The Bitcoin price collapsed around $6,300 on Thursday and into Friday - a total of around 8.5%. The price hit a low of $67,640 earlier on Friday, retesting the hugely important 200-week simple moving average (SMA) as it did so. Is this now the bottom for Bitcoin, or could there be one more flush-out to the bull market support trendline at $65,750?
Quick Take Stacks co-founder Muneeb Ali says the Bitcoin bottom is likely in and calls the slide an early bull-market pullback. Bitcoin sits deep in oversold territory, yet sellers still control the trend. The nearest floor near $63K now decides whether his call survives.
Three Things to Know A chartist warns XRP may slide toward $0.60 before any long-range run higher. The two-week Gaussian Channel has turned red, and daily momentum still favors sellers. The nearest daily floor sits just above his revisit zone.
Three central banks published findings from a cross-border FX settlement trial using Partior's synchronization prototype.
Ethereum 101 explains how Ethereum made blockchains programmable. It covers smart contracts, accounts and the EVM, ETH and gas fees, Proof of Stake, network upgrades, and how alternative Layer 1s trade off security, decentralization and scalability.
Nobody knows what Satoshi Nakamoto looks like. Vienna’s newest landmark leans into that mystery. Bitcoin Austria has unveiled a Satoshi statue in Viertel Zwei, a lakeside business quarter in Vienna’s second district.
Bitcoin Magazine Digital Credit: Comparing The Six Bitcoin Preferred Stocks Digital credit is an emerging asset class that transforms corporate Bitcoin balance sheets into income producing securities. Strategy pioneered the market with five perpetual preferred equity instruments: STRK, STRF, STRD, STRC, and STRE (the first four are listed in the U.S.). Strive subsequently introduced SATA and SATS, bringing the category to six U.S. instruments across two issuers.
▶ Bitcoin Magazine Over 300 Pro-Crypto Lawmakers Are Coming Into Congress Mason Lynaugh, executive director of Stand With Crypto, joins BMTV to talk through what the midterms mean for Bitcoin and crypto. Stand With Crypto’s race tracker showed 29 of 45 endorsed candidates winning. Mason’s first reason for optimism is the makeup of Congress itself: about 96 pro-crypto members in 2023, and over 300 heading into the 120th, which he calls a pro-crypto majority you could get excited about.
▶ Bitcoin Magazine Why Private AI is More Important Than Ever Mark Suman, co-founder and CEO of Maple AI, joins BMTV to talk about private AI built so that even its own team cannot read your chats. He says AI is weaving its way into every aspect of life, including financial transactions and agents paying each other, and he would not want those chats read by a company whose source code you cannot inspect. Maple was built from the ground up with open-source code and encryption.
Authorities seized more than $234 million in cash and cryptocurrency during Operation TorNado, an international crackdown on dark web drug trafficking. The operation resulted in 354 arrests as investigators pursued vendors and buyers linked to previously dismantled marketplaces. Global Drug Sweep Seizes Cash, Crypto, and Weapons The U.S. Department of Justice (DOJ) and Europol announced […]
Gold bug Peter Schiff stressed that bitcoin prices reached November 2021 levels, falling 22% over the past seven weeks, and called on investors to pivot to gold. Nonetheless, gold is also taking a beating, falling below $3.9K, with analysts warning about a major downfall. Peter Schiff Preaches Gold During Bitcoin’s Downfall, But Neither Is Thriving […]
Michael Saylor’s Strategy is currently sitting on a paper loss of more than $7 billion on its 850,364 BTC stash. This happened after bitcoin slid below $67,000 earlier today. Strategy’s Bitcoin Stack Slips Below Cost The world’s largest corporate bitcoin holder is now officially in the red, with Strategy’s most recent 8-K filing with the […]
Bitcoin’s descent below $70,000 this week has exposed a market grappling with institutional withdrawals, deteriorating liquidity, and mounting economic uncertainty. Yet beneath the selling pressure, several indicators suggest a potential reversal could be developing, leaving traders to weigh ten bearish forces against ten possible recovery catalysts. Bitcoin’s price retreat to $66,397 on Bitstamp on Nov.
TL;DR: Ethlabs proposes quantum readiness in 2027 and plans to withdraw its quick-slots work from Hegotá. Developers still need to agree on the network's priorities. Ethereum's next upgrade debate is becoming a question of how much engineering effort should move toward long-term security.
Peter Schiff has declared Bitcoin (BTC) is in a long-term bear market after it dipped to $68,000, below where it traded in November 2021. But he was countered by some supporters of the OG cryptocurrency, who said that comparing old peaks with later lows proves little. A Pointed Question for 2021 BTC Buyers In a post on X today, Schiff asked Bitcoin investors to consider how they would have reacted five years ago if someone told them the asset would eventually trade below its November…
The cryptocurrency market can’t catch a break these days, with another leg down as the weekend begins, which is typically a calmer period. BTC leads the pack with a dive to under $67,000 for the first time in almost three months, while ETH dipped below $1,900, and XRP struggles to remain at $1.00. Bitcoin Tanks Again We have written a lot about the major price developments over the past ten days or so, which began after the US midterms.
Jensen Huang officially stepped down as CEO and board member of Nvidia following days of escalating scrutiny over reported extramarital relationships and questions surrounding one of them that US officials suspected… CFO Colette Kress will serve as interim chief executive while the company searches for a permanent replacement, ending Huang’s more than three-decade run at the helm of the firm he co-founded. Huang’s Exit and Nvidia The most obvious immediate risk is a more profound crisis of confidence around one of the world’s most important companies.
