Bitwise XRP ETF launch brings institutional-grade XRP access, expanding Bitwise's crypto ETF portfolio beyond Bitcoin offerings.
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Bitcoin slips below cost-basis levels as ETF outflows and weak spot activity signal bearish sentiment and cautious trader positioning.
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The timing of the interfaces aligns with Coinbase’s Dec. 17 event, where the exchange says it will unveil new products and business updates.
Aster introduces Machi Mode to reward users for liquidations, turning trading losses into a gamified leaderboard experience.
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ZKPs could become the backbone of a new era of trusted AI and digital identity, giving individuals and organizations a way to interact safely and transparently across platforms and borders, argues Evin McMullen, CEO and co-founder of Billions Network.
Cantor analysts lowered their price target for Bullish shares to $56 from $59, though maintained their overweight rating.
For more than a decade, the XRP Ledger (XRPL) has, for one reason or another, stood apart from the rest of the blockchain industry. Built in 2012, long before the rise of modern DeFi, it embraced a minimalist design of fast settlement, deterministic consensus, and no economic incentives for validators. That architecture helped XRPL grow […]
The post Sidechains pay, XRPL won’t — the real tug-of-war over staking and XRP’s future appeared first on CryptoSlate.
Bitcoin has spent the past several weeks trapped in a persistent decline, wiping hundreds of billions of dollars from its market value and reversing nearly a year’s worth of gains. The pullback has pushed the price far below its October all-time high of $126,000 and has dragged sentiment with it as traders search for answers. A detailed breakdown shared by crypto analyst Tracy Shuchart offers the clearest picture yet of why this downturn has been so aggressive. Her analysis points to a failure not driven by a single factor but by several interconnected forces that broke simultaneously and created the conditions for a cascading crash. This presents the possibility of Bitcoin extending its crash to as low as $80,000. Breakdown Of The Macro Story That Sent Bitcoin To $126,000 According to Tracy Shuchart, Bitcoin’s climb from $40,000 to $126,000 was powered based on one dominant theory: a Federal Reserve easing cycle combined with a wave of institutional participation through spot ETFs. Related Reading: 4 Bitcoin Indicators That Led To Market Rallies In The Last 2 Years Have Returned Traders priced in a supportive macro backdrop where rate cuts were all but guaranteed, liquidity would expand, and institutions would steadily absorb supply. However, once the Federal Reserve reversed course, the foundation of that theory collapsed. Expectations for December rate cuts fell from 90% to 40%. Real yields on short-term Treasuries stayed elevated above 5%, and the strong-dollar environment returned. With the macro assumption gone, Bitcoin’s valuation near all-time highs became difficult to justify. Institutions that had accumulated through Spot ETFs quickly reduced exposure, producing more than $1.1 billion in outflows within days. This wasn’t panic selling but a systematic rebalancing by portfolio managers who no longer believed the macro thesis. This change in macro expectations effectively removed the first layer of support that had been holding Bitcoin above six-figure levels. The second layer of the decline came from the behavior of long-term holders. Wallets that accumulated bitcoin between $40,000 and $80,000 began distributing aggressively once volatility returned. They offloaded roughly 815,000 Bitcoin in thirty days, locking in substantial profits. Is $80,000 Next For Bitcoin? Shuchart’s argument is based on the notion that the ongoing decline persists because the market has now reached a point where natural buyers have vanished. Institutions are rebalancing away from risk, long-term holders are waiting for deeper discounts, and retail traders have retreated. Until there’s new demand, Bitcoin’s price will continue drifting lower. Related Reading: Bitcoin Price Just Flashed A Death Cross, But It’s Not What You Think “Now the market is repricing based on reality: high real yields, no Fed easing, strong dollar environment,” the analyst said. For a bottom to form, three conditions must be met. Leverage must be completely flushed out of the system, long-term holders need to stop selling and begin accumulating again, and real capital must find the price attractive enough. As it stands, Bitcoin is still trading above the $90,000 price level. However, recent price action saw it briefly slip below that threshold on November 18, touching lows near $89,000 before recovering. That move shows that the downtrend is already probing for lower support in the $80,000 zone. At the time of writing, Bitcoin is trading at $91,080. Featured image from Pixabay, chart from Tradingview.com
A new Bitcoin model shows long-term returns remain in the 300% range regardless of an investor’s entry price. Will shifting global liquidity change the outcome this time?
Pi Network’s native token, PI, is gaining short-term traction as buyers return after a muted week of consolidation. Over the past 24 hours, the Pi price has pushed higher, holding above its key intraday support and showing fresh signs of accumulation. While the move isn’t explosive, it stands out during a period when several altcoins …
After a rare spot of outperformance on Tuesday, bitcoin has resumed sliding, with one analyst eyeing $84,000–$86,000 as potential local bottom.
Technical breakdown gains momentum as institutional selling accelerates through overnight session.
Grayscale's move to launch an XRP ETF could enhance mainstream adoption and regulatory acceptance of cryptocurrency investments.
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Bullish posted record revenue and profit in the third quarter, but the strong results failed to sway investors, with the company’s share price continuing to decline.
Polymarket gives 50% odds of Bitcoin hitting $85K in November as BTC falls below $90K amid broader market weakness.
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Transaction fees currently contribute approximately $300,000 per day to miner revenue, comprising less than 1% of total miner income.
The move comes amid new regulations from Brazil's central bank, requiring crypto firms to be licensed and report international transactions.
