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BTC may need to fall below $53,500 before the bottom is reached

With bitcoin trading near its 200-week moving average, a long-term support indicator currently sitting around $62,400, investors are closely watching to see if the level can hold. If the 200WMA breaks, attention will likely shift to the realized price of bitcoin, currently around $53,457, which has historically served as the last line of support during

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European Parliament approves digital euro framework to counter US payments monopoly

“Strengthening the resilience of payments in Europe has become a geopolitical necessity,” Markus Ferber, senior member of the ECON committee, said on Tuesday. “In a world marked by geopolitical tensions, we can no longer accept that digital payments depend largely on the goodwill of a few foreign providers,” he added, echoing concerns expressed across the

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Bitcoin slides to $62,300 as tech stocks rout sends crypto lower

The crypto market fell on Tuesday, with bitcoin BTC$62,765.58 trading at $62,300, having lost 2.5% since midnight UTC, while ether (ETH) fell more than 4% to $1,650. The sell-off follows a slowdown in technology stocks on Monday, with another day in the red heralded by Nasdaq 100 futures, which have fallen 2.5% since midnight. Tech

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Bitcoin Volatility Looks Cheap As $10 Billion Options Settlement Approaches: Crypto Daily

“Call spreads remain attractive for anyone wanting exposure to the recovery after the post-quarter reset. And they now look even better on a relative flight basis, since long call spreads are buying the cheaper wing of a bias that leans the other way,” he said. A number of factors could increase volatility in the short

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Ripple obtains preliminary approval in the EU thanks to Luxembourg MiCA license

Ripple, the blockchain company behind the XRP Ledger, is in the process of obtaining regulatory approval from the European Union (EU) via a license in Luxembourg. The San Francisco, California-based company has received a preliminary green light for a crypto asset service provider (CASP) license from the country’s Financial Sector Supervisory Commission (CSSF) under the

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AI miner Hut 8 to pay $2.35 million to settle investor claims related to USBTC merger in 2023

Former Bitcoin miner Hut 8 (HUT) has agreed to pay $2.35 million to settle a securities class action lawsuit alleging it misled investors in connection with its 2023 merger with US Bitcoin Corp. The lawsuit, filed in the U.S. District Court for the Southern District of New York, focused on the merger of all shares

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SpaceX’s $600 billion plunge wiped out nearly half of Bitcoin’s market cap in three days

SpaceX stock lost more than $600 billion in market value over three trading days, nearly half of bitcoin’s $1.3 trillion market cap, after announcing its first bond sale. Bitcoin BTC$62,849.42 fell less than 1% during the same period, settling at nearly $63,600, according to CoinDesk data. The stock fell 16% Monday to $154.60, its lowest

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