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- Bitcoin Dips Below $93K—Could A Surge Be Next?
Bitcoin Dips Below $93K—Could A Surge Be Next?
There were always going to be pullbacks along the way, but how deep will this one be?
Rich Webb
November 26, 2024 • Read Time: 8 minutes
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Bitcoin's price taking a spill to its six-day low of $92,775 has raised eyebrows across the crypto sphere, almost as much as Michael Saylor’s latest splurge on 55,500 BTC.
With whispers echoing through analyst circles about whether Bitcoin's tumble is just catching its breath before another surge or a sign of long-term holders cashing in, the stage is set for a riveting discussion on the crypto community’s expectations versus reality.
Meanwhile, Ethereum and a handful of altcoins defy Bitcoin's dip, showing that not all waves crash at once. Let's dive in!
Bitcoin dips below $93K post-45% rally, long-term holders profit-taking despite Saylor's $5B buy. — Read More
Financial Conduct Authority reveals 12% of UK adults now own cryptocurrency, up from 10%, as crypto enters the mainstream. — Read More
Trump's proposed tariffs risk inflation, potentially boosting Bitcoin as a safe haven asset. — Read More
Phantom wallet integrates with Base, enhancing multi-chain transactions and ecosystem interactions. — Read More
Analyst predicts Cardano's potential ETF entry will amplify ADA demand, while Rollblock's GambleFi sets up explosive growth. — Read More
OKX launches crypto trading and wallet in Belgium, under EU expansion strategy without Belgian regulatory approval. — Read More
Digital yuan faces setbacks as media claims Xi's hold is waning, with Yao Qiao's fall declared a major blow. — Read More
WisdomTree files for an XRP ETF in Delaware, entering the growing crypto ETF race as the SEC remains undecided. — Read More
Singapore Gulf Bank aims to raise $50 million by early 2025 for a stablecoin company acquisition, aligning with soaring global crypto interest. — Read More
BREAKING: Stock futures fall across the board after Donald Trump threatens tariffs on China, Mexico, and Canada.
Trump says the tariffs will remain in effect until the counties address illegal immigration and drug trade.
These tariffs will be added on top of existing tariffs.
— The Kobeissi Letter (@KobeissiLetter)
12:28 AM • Nov 26, 2024
Bitcoin ETFs Suffer $438m Outflow Amid Market Drop
Bitcoin ETFs lose $438 million as BTC price drops below $93k, impacting major funds like Bitwise and Grayscale.
MicroStrategy Buys 55,000 Bitcoins for $5.4 Billion
MicroStrategy buys 55,000 BTC, spending $5.4 billion, leveraging convertible notes and share sales.
Sui to Enable Bitcoin Staking via Babylon Network
Starting December, Bitcoin holders can stake BTC on Sui's Bitcoin layer-2 network, Babylon, to mint LBTC for DeFi use.
Bitcoin Faces Potential Crash If Key Levels Aren't Maintained
Analyst predicts Bitcoin's price could crash to $89,000 if it fails to hold above critical resistance levels.
Bitcoin slides amid historic profit-taking spree
Bitcoin tumbles 7.6% from near $100K due to record profit-taking, not unusual in bull markets.
#Bitcoin | Black Friday Sale🛒 (Scenario)
#BTC $BTC 🔗kraken.pxf.io/3e41Mr
— Kevin Svenson (@KevinSvenson_)
8:51 PM • Nov 25, 2024
Ethereum's Rollup Future: Based Rollups Explained
Based rollups aim to solve Ethereum's L2 fragmentation by enhancing interoperability through decentralized sequencing back on Ethereum's L1.
Base Network Surpasses 9 Million Daily Transactions, Setting New Record
Base, an Ethereum Layer 2 network, achieves over 9.2 million daily transactions as its adoption soars.
Ethereum Returns as Top Blockchain for Tether
Ethereum surpasses Tron with a $60.3 billion USDT supply, reclaiming its dominance in the blockchain landscape.
XRP's Future Soars as SEC Chair Gensler Resigns
Gary Gensler's resignation as SEC Chair aligns with Trump's inauguration, sparking speculation and optimism for XRP's post-lawsuit price surge.
Altcoins Gain Momentum Amid Bitcoin Decline
Bitcoin's drop to $93K triggers a 3.6% market retreat, while select altcoins, including SAND and XLM, gain traction.
RWA Tokenization Set for Explosive Growth by 2030
RWA tokenization surpasses $13 billion, projected to expand 50-fold by 2030, reshaping traditional finance.
Sky Mavis Lays Off Staff Amid New Axie Infinity Game Announcement
Sky Mavis cuts 21% of its workforce, gearing up for a new Axie Infinity game release in 2025.
FCA Plans Crypto Regulations by 2026
UK's FCA aims for a comprehensive crypto regime by 2026, spurred by rising crypto ownership.
Gensler’s Departure Signals Shift in SEC's Crypto Stance
SEC Chair Gensler steps down, prompting expectations of more lenient crypto regulations, settlements likely to replace lawsuits.
South Korean Lawmakers Clash Over Crypto Tax as Deadline Approaches
South Korean parties are split on crypto tax, with potential launch delays looming.
SEC Collects Historic $8.2B in 2024 Under Gensler
SEC nets record $8.2 billion from enforcement actions, primarily from Terraform Labs settlement.