1h ago
Bitcoin's 2025 Monthly Price Pattern Shows 98% Correlation With 2022 Bear Market
Bitcoin's price trajectory in 2025 mirrors its 2022 bear market behavior with monthly correlation reaching 98%, according to network economist Timothy Peterson. The cryptocurrency trades approximately 36% below its all-time high as the year ends, contradicting earlier forecasts of strengthening momentum through December. Historical data indicates that negative November performance typically leads to December declines, though usually smaller in magnitude.
BTC
BTC-3.72%
1h ago
3h ago
CoinShares Withdraws SEC Filings for XRP, Solana, Litecoin ETFs Amid $1.2 Billion SPAC Merger
European digital asset manager CoinShares has withdrawn its U.S. Securities and Exchange Commission registration applications for spot cryptocurrency ETFs covering XRP, Solana, and Litecoin. The company submitted Form RW withdrawal requests on November 28, 2024, as it prepares for a public listing through a $1.2 billion SPAC merger with Nasdaq-listed Vine Hill Capital. CoinShares, which oversees approximately $10 billion in digital assets, cited limited differentiation opportunities in single-asset cryptocurrency ETF offerings given market concentration among major financial institutions including BlackRock, Fidelity, and Grayscale.
XRP
XRP-5.72%
3h ago