XRP At Risk Of Another 55% Drop If Bitcoin Continues To Sell-Off

Key takeaways: XRP (XRP) extended its downtrend on Friday, dropping 3% over the last 24 hours to trade at $1.93. The inability to hold above $2 now puts the altcoin’s recovery possibilities in question, with traders asking how much further it can fall. XRP/USD one-hour chart. Source: Cointelegraph/TradingView Classic XRP pattern targets $0.88 The XRP/USD … Read more

ETF Outflows Reflect Short-Term Downturn, Not Weak BTC Demand: Analysts

The record outflows from Bitcoin exchange-traded funds (ETFs) represent short-term, “tactical” rebalancing rather than institutional flight from BTC, according to analysts at crypto exchange Bitfinex. Long-term Bitcoin (BTC) holders taking profit and selling their coins, and highly-leveraged positions flushing out of the markets, are the root causes of the billions of dollars in ETF outflows … Read more

Ex-Coinbase Lawyer Runs for NY AG as BlackRock Leads BTC Outflows

Today in crypto: a former Coinbase lawyer launched his campaign for New York State Attorney General, BlackRock’s iShares Bitcoin Trust (IBIT) led November’s record ETF exodus, with $2.47 billion in outflows, accounting for 63% of the $3.79 billion pulled from US spot Bitcoin ETFs, and Treasury Secretary Scott Bessent’s appearance at a newly opened Pubkey … Read more

Will Bulls Buy The Dips

Key points: Bitcoin has been facing intense selling pressure, opening the doors for a fall to the crucial support at $73,777. Several major altcoins have slipped below their support levels, indicating that bears remain in firm control. Bitcoin (BTC) attempted a recovery on Friday, but the bears continued to exert pressure, bringing the price as … Read more

Will Bulls Buy The Dips

Key points: Bitcoin has been facing intense selling pressure, opening the doors for a fall to the crucial support at $73,777. Several major altcoins have slipped below their support levels, indicating that bears remain in firm control. Bitcoin (BTC) attempted a recovery on Friday, but the bears continued to exert pressure, bringing the price as … Read more

KuCoin Pay Integrates with Brazil’s Pix for Crypto Payments

KuCoin Pay has integrated with Pix, Brazil’s central bank-run instant payments network, allowing users to convert and spend cryptocurrencies at any merchant that accepts Pix QR codes.  The launch taps into one of the world’s largest crypto user bases, with roughly 26 million Brazilians, about 12% of the population, now using digital assets, according to … Read more

Bitcoin Plunge, Kraken IPO and $100M Ether Bet

As Bitcoin (BTC) plunged below $90,000 this week, igniting fresh fears that the bull market may be over, hundreds of millions of dollars continued to flow into crypto companies, signaling that institutional appetite for the sector remains strong. Republic Technologies became the latest company to add Ether (ETH) to its treasury, securing $100 million in … Read more

Bitcoin Drops as Yen Falls, Canada Approves Stablecoin Rule: Global Express

On Friday, the Japanese government approved a $135-billion (21.3 trillion Japanese yen) stimulus package, mainly aimed at price relief and subsidizing gas and household electricity bills. Prime Minister Sanae Takaichi and her cabinet believe the plan will dampen inflation by 0.7 percentage points on average from February to April. But markets, including crypto markets, are … Read more

US Probes Bitmain ASICs for National Security Risks: Report

The leading Bitcoin mining application-specific integrated circuit (ASIC) manufacturer, Bitmain, which is based in China, is reportedly under investigation in the US over national security concerns. According to a Friday Bloomberg report, an unspecified US official and six other anonymous people familiar with the matter said that Bitmain’s hardware is at the center of a … Read more