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 …
Elon Musks xAI will build a 500MW AI data center in Saudi Arabia using Nvidia hardware to boost the kingdoms AI push.
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Hedera's native token breaks key levels on elevated volume. Institutional distribution patterns intensify selling pressure.
A surge in trading activity at key resistance levels marked the exhaustion of Monday’s rally, sending ICP back toward its short-term support band.
BONK slipped beneath a key support level amid a sharp rise in trading activity, with intraday charts now pointing toward a fragile short-term structure.
In this week’s Crypto Long & Short Newsletter, Joshua de Vos shares insights from a recent Benchmark report on how the exchange landscape is maturing and becoming more execution-focused, but increasingly uneven as regional licensing diverges, liquidity fragments, and transparency advances inconsistently. Then, we take a look at where the digital assets market may be headed in the final weeks of 2025 with Andy Baehr’s “Vibe Check."
Beyond its treasury, AlphaTON highlighted progress on several ecosystem acquisitions tied to the Telegram and TON mini-app economy.
Portnoy's crypto investments highlight growing mainstream interest and potential volatility in digital assets, influencing market dynamics.
The post ‘Smart trade’ — Eric Trump reacts after Dave Portnoy discloses XRP, BTC, and ETH purchases appeared first on Crypto Briefing.
Aqua will allow multiple DeFi strategies to operate using the same capital simultaneously, without compromising self-custody for users.
Yesterday’s outage showed how dependent the modern web is on a handful of core infrastructure providers. In fact, it’s so dependent that a single configuration error made large parts of the internet totally unreachable for several hours. Many of us work in crypto because we understand the dangers of centralization in finance, but the events […]
The post How one computer file accidentally took down 20% of the internet yesterday – in plain English appeared first on CryptoSlate.
Bitcoin’s current correction is the largest of the bull market, but data indicate that the price is approaching prime capitulation territory.
The Senate Banking Committee voted along party lines to send FDIC Acting Chair Travis Hill's nomination to the wider Senate for a final vote on taking the permanent job.
CryptoQuant CEO Ki Young Ju has put a clear reference level on the current Bitcoin correction – but is adamant it should not be mistaken for a prediction. “Many people seem to be misunderstanding this, so let me clarify,” he wrote. “I am not saying $56K is the bottom. I am saying the realized price is 56K. If you follow the cycle theory, that level would be the bottom. But I think the cycle theory is broken, and the price could flip at any time depending on macro conditions and market sentiment.” Bitcoin Realized Price Sits at $56,000 His latest data briefing breaks the market into three layers: futures, spot, and on-chain. In the futures market, Ju says the average order size shows that futures whales have left and retail now dominates. Internal flow profile (IFP) data indicates BTC inflows from spot to futures exchanges have collapsed, ending the phase when large players were posting BTC as collateral to go long. Related Reading: Why Is Bitcoin Price Crashing? Arthur Hayes Isn’t Surprised At the same time, the Estimated Leverage Ratio remains high, and Binance deposit cost basis sits around $57,000, which “means traders already captured large gains from ETF and institutional flows.” Open interest is still above last year’s levels, while the aggregated funding rate is neutral, not fearful, suggesting leverage remains elevated but without a classic capitulation reset. Spot data points to fading institutional aggression. Ju notes the Coinbase Premium is at a nine-month low, which he attributes to ETF-driven institutional selling. Spot Bitcoin ETFs have seen net negative weekly flows for three straight weeks, and Strategy mNAV at 1.23 implies that “near-term capital raising seems difficult,” as many structured strategies are already sitting on substantial gains. On-chain metrics provide the context for the much-discussed $56,000 level. Ju observes that realized cap growth has stalled for three days, while market cap is growing more slowly than realized cap, a configuration he interprets as strong selling pressure as profitable coins move. CryptoQuant’s PnL Index flipped short on November 8, which Ju summarizes as whales taking profit. “If the cycle theory holds, the cycle bottom would be around $56K (realized price),” he says – and immediately distances himself from treating that as a hard rule in a structurally changing market. CryptoQuant CEO Rejects Classic Cycle Bottom Theory In a separate prediction segment, Ju turns to macro conditions. “Short-term conditions are weak: dollar liquidity is slow, funding markets are tight, and Bitcoin inflows have cooled,” he writes. However, he adds, “I do not expect Bitcoin inflows to stop or turn into sustained outflows over the next six months.” Related Reading: Bitcoin SSR Flashes Buy Signal: Rebound Incoming? In his view, a shift in the policy narrative could rapidly invert sentiment: “If rate cuts or any easy-money narrative appears, sentiment could flip and liquidity would rush back into ETFs.” Ju also sketches a longer-term structural thesis. He argues that stablecoin adoption and a wave of reverse ICOs by public companies could push traditional assets onto DEXs, enabling on-chain long and short trading in names like Tesla. In that world, on-chain analysis could evolve into labeling wallets like “Elon Musk’s ETH address to track Tesla coin onchain inflows and outflows.” He believes Bitcoin would benefit the most, while altcoins with weak narratives or no real performance would likely lose liquidity as capital concentrates in assets with clear utility or narrative strength. “I gave up predicting Bitcoin price,” Ju reminds followers, “but I haven’t given up analyzing data.” His $56,000 reference is best understood in that spirit: a data-driven anchor derived from realized price and cycle theory, not a promise that this drawdown will end neatly at that line. At press time, BTC traded at $91,659. Featured image created with DALL.E, chart from TradingView.com