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8% plunge as Ether ETFs bleed $1.4 billion and long-term holders sell

Ethereum Ether ETH$3,203.64 fell sharply from Thursday to Friday, plunging more than 10% from peak to trough in an accelerated large-scale crypto sell-off with bitcoin falling below the $100,000 level. The second-largest cryptocurrency fell from $3,565 earlier Thursday to $3,060 Friday morning, erasing all of last week’s rebound. It recently stabilized just below $3,200, still

8% plunge as Ether ETFs bleed $1.4 billion and long-term holders sell Read More »

Bitcoin (BTC) Acquisition Continues at Strategy (MSTR), Says Michael Saylor

Ignore the noise, says Michael Saylor, executive chairman of Strategy (MSTR). With Bitcoin BTC$96,318.31 and Strategy shares continue their sharp decline, Saylor during an appearance on CNBC Friday morning said his company remains committed to its BTC accumulation strategy. “We are buying Bitcoin, we will post our next purchases Monday morning,” Saylor said, adding that

Bitcoin (BTC) Acquisition Continues at Strategy (MSTR), Says Michael Saylor Read More »

American Bitcoin (ABTC), linked to the Trump family, posts a profit in the third quarter, doubles its revenue

Bitcoin miner American Bitcoin (ABTC) reported a third-quarter profit and said its revenue more than doubled from the year-earlier period as it expanded its mining capacity and completed its first full quarter as a publicly traded company. Net income for the Miami-based company, 20% owned by Donald Trump Jr. and Eric Trump, rose to $3.47

American Bitcoin (ABTC), linked to the Trump family, posts a profit in the third quarter, doubles its revenue Read More »

BTC Price Surpasses $98,000 as Liquidations Surpass $1.1 Billion

The crypto market is facing one of its toughest tests yet, with bitcoin. BTC$97,014.68 price breaks below the crucial $98,000 support level following a wave of selling pressure amid low liquidity environment. The selloff resulted in more than $1.1 billion in liquidations, about half of which was on Bitcoin trading pairs, according to CoinGlass. The

BTC Price Surpasses $98,000 as Liquidations Surpass $1.1 Billion Read More »

3 Charts to Watch as Ether Strengthens Against Bitcoin

This is a technical analysis article written by CoinDesk Analyst and Certified Market Technician Omkar Godbole. It’s unusual to see ether ETH$3,207.31the world’s second-largest cryptocurrency by market capitalization, showing relative strength against market leader Bitcoin on a day when the market is under pressure. Today is exactly this rare case. While Bitcoin BTC$97,312.27 slipped more

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Singapore Central Bank to Test Tokenized Banknotes, Introduce Stablecoin Laws

The Monetary Authority of Singapore (MAS) plans to test tokenized invoices settled with the central bank’s wholesale digital currency (CBDC) as the next phase of integrating blockchain-based finance into its economy. Singapore’s central bank is also preparing a bill for a regulatory regime for stablecoins, Chia Der Jiun, chief executive of MAS, said at the

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Bitcoin plunges below $97,000 and $880 million in liquidations

A further decline in the Asian morning exacerbated losses for hopeful traders as bitcoin lost the $98,000 level for the first time since May, extending a week of bleeding that dragged the majors lower. Ether fell more than 8% to around $3,500, while XRP, DOGE$0.1647Solana’s SOL and Cardano’s ADA saw similar declines. The tone remained

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