25m ago
Saylor Disputes Stablecoin Competition View as Wood Cuts Bitcoin Target to $1.2M
Strategy founder Michael Saylor rejected the argument that stablecoins compete with Bitcoin after ARK Invest CEO Cathie Wood revised her 2030 Bitcoin price forecast. Wood lowered her projection from $1.5 million to $1.2 million on November 6, citing stablecoin adoption in hyperinflation-affected emerging markets. Saylor countered that Bitcoin serves as digital capital while stablecoins function within transactional finance, describing them as complementary rather than competitive.
BTC
BTC+2.17%
25m ago
38m ago
Bitcoin Falls to $83,000–$84,000 Support Zone as Privacy Push and Mining Probe Unfold
Bitcoin has declined into the $83,000–$84,000 demand zone, an area that supported recoveries in March and June. The Winklevoss twins raised $100 million through their digital asset treasury Cypherpunk to acquire up to 5% of Zcash's supply, emphasizing privacy-focused assets. Bitmain, the world's largest mining hardware producer, faces a U.S. national-security investigation examining potential risks tied to its ASIC equipment.
BTC
BTC+2.17%
38m ago
1h ago
Bitcoin ETF Investors Face First Major Test at $79,300 Average Cost Basis
Bitcoin exchange-traded fund holders may face their first significant pressure test as the cryptocurrency trades near key support levels. Data shows the average purchase price for U.S.-based ETF investors sits around $79,300, with the asset currently trading at approximately $84,500 after declining over 11% in the past week. Analysts warn that a breach below this cost basis could trigger panic selling among retail participants who have not experienced previous Bitcoin market cycles.
BTC
BTC+2.17%
1h ago
1h ago
Corporate Bitcoin Adoption Pauses as No New Treasury Buyers Emerge in Two Months
No new companies have added Bitcoin to their balance sheets since September 18, when GD Culture Group became the last first-time adopter. Existing holders continue to dominate demand, with Strategy acquiring 8,665 BTC on November 17. Meanwhile, miners have adjusted their holdings amid operational pressures, with some pledging coins as collateral while others maintain steady accumulation.
BTC
BTC+2.17%
1h ago
1h ago
Bitcoin Falls Below $82,000 as Whale Exits $1.3 Billion Position and ETFs Post $1.2 Billion Weekly Outflow
Bitcoin dropped below $82,000 after long-term holder Owen Gunden sold $1.3 billion worth of BTC and spot ETFs recorded $1.2 billion in weekly net outflows—the largest since February. Marathon Digital Holdings transferred 648 BTC valued at $59 million to trading platforms. Uncertainty surrounding Federal Reserve rate policy and declining Treasury yields added pressure to market sentiment.
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BTC
BTC+2.17%
1h ago