XRP ‘Mega Breakout’ Setups See Price Hitting $5 By Year’s End

Key takeaways: XRP’s (XRP) price may reach $5 by year’s end, according to a “mega breakout” setup shared by one chart analyst. Cup-and-handle sees XRP price doubling Analyst Milkybull shared a chart on Tuesday showing a cup-and-handle pattern, a classic bullish setup that often forms during major market bottoms. Source: X In technical analysis, the…

Brazil Imposes New Rules on Crypto Companies

Today in crypto, a new framework from the central bank of Brazil brings crypto companies under banking-style oversight, extending Anti-Money Laundering (AML) and foreign exchange (FX) rules to stablecoins, a US Senate committee released a draft crypto bill, and the US cleared crypto funds to participate in staking. Brazil classifies stablecoin payments as foreign exchange…

Bitcoin ETFs Flat Despite US Shutdown Potential End

Update Nov. 11, 12:08 p.m. UTC: This article has been updated to include a paragraph on Ether and Solana ETF inflows. The lack of demand for spot Bitcoin exchange-traded funds (ETFs) is raising concerns about Bitcoin’s prospects for the rest of the year, even as the US government appears to be nearing the end of…

Bitdeer (BTDR) Shares Fell 20% on Wider-Than-Estimated Q3 Net Loss, ASIC Chip Delay

Bitdeer Technologies Group (BTDR), a bitcoin BTC$105,319.34 miner and equipment manufacturer that announced a strategic pivot into artificial intelligence and data center infrastructure in October, slumped 20% on Monday after saying its next-generation ASIC chip was delayed and reporting a wider-than-estimated third-quarter loss. The net loss widened to $266.7 million, or $1.28 per share, from…

CleanSpark To Raise $1.1B For BTC mining, AI Data Center Expansion

Nasdaq-listed Bitcoin mining company CleanSpark is raising capital to expand its mining and data center operations, as major miners pivot toward artificial intelligence (AI) infrastructure. CleanSpark announced a $1.15 billion senior convertible note offering on Tuesday, aiming to raise more capital to expand its Bitcoin (BTC) mining operations. The miner estimates it will raise about…

Institutions Plan Crypto Investment Boost Despite Market Correction

Institutional investors are maintaining confidence in digital assets despite a sharp market correction in October, with most planning to expand their exposure in the months ahead, according to new research. Over 61% of institutions plan to increase their cryptocurrency investments, while 55% hold a bullish short-term outlook, Swiss crypto banking group Sygnum said in a…

Brazil Brings Crypto Under Banking Rules, Targets Stablecoin Payments

Brazil’s central bank completed rules that bring crypto companies under banking-style oversight, classifying stablecoin transactions and certain self-custody wallet transfers as foreign-exchange operations.  Under Resolutions 519, 520 and 521, published Monday, the Banco Central do Brasil (BCB) established operational standards and authorization procedures for what it calls Sociedades Prestadoras de Serviços de Ativos Virtuais (SPSAVs),…

Bitcoin Spot Demand Spikes Signaling BTC’s ‘Potential for a Breakout Move’

Key takeaways: Bitcoin spot demand has flipped positive, signaling a potential bullish reversal. Increasing spot volume suggests higher speculative activity.  BTC price must reclaim $110,000 as support to secure the recovery. Demand for Bitcoin (BTC) has shown signs of recovery, signaling a possible bullish reversal. However, traders say momentum will increase once the BTC/USD pair…

Institutions Plan Crypto Investment Boost Despite Market Correction

Institutional investors are maintaining confidence in digital assets despite a sharp market correction in October, with most planning to expand their exposure in the months ahead, according to new research. Over 61% of institutions plan to increase their cryptocurrency investments, while 55% hold a bullish short-term outlook, Swiss crypto banking group Sygnum said in a…

Institutions Plan Crypto Investment Boost Despite Market Correction

Institutional investors are maintaining confidence in digital assets despite a sharp market correction in October, with most planning to expand their exposure in the months ahead, according to new research. Over 61% of institutions plan to increase their cryptocurrency investments, while 55% hold a bullish short-term outlook, Swiss crypto banking group Sygnum said in a…