Cryptocurrency News, Analysis, and Blockchain Insights
Bitcoin (BTC) slipped below $90,000 after $200 million in leveraged liquidations left the crypto market reeling. Analysts have warned the flagship cryptocurrency could see an extended decline if bulls fail to defend the $84,000 level. BTC is down over 2% in the past 24 hours, trading around $89,535. The downturn has wiped out over $100 […]
Bitcoin (BTC) has steadied itself around $92,000 as traders digested labor market data, choppy Asian, European, and US equity markets, and central bank bets. The flagship cryptocurrency is marginally down during the ongoing trading session, holding at $92,147. Meanwhile, Glassnode analysts believe BTC’s current price action resembles that of early 2022. The on-chain analytics platform’s […]
Prediction market platform Polymarket has made its long-awaited return to the US market with a limited rollout on Wednesday after securing CFTC approval to operate as an exchange. The platform has started rolling out its US app to waitlisted users and will initially offer sports event contracts before expanding to other markets. Polymarket Makes Long-Awaited […]
A Brazilian court has sentenced 14 individuals for using shell companies and Bitcoin (BTC) to launder up to 508 million reais ($95 million) in proceeds from drug trafficking. The defendants used a maze of fake companies and cryptocurrency transactions to hide the origin of the funds. Brazil Federal Court Sentences 14 To Jail A federal […]
Ripple has secured approval from the Monetary Authority of Singapore to expand its payment activities under the Major Payment Institution license. The license allows the company to expand its footprint across Asia. The new permissions allow Ripple to offer token-based settlements and related services to banks, fintechs, and cryptocurrency firms based in Singapore. Ripple Expands […]
Bitcoin (BTC) is struggling to regain momentum after falling to a low of $83,800 on Monday. The flagship cryptocurrency has started December in the red after enduring its worst November since 2018. Meanwhile, a crypto analyst has said that RSI and Bollinger Bands data suggest BTC’s bear market bottom is at $55,000. Strategy Sets Up […]
Bitcoin (BTC) slumped to a low of $85,595 on Monday after a wave of selling and liquidations broke through several intraday support levels. Analysts have attributed the drop to forced liquidations and large stop orders being triggered. The flagship cryptocurrency recorded its worst November performance since 2018, ending the month down over 17%. BlackRock Calls […]
Bitcoin (BTC) has retained the $90,000 support level as its weekly RSI hit oversold levels, indicating a potential recovery towards $100,000. The flagship cryptocurrency is trading around $90,900, marginally up over the past 24 hours. Meanwhile, Arthur Hayes has doubled down on his $250,000 price target by the end of the year, calling the drop […]
Bitcoin (BTC) registered a marginal decline on Friday despite reaching an intraday high of $93,161, ultimately settling at $90,9902. The flagship cryptocurrency is down 0.29% during the ongoing session, trading around $90,648. Analysts believe Bitcoin may have carved out a local bottom after weeks of heavy selling, with one analyst stating a relief rally could […]
Prediction market platform Kalshi is facing a lawsuit accusing it of running an illegal, unlicensed sports betting platform and indulging in market manipulation. The lawsuit, filed in the New York federal court, claims thousands of users were misled about how the platform’s markets functioned and who they were actually betting against. Kalshi Faces Class Action […]
Balancer DAO has initiated discussions about a recovery plan after a $110 million exploit. The DAO plans to distribute $8 million in recovered assets to impacted liquidity providers, with a structured payout and white hat reimbursement mechanism for users. Balancer suffered a major exploit earlier this month, losing over $110 million from its Balancer v2 […]
Bitcoin (BTC) maintained its position above $91,000 after the flagship cryptocurrency reclaimed $90,000 earlier in the week. However, analysts have warned that Bitcoin bulls must pump more volume into the spot and futures markets to push the current price higher. On-chain data has confirmed that Bitcoin remains on shaky grounds, as demand, liquidity, and futures […]