The broader crypto market is in freefall, with more than $1 trillion wiped out in just hours. Bitcoin plunged to $88,000 as forced liquidations, AI-driven stock volatility, and a tightening liquidity environment added heavy pressure. Ethereum, XRP and most altcoins followed the same path, dropping to levels not seen in months. Analysts stress that the …
The crypto market fell sharply today, wiping billions from major assets within hours. Bitcoin dropped to around $88,650, down more than 12% this week, while Ethereum slipped to $2,905 after a 14% seven-day decline. XRP also retreated to $2.05, extending its weekly losses to nearly 16%. The global market cap now sits near $3.06 trillion, …
The Bitwise XRP ETF officially launched on the New York Stock Exchange this morning, trading under the eye-catching ticker $XRP. Within hours of going live, the fund crossed 610,045 XRP traded, translating to $14.26 million in early volume. Updated projections now estimate the ETF could finish Day 1 with as much as $92.7 million. Ripple …
PUMP.fun price is drawing renewed attention as the platform aims to make history by achieving a goal of $1 billion lifetime revenue milestone. The surge in new SPL tokens, rising daily minting, and continued buybacks have strengthened optimism around the ecosystem. Also, Mayhem Mode’s intensified activity supports a shifting narrative for PUMP crypto amid current market …
Tether has invested in Parfin, a Latin American platform offering custody, trading, and on-chain settlement solutions, to accelerate institutional adoption of its stablecoin USDT. This partnership aims to expand use cases like global payments, real-world asset tokenization, and credit market settlements, making digital assets more accessible and efficient in the region. By supporting Parfin, Tether …
Good Morning, America! Here are the latest crypto news updates you missed during the Asian market hours Bitcoin price today is fighting hard to recover after dipping to $92K earlier this week. It has now bounced above $93K, gaining over 4% in a few hours thanks to stronger tech-sector sentiment. Ethereum is trading weak but …
The PI Network (PI) price has gained fresh momentum as the project’s regulatory filing under the EU’s MiCA framework renews confidence across the community. With clarity on self-custody compliance, exchange-readiness, and a clear plan for market entry, PI crypto is witnessing increased excitement supported by whale accumulation and strengthening chart indicators. PI Network (PI) Price …
Cardano (ADA) founder Charles Hoskinson previously projected that the Bitcoin price could reach an impressive price of $250,000 as early as this year. This bold forecast, made in April, came at a time when Bitcoin was trading at $77,000 after achieving a record high of $109,000 in January. Hoskinson’s Optimistic Bitcoin Price Forecast Hoskinson’s optimism was based on his belief that international negotiations, particularly between the US and China, would favor Bitcoin’s growth. The Cardano founder suggested that easing tariffs would lead to a positive market reaction and bolster adoption, particularly with the anticipated passage of the GENIUS Act, which was signed into law by President Trump a few months later. Related Reading: Bitcoin Dips Below $90,000—Yet Altcoins Remain Unscathed: Here’s Why However, the current market realities have raised doubts about Hoskinson’s prediction. Since then, Bitcoin has experienced significant fluctuations, briefly regaining momentum to reach $126,000 mid-October, only to see the broader crypto market subsequently shed over $1 trillion in total market cap. This downturn has largely been attributed to persistent selling pressure by concerned investors, and substantial outflows from the Bitcoin exchange-traded fund (ETF) sector, with nearly $2 billion sold over since October. As it stands, Bitcoin is trading at approximately $89,300, marking a nearly 30% decline from its recently achieved all-time highs. In light of this, Jacob King, CEO of Swandesk, publicly dismissed Hoskinson’s $250,000 price target, characterizing it as unrealistic. Is Bitcoin In A New Bear Market Cycle? In a post on social media platform X (formerly Twitter), King stated that such lofty price predictions are “pulled out of thin air” and reflect a market still grappling with “delusions.” King elaborated on his viewpoint, suggesting that the industry is in the early stages of a new bear market cycle. He is not alone in this assessment. Market expert