Category: Cryptocurrency news

Strategy, Strive face balancing act between bitcoin buying and preferred stock dividends

Bitcoin BTC$84,459.46 treasury companies like Strategy (MSTR) and Strive (ASST), whose purchases help maintain demand for the largest cryptocurrency, have a tough balancing act, according to Fidelity Digital Assets and analysts who spoke to CoinDesk. On the one hand, they need cash to fund their purchases. On the other, they need to maintain investor appetite […]

Bitcoin Price Faces $78K Threat as Sellers Hammer Key Support

Bitcoin’s $80,000 Defense Faces Another Test as Bears Hold the Line Bitcoin’s price hovered around $80,500 on Saturday morning, around 8 a.m. Eastern time, with the leading cryptocurrency pinned near the bottom of its daily trading range while shorter-term technical indicators continued flashing bearish warnings. Although the broader technical structure hasn’t entirely surrendered to sellers, […]

Bitget hacker just began laundering the $388 million loot

The Bitget hacker has resumed moving stolen cryptocurrency, transferring $19.48 million across 52 transactions in what may signal the start of a laundering effort involving the $388 million exchange breach. According to blockchain intelligence firm Arkham Intelligence, the transfers occurred between October 21 and October 24, with nearly all funds sent to previously unused wallets. […]

Has the Lull in Bitcoin Lasted Too Long? Bitwise Identifies Two Levels That Could Separate the Bulls from the Bears

Bitwise’s Bitcoin analysis published today notes that despite the price being confined to a narrow range, there is a significant divergence among investor groups. The company stated that Bitcoin ETF investors are showing resistance around the approximately $82,000 cost zone. Below this, short-term investors are drawing attention to the “True Market Mean” indicator around $77,600, […]

AbraGlobal Expands Bitcoin Yield Strategy for US Investors

AbraGlobal has expanded its tokenized yield strategy suite to include Bitcoin, allowing eligible US investors to earn yield on BTC. This move, reported by CryptoTwitter commentator @Morpho, reflects a growing trend in crypto-backed financial products. By integrating Morpho’s technology, Abra aims to enhance investment options for its users, signaling potential shifts in the market landscape. […]

Bitcoin Investors Look To Mid-Term And Fed Meeting Results Amid Range-Bound Trading

Bitcoin investors are currently looking to the outcome of the upcoming mid-term elections, Federal Reserve policy meeting and tech earnings announcements for clues regarding the cryptocurrency’s next moves as it trades range-bound. The digital currency has been trading within a relatively modest range since earlier this month, a fact that was noted by several analysts […]

James Wynn Opens 40x Short on Bitcoin

James Wynn has re-emerged in the crypto scene by opening a substantial 40x short position on Bitcoin. This move, valued at approximately $40.5K, has drawn attention as traders consider its implications. The liquidation price is set at $82,671.48, indicating considerable risk and potential impact on market dynamics. Observers are keen to see how this strategy […]