Tag: Bitcoin

  • Bitcoin Faces Pressure as ETF Outflows Hit $2 Billion

    Bitcoin Faces Pressure as ETF Outflows Hit $2 Billion

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    Yashika Gupta

    Bitcoin (BTC) is once again under pressure as the world’s largest cryptocurrency struggles to maintain its footing above the crucial $100,000 mark. Recent data indicate that Bitcoin exchange-traded funds (ETFs) have experienced over $2 billion in outflows during the past week, one of the steepest withdrawal periods since their inception. What was once hailed as…

  • Bitcoin Slips Below $109K, Correction Deepens

    Bitcoin Slips Below $109K, Correction Deepens

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    by

    Yashika Gupta

    Bitcoin (BTC) has taken a sharp bearish turn this week, falling below a crucial technical support level that once underpinned its rally. After reaching an all-time high of $126,110, the flagship cryptocurrency has slipped under the $109,500 zone, a level that previously acted as a strong base for buyers. The move marks a significant shift…

  • Gold Soars Past $4,000 as Bitcoin Slips Below $104K

    Gold Soars Past $4,000 as Bitcoin Slips Below $104K

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    by

    Yashika Gupta

    The global precious metals rally continues to steal the spotlight, with gold breaking past $4,000 per troy ounce for the first time in history in early November. The surge marks a defining moment in the financial landscape, as investors increasingly prioritise stability and tangible value amid a climate of economic and political uncertainty. Silver has…

  • Bitcoin Slips as ETF Outflows Trigger Volatility

    Bitcoin Slips as ETF Outflows Trigger Volatility

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    by

    Yashika Gupta

    Bitcoin’s long-celebrated “Uptober” failed to deliver this year, as the world’s leading cryptocurrency closed the month nearly 4% lower, marking its worst October performance since 2018. Despite optimism surrounding the Federal Reserve’s rate cut, investor sentiment soured as ETF outflows surged and volatility indicators flashed caution. On Saturday, Bitcoin (BTC) hovered around $110,000, recovering modestly…

  • Bitcoin Treasuries Reset After NAV Meltdown

    Bitcoin Treasuries Reset After NAV Meltdown

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    by

    Yashika Gupta

    Net Asset Values (NAVs) in Bitcoin treasury firms have seen a dramatic collapse, but analysts at 10x Research argue this downturn may signal the beginning of a new era rather than the end of one.In a report shared with Cointelegraph on Friday, the research firm described the current market correction as a “reset” that could…

  • Bitcoin Slips Below $110K as Traders Brace for Trump Speech

    Bitcoin Slips Below $110K as Traders Brace for Trump Speech

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    by

    Oscar

    Bitcoin (BTC) has once again fallen below the critical $110,000 threshold, trading around $108,569 after a 2.01% daily decline, extending its weekly losses to over 9%. The move comes amid heightened market caution ahead of President Donald Trump’s upcoming policy speech, which could shape sentiment across global markets. Despite the price retreat, long-term investors remain…

  • Elon Musk Hails Bitcoin as Energy-Based Shield Against Fiat Inflation

    Elon Musk Hails Bitcoin as Energy-Based Shield Against Fiat Inflation

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    Issac Lane

    Elon Musk has reignited discussion around Bitcoin, highlighting its unique energy-backed model as a safeguard against inflation caused by excessive fiat currency printing. In his latest comments, Musk aligned Bitcoin’s monetary framework with the growing concerns over global “debasement” linked to government funding for artificial intelligence (AI) development. Bitcoin vs Fiat: ‘Impossible to Fake Energy’…

  • Crypto Markets Face ETF Outflows, Bhutan Shifts to Ethereum, California Targets AI Safety

    Crypto Markets Face ETF Outflows, Bhutan Shifts to Ethereum, California Targets AI Safety

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    by

    Issac Lane

    The crypto sector began the week with significant developments across financial markets, national infrastructure, and emerging technology regulations. Major US spot Bitcoin and Ether exchange-traded funds (ETFs) recorded substantial outflows following a steep weekend market crash, while Bhutan confirmed a major migration of its national digital ID system to Ethereum. Meanwhile, California introduced new safeguards…

  • India Criticises ‘Unbacked Crypto’ as RBI Prepares to Launch New Digital Currency

    India Criticises ‘Unbacked Crypto’ as RBI Prepares to Launch New Digital Currency

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    by

    Issac Lane

    India has reiterated its cautious stance on cryptocurrencies such as Bitcoin while unveiling plans for a new digital currency backed by the Reserve Bank of India (RBI). The move reflects the government’s preference for sovereign-backed digital finance over private crypto assets, which it continues to tax but not officially support. RBI to Introduce New Digital…

  • Bitcoin Nears $123K as Open Interest Hits Record Highs

    Bitcoin Nears $123K as Open Interest Hits Record Highs

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    by

    Oscar

    Bitcoin is on the verge of reclaiming uncharted territory as its price edges closer to fresh all-time highs. The world’s largest cryptocurrency has surged past the $120,000 mark and is now testing the crucial $123,348 resistance zone, the last significant barrier before a potential “blue sky breakout”. The move comes on the back of rising…