Lark Davis recently noted that, based on the classic four-year Bitcoin price cycle, the cryptocurrency has officially entered bear market territory. Davis commented that this scenario leaves two possibilities: either the established four-year cycle is no longer relevant, or the market has indeed shifted into a bearish phase. Given the current macroeconomic backdrop, he leans toward the latter interpretation. Related Reading: Kraken Achieves $20 Billion Valuation With $200 Million Investment From Citadel Additionally, others in the market have echoed these bearish sentiments. An analyst known as Mr. Wall Street has recently speculated that the Bitcoin price peaked at $126,000. The analyst believes that this may mark the zenith for this cycle, predicting that the Bitcoin price could next face significant downward pressure, potentially slipping to a range between $74,000 and $82,000. He further forecasts a possible decline to levels between $54,000 and $60,000 by the fourth quarter of 2026. Featured image from DALL-E, chart from TradingView.com
Nearly two years after the inception of the Bitcoin ETF sector in the United States, these funds are currently grappling with significant challenges, exacerbated by mounting concerns regarding a potential bear market in the coming months. This turmoil is exemplified by the BlackRock iShares Bitcoin Trust ETF (IBIT), which experienced its largest single-day withdrawal since launch, further contributing to the decline in Bitcoin’s price. Profit-Taking And Caution The recent outflows from BlackRock’s Bitcoin ETF highlight the severity of the current selloff within the Bitcoin market, which has experienced a substantial correction below the crucial $100,000 mark following a record high reached in October. Related Reading: Kraken Achieves $20 Billion Valuation With $200 Million Investment From Citadel This downturn emphasizes the widespread pullback affecting various risk assets, while gold has notably remained resilient. Some analysts suggest that these developments indicate a trend of investors shifting their exposure from Bitcoin to gold. “The crypto market entered a hangover in August,” said Thomas Perfumo, Global Economist at Kraken, in a recent interview with Reuters, noting that much of the earlier demand for Bitcoin had been fueled by borrowed funds. He added, “Momentum seemingly peaked during the summer. But the truth is this hangover trend started months ago.” Analysts have also pointed to profit-taking behaviors among long-term holders and increasing caution among Bitcoin ETF funds and digital asset treasury (DAT) firms, which had previously ramped up their acquisitions throughout the year. Brian Vieten, a research analyst at Siebert Financial, stated that Bitcoin treasury companies had collectively purchased nearly $50 billion worth of Bitcoin over the past year. Recently, however, many of these firms have begun trading at a discount to their net asset value, which could dampen market expectations for new Bitcoin purchases in the near term. Bitcoin ETF Inflows Plummet This shift occurs amid rising concerns among heavyweight investors regarding inflated valuations across various asset classes. José Torres, a senior economist at Interactive Brokers, noted that “an ongoing lack of speculative spirits is weighing on Bitcoin.” Related Reading: Bitcoin Dips Below $90,000—Yet Altcoins Remain Unscathed: Here’s Why Despite managing over $73 billion in assets, IBIT has seen a decline of 19% in the current quarter. Data from SoSoValue indicates that spot Bitcoin ETF funds collectively have recorded $2.59 billion in outflows this month alone. Leading the pack is BlackRock’s Bitcoin ETF, which has experienced $1.78 billion in outflows in November alone. The Fidelity Wise Origin Bitcoin Fund (FBTC) ranks second, with nearly $540 million in outflows. The turbulence isn’t limited to Bitcoin; the Ethereum exchange-traded fund sector also faced outflows, totaling approximately $74.2 million yesterday, with BlackRock selling off $165.1 million. On a more positive note, Solana spot ETFs reported net inflows of $30.09 million on Tuesday, primarily driven by Bitwise’s BSOL. This marks a major streak of 15 consecutive days of inflows for Solana. Featured image from DALL-E, chart from TradingView.com
World Liberty Financial (WLFI) faced a security breach from phishing and exposed seed phrases before its platform launch, impacting a small number of user wallets. To protect users, WLFI froze the affected wallets and began a Know Your Customer (KYC) re-verification process. The platform developed new smart contract logic to securely migrate funds to new …
