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 […]
By Francisco Rodrigues (All times ET unless otherwise noted) The Czech National Bank became the first central bank in the world to buy Bitcoin BTC$95,840.23and a spot XRP exchange-traded fund (ETF) debuted in the United States with impressive trading volume. Yet what’s making headlines is bitcoin’s fall below $100,000 and the crypto market crash. The
Running for the exit: Crypto Daybook Americas Read More »
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 »
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
3 Charts to Watch as Ether Strengthens Against Bitcoin Read More »
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
Singapore Central Bank to Test Tokenized Banknotes, Introduce Stablecoin Laws Read More »
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
Bitcoin plunges below $97,000 and $880 million in liquidations Read More »
The sharp sell-off breaches the psychological low of $2.30, erasing recent gains as distribution overwhelms XRPC’s historic debut. News context XRP’s worst intraday decline in weeks coincided with a major industry milestone: the launch of the first US spot XRP ETF, Canary Capital’s XRPC, now officially live on Nasdaq at 5:30 p.m. ET. The listing
XRP ETF Fails to Pull Back Bulls as Ripple-Linked Token Plunges 7.3% Amid BTC Selloff Read More »
The 11 U.S. spot-traded Bitcoin exchange-traded funds (ETFs) collectively lost $869.86 million on Thursday, recording their second-highest outflow on record, according to data source SoSoValue. Investors withdrew $2.64 billion over three weeks, a sign of growing caution and a change in market sentiment. Thursday’s outing coincided with Bitcoin falling below the key $100,000 support level
$869 million outflow hits cash ETFs Read More »
Bitcoin Price Today: Falls to 6-Month Low Below $100,000 as December Rate Cut Bets Diminish
Tether’s dominance in the cryptocurrency market has risen sharply, reaching its highest level since April, highlighting risk aversion in the broader cryptocurrency market. Tether is the world’s largest dollar-pegged stablecoin, trading at a market cap of $184 billion at press time. Although stablecoin is widely used to finance crypto purchases and for lending and borrowing
Tether Reaches Highest Dominance Since April, Highlighting BTC’s Downtrend Read More »
