the bullish trend, BTC must reclaim $101,000 by Sunday. Researcher Axel Adler Jr. noted a lack of market support, with metrics turning into resistance. Short-term holders are experiencing significant unrealized losses, approaching a potential capitulation phase. The 6-12 month holder cost basis near $94,000 is a critical level to watch for potential stabilization.
Cryptovka
Bitcoin Plunges: Two-Year Uptrend at Risk as Key Support Crumbles
Bitcoin (BTC) has experienced a significant downturn, breaking below crucial support levels and jeopardizing a two-year uptrend....
‍Eric Trump Views Market Volatility as an Opportunity to Acquire More Bitcoin Eric Trump, co-founder of American Bitcoin, sees cryptocurrency market volatility not as a threat, but as a strategic advantage. His firm, American Bitcoin, significantly increased its Bitcoin holdings amidst a market correction, adding over 3,000 BTC in the third quarter. Trump stated, "Volatility is your friend." He believes investors unable to embrace market swings "should probably get out of it." American Bitcoin's strategy focuses on bolstering Bitcoin reserves and enhancing the Bitcoin-per-share ratio to strengthen shareholder value.
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Eric Trump Embraces Volatility as American Bitcoin Boosts BTC Holdings Amid Dip
The recent turbulence across the digital asset markets has left many investors reeling, but Eric Trump, co-founder of American Bitcoin, remains und...
‍HoloAvatar App Sparks Debate on Digital Legacy and Data Ownership AI-powered app HoloAvatar allows creation of interactive digital replicas of deceased loved ones, raising ethical questions about consent, privacy, and data ownership. The app uses proprietary FedBrain technology and plans a subscription model, with links to an $AWAI token. Critics label it "demonic" and exploitative of grief, highlighting legal gray areas for posthumous digital likenesses. California's AB 1836 is a legislative step towards protecting digital legacies.
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AI "Grief Tech" App HoloAvatar Sparks Debate on Digital Legacy and Data Ownership
A new AI-powered mobile application, HoloAvatar by 2Wai, has ignited a fierce debate within the tech community and among the public regarding the e...
‍Grant Cardone Launches Hybrid Real Estate and Bitcoin Fund Real estate investor Grant Cardone is introducing a novel strategy combining traditional commercial property investments with Bitcoin allocations. The latest fund includes a 366-unit multifamily complex valued at $235 million, augmented by $100 million in BTC. Cardone believes this blend offers stability from real estate and growth potential from Bitcoin, with rental income potentially used for further BTC purchases. This approach contrasts with crypto treasury companies that lack a consistent cash-flowing operating business, a vulnerability highlighted by recent market downturns. The model aims for a more resilient digital asset exposure.
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Grant Cardone Pioneers Hybrid Funds: Real Estate Meets Bitcoin for Stable Growth
Real estate investor Grant Cardone is forging a new path in digital asset investment with an innovative real estate hybrid fund strategy....
‍MicroStrategy Buys Dip, Denies BTC Sell-Off Reports Michael Saylor, Executive Chairman of MicroStrategy, has denied claims that the company sold approximately 47,000 BTC amid a recent market downturn. Saylor confirmed MicroStrategy continues to accumulate Bitcoin, especially during price dips, reinforcing its long-term bullish outlook. While MicroStrategy remains the largest corporate holder of Bitcoin, its market dominance is facing increased competition from other institutional players. The company's stock (MSTR) has also seen a significant decline.
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Strategy Buys the Dip as Michael Saylor Denies BTC Dump Reports
Michael Saylor, the executive chair of Strategy, has vehemently denied recent reports suggesting that the company was divesting a significant porti...
‍CFO Convicted for $35M Crypto Loss During Terra Collapse A former CFO has been convicted on four counts of wire fraud after secretly investing $35 million of company funds into high-risk DeFi protocols. The investments were largely lost during the Terra (LUNA) ecosystem's collapse in May 2022. Nevin Shetty's scheme involved transferring funds to his personal platform, HighTower Treasury, and then into DeFi lending protocols. Despite initial profits, the collapse of Terra (UST) wiped out his $35 million in holdings by May 13, 2022. Shetty now faces up to 20 years in prison.
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CFO Convicted for $35M Crypto Investment Loss Amid Terra Collapse
A former Chief Financial Officer (CFO) has been convicted on four counts of wire fraud after secretly diverting $35 million of company funds into...
‍BlackRock's $2.5B BUIDL Fund Expands to Binance and BNB Chain BlackRock's $2.5 billion USD Institutional Digital Liquidity Fund (BUIDL) is now accessible on Binance and BNB Chain, according to Securitize. This integration allows institutional clients on Binance to use the U.S. Treasuries-backed BUIDL fund as collateral for trades. The fund, launched in March, offers an annualized yield of 3.7% and is now available across eight blockchains. This move signifies a growing trend of traditional finance firms engaging with crypto exchanges and highlights the increasing importance of tokenized real-world assets.
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BlackRock
BlackRock’s $2.5 billion USD Institutional Digital Liquidity Fund (BUIDL), a significant player in the tokenized real-world asset (RWA) space, is...
‍Fed's Hawkish Stance Sparks Global Market Sell-Off Amid AI Bubble Fears The Federal Reserve's hawkish stance has dampened hopes for a December rate cut, leading to a global market downturn. This correction, amplified by economic data uncertainty and concerns over an "AI bubble," signals increased volatility for investors, including those in the digital asset space. Jeremy Stretch of CIBC Markets noted the shift in rate cut expectations, stating, "We’re back to a 50/50 expectation for a December rate cut, and that, combined with concerns about an AI bubble, has shaken market sentiment." These macroeconomic headwinds and tech valuation uncertainties may also impact the cryptocurrency market, with digital assets often reacting sensitively to broader market liquidity and risk appetite.
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Fed Dashes Rate Cut Hopes, Triggers Global Market Sell-Off Amid AI Bubble Fears
The Federal Reserve
‍Bitcoin Drops Below $95K Amidst Record ETF Outflows, Market Enters "Extreme Fear" Bitcoin has plunged below $95,000, with record ETF outflows of $867 million contributing to the downturn. The Crypto Fear & Greed Index now signals "Extreme Fear." Crypto-exposed stocks like MicroStrategy and Coinbase also saw significant declines. Analysts suggest the derivatives market may take up to two quarters to recover lost Open Interest. Despite the volatility, the long-term bullish outlook for Bitcoin remains.
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Bitcoin Plunges Below $95K Amidst Massive ETF Outflows, Market Enters Extreme Fear
The cryptocurrency market is experiencing a significant downturn, with Bitcoin (BTC) falling below the $95,000 mark....
‍YUBIT Rebrands: Merging Crypto Trading with Gamification On its 5th anniversary, YUBIT (formerly SAFEX) transforms into a comprehensive cryptocurrency ecosystem. The platform now integrates trading with gamified features like quests and trading challenges, aiming for enhanced user engagement. Moss Kirk, YUBIT's marketing manager, stated: "We want to merge the excitement of gaming with the precision of trading." The exchange also emphasizes transparency and reliability in its system upgrades. YUBIT is expanding its global footprint and educational initiatives.
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YUBIT Transforms: From Crypto Exchange to Gamified Ecosystem on its 5th Anniversary
Singapore, Singapore – On its fifth anniversary, YUBIT, formerly known as SAFEX, is embarking on a significant transformation, rebranding itself ...