Overzealous hopes for Trump’s crypto actions last week had primed the market for a pullback, but the decline could be already over, said Standard Chartered’s Geoff Kendrick.
Currently, bitcoin is up approximately 550% from the cycle lows, which aligns with previous cycles.
Senator Cynthia Lummis, set to lead the Senate Banking Committee’s digital assets panel, went after the sale of U.S. bitcoin holdings and FDIC debanking.
When bitcoin typically puts in these many consecutive positive adjustments it has marked near cycle tops and bottoms.
Smaller countries could strengthen economic growth by attracting foreign investment and utilizing available renewable energy resources to mine bitcoin.
Glassnode veri shows that the perpetual funding rate went negative for the first time in 2025.
Macro jitters have pushed back BTC to where it was a week ago. Still, bullish bets in options market remain as popular as ever.
Since September, the market has absorbed over 1 million bitcoins, while the price has gone from around $60,000 to over $100,000.
The blockchain industry might get a boost as former U.S. President Donald Trump wins a second term, promising to keep his promises, including a long list of Bitcoin- and crypto-related pledges.
Tuesday night’s election returns were a shocker if you only watched CNN. But not if you’d looked at the betting all along.