Binance founder Changpeng Zhao (CZ) continues to make headlines following the controversy around his presidential pardon. Recently, CZ said that if the $4.3 billion fine he paid to U.S. regulators were ever refunded, he would reinvest the entire amount back into America as a “gesture of gratitude.” He emphasized that he has never requested a …
The possibility of BlackRock launching a spot XRP ETF has become one of the most widely discussed topics in the XRP community. Analysts argue that if the world’s largest asset manager enters the XRP market, it could trigger a big shift in institutional adoption, liquidity, and long-term price behavior. This discussion recently resurfaced after analyst …
Bitcoin briefly bounced from around $88,700, a level that acted as minor support on the charts. What made the move interesting is that it happened right as Nvidia released its earnings, which brought a bit of optimism back into global markets. This small lift helped Bitcoin recover slightly, but experts say the bounce is still …
Bitwise has officially announced that its spot XRP ETF goes live today on the New York Stock Exchange. The company called it a major step forward for XRP, now the world’s third-largest crypto asset by market cap. A listing page for the fund has already appeared on Bloomberg, and the ticker will simply be XRP, …
A new political fight has started in Washington as Senators Elizabeth Warren and Jack Reed have asked the U.S. Department of Justice and the Treasury Department to investigate World Liberty Financial, a crypto firm linked to Donald Trump. The senators say the company may not have strong protections against suspicious money and could be connected …
The first-ever spot XRP ETF just had a huge first week on Nasdaq. In only four days, it pulled in a massive $128 million in trading volume. Canary Capital’s XRPC ETF showed that interest in a regulated way to invest in XRP is stronger than expected. But the fast start came with a twist. Even …
Bitcoin ATMs have started appearing in some of Nairobi’s busiest malls, just days after Kenya’s new law on virtual assets came into effect. According to a local media outlet, Capital News, the bright orange “Bankless Bitcoin” machines can be seen in popular spots like Two Rivers Mall in Gigiri, Westlands, and along Ngong Road. They …
The TEL price has delivered an impressive 160% November surge, rising from $0.0026 to $0.006 as Telcoin breaks a multi-month falling wedge pattern. Although volatility persists, the long-term structure on the weekly chart and renewed on-chain confidence have drawn renewed attention to TEL crypto, especially with increasing ecosystem developments. TEL Price Breaks Out After 160% …
Good morning! The US market woke up today to a mix of anxiety and curiosity as the crypto charts flashed red almost across the board. So let’s walk through everything that unfolded overnight from price action to ETF flows to the biggest headlines of the last 12 hours. Crypto Market News – Asian Hours Recap …
Hyperliquid, a leading on-chain decentralized exchange, has introduced an exciting update that makes it easier, cheaper, and faster for anyone to launch new markets. This has sparked a lot of interest in the crypto community as it aims to lower the barriers to entry and bring in more activity and liquidity to the platform. This …
The MYX price has staged an impressive 85% rebound in November, offering a glimmer of optimism after a steep collapse from its September highs. Although MYX crypto remains nearly 80% down from its peak, the ongoing recovery and strong on-chain activity have renewed investor attention, particularly as volume and user engagement remain intact. MYX Price …
A new political and regulatory storm is forming around World Liberty Financial (WLFI), a crypto firm closely tied to U.S. President Donald Trump and his family. This week, Democratic Senators Elizabeth Warren and Jack Reed urged the Department of Justice and the Treasury to launch an investigation into the company over concerns that its token …
Senator Tim Scott announced the Senate aims to vote on a crypto market structure bill in December. The bipartisan legislation seeks to clarify crypto regulations, resolve agency oversight conflicts, and boost innovation. If passed, it could reach President Trump early next year for signing, potentially making the U.S. a global leader in crypto oversight. Committees …
