Bitcoin’s Puell Multiple Says BTC Price Undervalued as Bulls Target $96K

Bitcoin (BTC) is due for a “new uptrend” as a key BTC price metric suggests that the recent drop to $80,000 provided a prime buying opportunity.  Key takeaways: Bitcoin’s Puell Multiple has entered the discount zone, suggesting undervalued market conditions. BTC bull flag pattern targets a short-term recovery to $96,000.  Bitcoin price is “entering an…

SEC Commissioner Hester Peirce ‘Baffled’ That Self-Custody is Even Debated

Hester Peirce, a commissioner of the United States Securities and Exchange Commission (SEC) and head of the SEC’s Crypto Task Force, reaffirmed the right to crypto self-custody and privacy in financial transactions. “I’m a freedom maximalist,” Peirce told The Rollup podcast on Friday, while saying that self-custody of assets is a fundamental human right. She…

State of Crypto: Kalshi and Prediction Markets Face a Setback

The court cases will continue for the moment. Source link

Spot Bitcoin ETFs End Outflow Streak With $70 Million Inflows

Spot Bitcoin exchange-traded funds (ETFs) ended a bruising month of withdrawals with a modest turnaround, posting roughly $70 million in net inflows for the week. The reversal follows four straight weeks of heavy outflows that drained about $4.35 billion from the sector and pushed net assets sharply lower, according to data from SoSoValue. The highest…

Why China’s Bitcoin mining activity is surging after a 4-year crackdown

From dominance to ban: The 2021 crackdown Before 2021, China controlled a large share of global Bitcoin (BTC) mining. Data from the Cambridge Bitcoin Electricity Consumption Index shows that Chinese miners produced about 65% of the world’s Bitcoin computing power in 2020. In 2021, the Chinese government moved to stop mining activity. Authorities cited concerns…

Spot Bitcoin ETFs End Outflow Streak With $70 Million Inflows

Spot Bitcoin exchange-traded funds (ETFs) ended a bruising month of withdrawals with a modest turnaround, posting roughly $70 million in net inflows for the week. The reversal follows four straight weeks of heavy outflows that drained about $4.35 billion from the sector and pushed net assets sharply lower, according to data from SoSoValue. The highest…

Polymarket Shows 87% Chance of December Fed Cut; Crypto Stocks Move Higher

Several crypto-linked stocks climbed on Friday as prediction-market odds of a December rate cut surged to 87% on Polymarket, the highest level this month. Three US-listed Bitcoin miners led the rally, with Cleanspark, Riot Platforms and Cipher Mining all rising in the session and showing double-digit gains over the past five days. Probability of a…

BTC Miner Margins Hit Cycle Lows Amid Bottom Talks

Bitcoin (BTC) rallied to $91,950 on Wednesday as data showed the market sitting at a key inflection point. Data from Capriole Investments placed Bitcoin’s production cost near $83,873, while the electrical cost, the baseline energy input for mining, sits lower at $67,099. Key takeaways: Bitcoin is currently trading just above miner production cost as profitability…

Bitcoin Forms Short-Term Bottom, $100,000 Rally in Sight

Bitcoin may be carving out a short-term bottom after weeks of heavy selling, with one market analyst arguing that conditions are in place for a relief rally toward the $100,000–$110,000 range. In a recent video, trader Mister Crypto said Bitcoin (BTC)’s short-term structure shows signs of stabilization following what he described as “capitulation” across the…

Has XRP Finally Bottomed? Key Support Holds as Wave-5 Breakout Trigger Nears

A close above $2.22 would confirm a bullish trend, while failure to hold $2.17 could lead to further declines. Source link