Bitcoin Price extended its losses today, sliding more than 2.5% to around $102,852 as renewed U.S. dollar strength and investor outflows from crypto ETFs weighed heavily on the market. 

The bitcoin price drop comes after Bitcoin’s worst October performance in nearly a decade, further denting sentiment among traders already reeling from a historic liquidation event last month.

Bitcoin briefly traded below $103,567, its lowest level in over two weeks, breaking below the critical 200-day moving average — a key gauge of long-term market momentum, according to Bitcoin Magazine Pro data.

Since then, Bitcoin has rebounded to above $104,000 at time of writing.

According to…

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Recent bitcoin price action has left many investors frustrated. Despite setting new all-time highs above $120,000 earlier this year, the bitcoin price has struggled to keep pace with equities and Gold in recent months. The S&P 500 and precious metals have surged to new records, while Bitcoin has remained range-bound, giving the impression that it’s lagging behind. But when analyzing the market through a lens of capital rotation, this period of underperformance may not last much longer.

Relative Gains in the Bitcoin Price

While Bitcoin has appeared weak in dollar terms, it remains one of the strongest performers over the past year. BTC has still outperformed both Gold’s 46%…

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Boltz, the bitcoin-only instant swap exchange, is cornering a niche sector of the bitcoin industry and quickly becoming a favorite of advanced bitcoin users. Its fully open source tech stack, which is actually trust-less, unlocks a variety of possibilities for the industry, including a zero-custody risk bridge across Bitcoin layers. 

Boltz exchange was founded in 2019 by Kilian and another pseudonymous co-founder, as a solution to managing liquidity in the Lightning Network for an early Bitcoin Defi project called OpenDex. Realizing quickly how complex lightning liquidity management was, the team ended up pivoting to the maintenance and polishing of Boltz, a liquidity service…

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BlackRock Australia is set to introduce its first Bitcoin exchange-traded fund (ETF) later this month, giving investors regulated exposure to the world’s largest cryptocurrency. The iShares Bitcoin ETF (IBIT) will list on the ASX in mid-November with a management fee of 0.39%, providing advisers and investors an easy way to invest in Bitcoin without holding it directly.
The ETF will be backed by the US$85 billion US-listed iShares Bitcoin Trust, launched in January 2024. BlackRock Australasia’s director Tamara Stats said the launch highlights growing institutional demand for Bitcoin as a portfolio diversifier. Steve Ead, head of global product solutions, added that IBIT uses BlackRock’s global infrastructure to make crypto investing more accessible for Australians.
This marks BlackRock’s second ETF launch in two weeks, following the announcement of its iShares Core Global Aggregate Bond ETF. The firm continues to see strong global ETF inflows, with iShares assets now exceeding US$5 trillion.

Elon Musk, the billionaire behind Tesla, SpaceX and X, has announced a new messaging app called X Chat — a project he claims will change digital privacy and communication forever.

The app, set to launch in the coming months, will use peer-to-peer encryption “similar to Bitcoin’s,” ensuring conversations remain private and free from advertising data collection.

The announcement came during Musk’s recent appearance on The Joe Rogan Experience, where he explained that his team had “rebuilt the entire messaging stack” from the ground up.

Elon Musk on The Joe Rogan Experience show

“It’s using a sort of peer-to-peer-based encryption system,” Musk…

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President Trump’s Crypto and AI Czar, David Sacks, is making a bold case for America to reclaim leadership in digital innovation — calling crypto “the industry of the future.”

Speaking alongside a16z co-founders Marc Andreessen and Ben Horowitz, as well as entrepreneur Erik Torenberg, Sacks emphasized that the U.S. needs clear regulatory standards to keep crypto innovation onshore. 

He criticized the Biden administration’s “regulation by enforcement” approach, arguing that under SEC Chair Gary Gensler, crypto entrepreneurs were prosecuted instead of given clear rules to follow.

“All the entrepreneurs I’ve talked to over the years say the same thing — just…

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Bitcoin development nonprofit Btrust has named Nigerian Bitcoin Core contributor Abubakar Nur Khalil as its new chief executive officer, the organization announced today. 

Khalil had previously served as interim CEO while sitting on the board as a non-voting member. Khalil will step down from his board position and report directly to the organization’s directors in the full-time role. 

His three-year term is renewable once.

Founded to support open-source Bitcoin development in the Global South, Btrust has expanded its footprint across Africa, Latin America, and India over the past year. The non-profit received initial funding from Jay-Z and Jack Dorsey.

During his…

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Fidelity Crypto now allows customers to withdraw Bitcoin and other crypto to external wallets, over 2 years after launching its retail platform. 

This move gives users full self‑custody control while bridging traditional brokerage services and permissionless wallets.

Fidelity also took a major step toward mainstream crypto adoption by making its Physical Bitcoin ETP — launched in February 2022 and now listed on multiple European exchanges—available to UK retail clients for the first time after the FCA lifted the ban on retail crypto ETPs.

The firm’s Fidelity Physical Bitcoin ETP becomes the first crypto asset available to Fidelity’s advised platform clients from…

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It was a very disappointing week for bitcoin price action last week. Monday saw a nice move up into resistance, but that momentum quickly faded as bitcoin retraced the bullish move to end up right back down at the lows by Thursday. The market was a mixed bag as the Federal Reserve’s 25 basis point cut was expected, but Chairman Powell put a damper on expectations going forward, stating that there were no plans to continue with another interest rate cut in December’s FOMC meeting, which the market had been expecting. Bitcoin closed the week out at $110,591, which wasn’t entirely bearish, but was not confidence-inspiring for the bulls either.

Key Support and Resistance…

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IREN Limited (NASDAQ: IREN) and Cipher Mining Inc. (NASDAQ:CIFR), Bitcoin miners pivoting to AI infrastructure providers, are making some hefty business moves today, and their stocks have been reflecting it.

IREN signed a five-year, $9.7 billion agreement with Microsoft for GPU cloud computing services. The deal gives Microsoft access to NVIDIA GB300 GPUs managed by IREN at its Childress, Texas campus, with a phased deployment of GPU capacity throughout 2026. 

The contract includes a 20% prepayment and positions IREN as a key hyperscaler partner for the first time. 

Four new liquid-cooled data centers, Horizon 1 through Horizon 4, will support 200 megawatts of critical IT…

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