Kraken has secured $800 million in fresh funding across two tranches, boosting its valuation to $20 billion. With the new capital, the company plans to support its push into new markets, build more asset offerings, and strengthen its position ahead of a planned IPO next year, as it plans to speed up its strategy of …
Donald Trump has pushed the Federal Reserve back into the center of the crypto macro narrative, telling reporters he “already” knows who should succeed Jerome Powell and triggering a sharp repricing in real-money prediction markets in favor of Kevin Hassett. In remarks in the Oval Office, Trump said: “I think I already know my choice,” when asked about the next Fed chair. He added that he would “love to get the guy currently in there out right now, but people are holding me back,” a clear swipe at Powell without naming him. Trump also hinted at the shape of his shortlist, saying, “We have some surprising names and we have some standard names that everybody’s talking about. And we may go the standard way. It’s nice to every once in a while go politically correct.” That was enough to move markets. On Polymarket and Kalshi, contracts on “Who will Trump nominate as Fed Chair?” quickly converged around Hassett, with odds in the mid-40s to high-40s percent range. Jim Bianco summarized the shift by writing: “He wants Bessent but will take Hassett. The rest get to take selfies in the Oval Office.” In a follow-up, he noted that “Hassett (blue) is separating himself from the pack and is on the verge of being the first person to trade over 50%,” as prediction markets pushed his contract well clear of rivals. Kalshi’s own social media account underscored the move: “BREAKING: Trump thinks he ‘already knows’ who will be next Fed Chair. 47% chance it’s Kevin Hassett.” The pseudonymous trader Byzantine General zoomed out to the timeline, pointing out that “Powell’s term ends May next year,” and sketching out a Q2 scenario with “a FED chair that listens to Trump” and “tariff dividends for plebs,” before cautioning that “you never know with Trump of course, but man, there could be something cooking.” Related Reading: Crypto Market Wipes Out $1 Trillion Since October: Analyzing The Forces Behind The Crash What Hassett Could Mean For The Crypto Market For macro-oriented crypto traders, the key is the policy signal embedded in those probabilities. Hassett is widely perceived as more dovish than Powell and more aligned with Trump’s preference for easier financial conditions. That is why trader CRG (@MacroCRG), framed the moment as the arrival of a “New hand picked super dove as Fed chair coming soon.” Macro and crypto analyst Alex Krüger went further, arguing that the Fed-chair race is the real medium-term driver for risk assets once the current FOMC noise fades. “Here’s the next macro catalyst after the FOMC. A bullish catalyst the market is paying no heed to atm. It’s hard to peer into the horizon when stressed to the marrow about the present,” he wrote, adding that “the most bullish choices would be Hassett (likely), Rieder (possibly) and Zervos (unlikely).” Related Reading: Crypto Carnage Continues — Tom Lee Exposes What’s Really Going On The reason crypto traders care is straightforward: crypto assets trade as high-beta, liquidity-sensitive risk assets. A chair seen as more willing to cut rates faster, tolerate easier financial conditions or respond aggressively to equity and growth weakness is, in market logic, a structural tailwind for the long-run liquidity environment that underpins speculative flows into bitcoin and other cryptocurrencies. At the same time, Trump’s open pressure on Powell and his readiness to talk about replacing the Fed chair in overtly political terms reinforce another strand of the crypto thesis. The more investors worry about the politicization of US monetary policy and the erosion of central-bank independence, the more compelling the “Bitcoin as hedge against political and institutional risk” narrative becomes for a subset of allocators. For now, nothing has changed at the Fed. Powell remains in office, and all that has moved is a set of probability distributions on prediction markets. But as those distributions shift toward Kevin Hassett, crypto traders are already treating the prospective hand-off as a latent, potentially significant bullish tailwind building in the background. At press time, the total crypto market cap was at $3.11 trillion. Featured image created with DALL.E, chart from TradingView.com
