Author: James Wilson
Bitcoin has recovered above a key resistance level following several days of selling pressure, though institutional selling from U.S.-based investors continues, according to market data. Summary After days of selling pressure, Bitcoin has rebounded above a key resistance level. The Coinbase Premium Index remains negative, signaling that US institutional investors are selling more aggressively than retail traders. Ongoing outflows from Bitcoin spot ETFs have been identified as a key factor behind the sustained institutional selling. The Coinbase Premium Index, which compares Bitcoin’s (BTC) price on Coinbase with Binance, remains in negative territory, according to analyst Darkfost. The metric indicates that…
Swiss crypto exchange-traded product provider Bitcoin Capital has launched a regulated ETP for the Solana-based meme coin BONK on Switzerland’s SIX Swiss Exchange, the company announced. Summary Bitcoin Capital has launched the first regulated exchange-traded product (ETP) for the Solana-based meme coin BONK. The product operates under Switzerland’s robust regulatory oversight. Bitcoin Capital plans to expand its BONK offerings, with the ETP structure designed to lock tokens and reduce circulating supply. The product marks the first regulated ETP for BONK in Europe, providing institutional and retail investors access to the meme coin through a traditional financial market structure. The BONK…
Mitchell Demeter, CEO of Sonic Labs, explains what layer 1 blockchains need to do today to stay competitive. Summary Layer 1 networks used to compete on speed and transaction costs alone However, with an increased number of chains, the key is user and developer retention Sonic is rolling out several upgrades to reward token holders As block space becomes increasingly commoditized, blockchain projects are under pressure to prove they can deliver sustainable business models instead of short-term speculative narratives. In an interview with crypto.news, Demeter describes how Sonic is shifting its strategy toward builder stickiness and long-term value capture. Crypto.news:…
Ethereum’s mainnet has elevated its block gas limit to 60 million, the highest level the network has reached in four years, according to network data. Summary The Ethereum mainnet has raised its block gas limit to 60 million. Over 513,000 validators signaled support for the increase, triggering an automatic adjustment without requiring a hard fork. The increase in gas limit precedes the Fusaka upgrade, which is scheduled for December 3. The adjustment, driven by consensus among network validators, is designed to improve transaction throughput and reduce congestion during periods of high demand, according to industry observers. Data from tracker Gas…
XRP, the digital token associated with Ripple, has declined 18% during the current month, bringing the price to a level near significant support zones, according to market data. Summary XRP saw a slight increase in price over the past 24 hours. Analysts suggest that XRP is in a multi-month consolidation phase. XRP’s ETF activity has surged, and technical analysts are watching for a possible flag pattern. The token recorded a modest gain over the past 24 hours and advanced slightly during the past week, while daily trading volume remained elevated. The price remains well below its recent high. Source: CoinGecko…
Pi Coin price continued its recent recovery, rising by over 5.8% on Thursday, and reaching its highest level since Oct. 27. Summary Pi Network price could be on the verge of a strong bullish breakout. The developers have invested in CiDi Games and OpenMind. Technicals suggest that a rebound could start soon. Pi Network (PI) rose to $0.2700, up by nearly 70% from its lowest point this year. Its rebound has seen it beat other top altcoins such as Ethereum (ETH) and Solana (SOL) in the past few weeks. Potential catalysts for the Pi Coin price Pi Coin has several…
Sentiment, not fundamentals, influences crypto, according to Sygnum CIO Fabian Dori. Summary Macro shocks, not fundamentals, drove the crypto market crash Crypto markets have been overleveraged for a while, making a correction healthy Indicators, including the CME open interest, funding rates, and RSI, indicate worsening sentiment Crypto’s fourth-quarter sell-off has erased Bitcoin’s year-to-date gains and pushed the broader market into negative territory. Crypto bank Sygnum says the latest drawdown does not mark the end of the current cycle. In his latest briefing, Dori explained that the sharp liquidation wave that hit the crypto markets was driven by macro shocks, not…
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A crypto market bull run may be on the way as Bitcoin and most altcoins continue their uptrend today, Nov. 27. Summary A crypto bull run could be about to start in the coming weeks or months. The Federal Reserve will likely maintain a dovish tone in 2026. There are signs that the futures open interest retreat is nearing its ending. Bitcoin (BTC) price held steady, reaching a high of $91,345, its highest point since Nov. 20, and ~14% above the lowest point this month. Other altcoins, such as Ethereum (ETH) and Dash (DASH), were also rising. Here are the…
Key takeaways: BlockFi resumes US crypto withdrawals post regulatory dispute pause. Withdrawals excluded numerous wallets of international users, legal proceedings remained active. On August 17, 2023, BlockFi, formerly a prominent cryptocurrency lending company, initiated the process of allowing eligible clients in the United States to withdraw their digital assets. This event follows a court directive and represents a noteworthy advancement in the complex bankruptcy proceedings, which have been characterized by numerous disputes. The reinstatement of withdrawal services pertains specifically to qualifying holders of BlockFi Wallets located within the U.S. Earlier today, we opened withdrawals of digital assets from BlockFi Wallet…