BlackRock’s iShares Bitcoin Trust (IBIT) recorded its largest single-day outflow since launch on Tuesday, as investors withdrew $523 million. The move highlights growing caution in the cryptocurrency market amid a broader downturn. Bitcoin has fallen nearly 30% from its October peak, reaching its weakest level since April. This decline comes after an October 10 liquidation event wiped out roughly $19 billion in leveraged positions, which the market has yet to recover from. The outflow from IBIT marked the fund’s fifth consecutive day of redemptions, according to SoSoValue data. More than $3 billion has left the 12 U.S. spot Bitcoin ETFs…
Author: Sazid Kabir
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Analysts are shifting their XRP outlook for 2025 as institutional investors adopt new liquidity-focused valuation models. Recent research from Crypto Volt shows that funds are now analyzing XRP based on factors like liquidity depth, regulatory clarity, and infrastructure maturity. This marks a change from previous cycles, which relied more on hype cycles and market momentum. Institutional focus shifts toward liquidity and compliance According to the report, trading desks in 2025 are prioritizing assets that can support large flows without causing instability. XRP stands out under this framework because of its liquidity profile and its role in cross-border settlement infrastructure. Analysts…
Ethereum is showing early signs of strength at the $2,900 support level, where a bullish divergence has formed on the Relative Strength Index (RSI). The pattern suggests that upside pressure may be building, but analysts say confirmation through stronger trading volume is still required. Ethereum briefly dipped to a lower low this week, yet the RSI formed a higher low. This divergence often signals weakening bearish momentum and can indicate the start of a potential trend reversal. The $2,900 zone has acted as a high-time-frame support area many times in the past, attracting buyers during market pullbacks. The key level…
Bitcoin price steadied on Tuesday, Nov. 18, as investors bought the dip and waited for key events, including the FOMC minutes and Nvidia’s earnings report. Bitcoin recovered to $93,700, slightly above this week’s low of $88,790. Even with the bounce, it remains down about 26% from its yearly high. Fear and Greed Index sinks The Crypto Fear and Greed Index has fallen to 15, placing the market in extreme fear. This is the lowest reading since April, according to data from CoinMarketCap. The index tracks metrics such as price momentum, volatility, derivatives positioning, and Bitcoin’s market value relative to the…
More than $1tn has been wiped from the global cryptocurrency market in the past six weeks as investors react to concerns about a possible technology bubble and declining expectations of a US interest rate cut next month. According to CoinGecko, which tracks more than 18,500 digital assets, the total value of the crypto market has dropped by 25% since early October. Bitcoin has fallen 27% in the same period to $91,212, its lowest level since April. The sharp decline in crypto prices comes alongside broad weakness in global stock markets. The UK’s FTSE 100 fell 1.3% on Tuesday, marking its…
Bitcoin has reached a major supply milestone, with more than 19.95 million BTC now mined. This represents 95% of its fixed maximum supply of 21 million coins. The development has renewed discussion about long-term scarcity and how it may affect Bitcoin’s price. Only around 1.05 million BTC remain to be mined, and new issuance will continue to slow as the network moves through future halvings. A small portion of Bitcoin’s supply is permanently inaccessible. About 230 BTC cannot be spent because of early technical issues, and many more coins are believed lost due to forgotten or unrecoverable private keys. This…
Fintech company Revolut has partnered with Polygon to enable crypto-based payments and remittances for users across Europe. The companies announced the integration on Tuesday. Revolut says the service, which launched in December 2024, has already processed more than $690 million in transactions through the Polygon network. The update brings stablecoin transfers to Revolut’s 65 million users. Customers in the UK and the European Economic Area can now send USDC, USDT, and POL on Polygon directly through the Revolut app. These transfers settle within seconds and include very low network fees. The partnership also expands Revolut’s wider crypto services. POL, the…
The cryptocurrency market has entered a sharp decline. Bitcoin fell below $90,000, and Ethereum dropped under $3,000, erasing gains for all 2025 investors. In the past 24 hours, more than 183,000 traders were liquidated, wiping out over $1 billion in positions. Longs suffered $740 million in losses, while shorts lost around $290 million. Bitcoin accounted for $550 million, and Ethereum $170 million. Altcoins also fell sharply, many losing double-digit percentages despite pending ETF approvals and pro-crypto policies. The Trump administration has promoted multiple crypto-friendly policies and a $2,000 stimulus package to support investors. However, these measures have not halted the…
Pi Coin continues to trade sideways, struggling to gain momentum for a recovery. The altcoin has remained in a narrow range for several days, limiting opportunities for significant gains. Bitcoin’s recent decline has weighed heavily on Pi Coin, restricting upward movement despite investor efforts. The two assets remain moderately correlated, with Pi Coin’s correlation to Bitcoin at 0.70. Investor interest in Pi Coin is rising. Chaikin Money Flow data shows inflows reaching a five-week high, signaling growing confidence among holders. This suggests bullish sentiment, even as broader market conditions remain weak. Pi Coin is currently trading at $0.225, holding above…
Alibaba’s flagship AI model, Qwen3-MAX, is forecasting major year-end gains for Bitcoin, Ethereum and XRP, despite the recent downturn in the crypto market. The model advises holders not to panic sell, predicting that all three assets could rise sharply by the end of 2025. The projections follow a difficult period for crypto. Bitcoin briefly fell to around $93,000 after the U.S. Federal Reserve cut interest rates by 25 basis points. The rate decision was expected to boost investor confidence, but markets have continued a broader pullback. Analysts say these corrections often clear excess leverage and can set the stage for…