Bitcoin has been under pressure lately, facing more volatility than investors expected. Many companies tied to it have also been hit hard, and Strategy, led by Michael Saylor, is high on that list. The firm’s stock has faced a notable decline, sparking criticism about its long-term Bitcoin-focused approach. Saylor is now pushing back and offering …
Malaysia’s Energy Ministry reported that between 2020 and August 2025, illegal crypto miners stole more than $1.1 billion worth of electricity from national utility TNB. Authorities uncovered 13,827 sites tampering with or bypassing meters to power their mining rigs. TNB is working with enforcement agencies, using smart meters and conducting raids to fight back against …
According to latest reports, Pi Network is trying to use its huge community of more than 50 million users to create a decentralized AI compute layer. The idea is simple. Instead of depending only on giant cloud providers, Pi wants everyday people and their devices to help power AI. How the Network Would Work Pi …
The US-based cryptocurrency exchange Kraken recently secured a substantial $200 million investment from Citadel Securities, a global market maker. This investment values the exchange at an impressive $20 billion. Kraken’s Growth Backed By Citadel Securities Citadel Securities has expressed enthusiasm about supporting Kraken’s growth, emphasizing the firm’s role in shaping the future landscape of digital innovation within markets. Related Reading: Bitcoin Price Alert: This Indicator Signals SELL, Could History Repeat With A 67% Drop? Jim Esposito, president of Citadel Securities, highlighted their commitment to collaborating with Kraken on risk management and market structure analysis, among other strategic initiatives. This capital infusion comes on the heels of a previous financing round back in September of this year, during which the digital asset platform successfully raised $600 million at a $15 billion valuation. Investors in this earlier round included Wall Street entities such as Jane Street, DRW, HSG (formerly known as Sequoia Capital China), Oppenheimer, Tribe Capital, and the family office of Arjun Sethi, who serves as the exchange’s co-CEO. IPO Plans Unhurried Despite Strong Figures Kraken’s fundraising efforts, totaling $800 million across its two recent financing rounds, have significantly strengthened the company’s financial position ahead of its planned initial public offering (IPO) in the upcoming year. Related Reading: Crypto Market Wipes Out $1 Trillion Since October: Analyzing The Forces Behind The Crash However, last week, Bitcoinist reported that Kraken has no plans to speed up its initial public offering, backed by robust financial figures. In a Yahoo Finance interview, Sethi stated, “We have enough capital on our balance sheet as a private company. We don’t race to the door as quickly as possible.” Arjun Sethi previously emphasized the importance of maintaining a prudent approach, ensuring that the company’s financial foundation remains robust and poised for sustainable growth. In the wake of the recent funding, Sethi stated: This investment represents long-term conviction in Kraken’s mission to build trusted, regulated infrastructure for the open financial system. Our focus has always been straightforward: to create a platform where anyone can trade any asset, anytime, anywhere. The exchange also disclosed substantial revenue growth in the third quarter of the year, reaching $648 million. Yet, its closest competitor, Coinbase—the largest exchange in the country—reported revenue growth of $1.9 billion. Kraken’s recent acquisitions, including its $1.5 billion purchase of the futures trading platform NinjaTrader, are further examples of the exchange’s strategic expansion efforts this year. Looking ahead, the exchange revealed in a blog post: We plan to enter new markets across Latin America, Asia Pacific and EMEA, while broadening our offerings beyond crypto to include additional asset classes, advanced trading tools and staking solutions, expanded payment services and enhanced institutional capabilities. Featured image from DALL-E, chart from TradingView.com
XRP’s weekly chart has been flashing the same warning for months. A large bearish pattern that first appeared in late July and early August is still active, and it continues to push the price lower. This long-term signal shows fading strength and very little upward momentum. Because this pattern has not ended yet, XRP is …