Crypto Reverses Early Gains, Bitcoin Dives Back to $69K

Prices had rallied early in U.S. trading on Friday alongside a soft economic data and a rebound in stocks.
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Prices had rallied early in U.S. trading on Friday alongside a soft economic data and a rebound in stocks.
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Bitcoin ETFs kicked off the week deep in the red, logging a $109 million outflow and extending the bleed to a third straight trading day. Meanwhile, Ether ETFs recorded no activity, marking a rare day of total trading silence. Bitcoin ETF Outflows Stretch to Day Three as Ether Funds Go Silent The new week began…
Michael Saylor, the Executive Chairman of MicroStrategy, has outlined a Bitcoin strategy to position the United States as a global leader in the digital economy. This move comes as his company expanded its Board of Directors from six to nine members, incorporating prominent crypto advocates to strengthen its strategic focus on digital assets. Saylor Advocates…
Russian commodities firms facing challenges in executing financial transactions with Chinese counterparts are turning to stablecoins as a new method for settling deals. At least two major metals producers have begun utilizing Tether Holdings Ltd.’s stablecoin and other cryptocurrencies to settle cross-border transactions with primarily Chinese clients and suppliers. These settlements, in some cases, are…
Binance’s Bitcoin derivatives index has fallen to 0.35, with analysts noting similar readings appeared near past market lows. Bitcoin (BTC), which was trading nearly 300 bucks around the $69,000 level at the time of this writing, has recorded readings from multiple on-chain indicators that often precede major trend changes, including weakening derivative momentum and…
Solana targets $180 as transfer volume, capital inflows, and DePIN dominance fuel bullish momentum. Solana’s momentum is clearly accelerating, backed by a sharp rise in transfer volumes, growing on-chain activity, and improving price structure. After a strong breakout, attention is now turning toward the $170 zone, a level that’s starting to look more achievable as…
The Dutch AFM issued warnings about crypto market manipulation, focusing on pump-and-dump schemes ahead of MiCA’s implementation in December. The Dutch Authority for the Financial Markets (AFM) warned about the risks of cryptocurrency pump-and-dump schemes ahead of upcoming regulation. According to an official AFM press release, the Markets in Crypto-Assets Regulation (MiCA) will come into…