Bitcoin (CRYPTO: BTC) is struggling around $90,000 support as Bloomberg Intelligence strategist Mike McGlone warns BTC could revisit $50,000 in 2026 if equity market volatility picks up.

McGlone Links Bitcoin Risk To Gold’s Historic Surge

McGlone’s thesis centers on an unusual pattern: gold rallied faster in 2025 than any year since 1979, yet stock market volatility stayed extremely low during that same period. Historically, these conditions don’t last.

When gold surges while volatility remains suppressed, it typically signals that turbulence is coming. 

McGlone argues that if volatility returns to equity markets in 2026, Bitcoin will get hit alongside stocks because it trades like a…

Read more on Benzinga

Zcash (CRYPTO: ZEC) crashed 16% to $394 after the entire Electric Coin Company development team resigned on Wednesday.

What Happened Between ECC And Bootstrap

CEO Josh Swihart announced the mass resignation on X, stating the team was constructively discharged after Bootstrap changed employment terms in ways that prevented them from performing their duties effectively.

Swihart named four Bootstrap board members—Zaki Manian, Christina Garman, Alan Fairless, and Michelle Lai—as being misaligned with Zcash’s mission. 

The team is forming a new company to continue development work on privacy-focused payments.

Bootstrap countered that the dispute centers on legal compliance, not mission…

Read more on Benzinga

The chief executive of prediction market exchange Kalshi has publicly endorsed new U.S. legislation that would prohibit insider trading on political and policy-based prediction markets.

Tarek Mansour, CEO of Kalshi, voiced his support for the Public Integrity in Financial Prediction Markets Act of 2026, proposed earlier this week by U.S. Representative Ritchie Torres (D-NY), in a LinkedIn post on Wednesday.

Drawing A Line Between Regulated And Offshore Markets

Mansour emphasized that Kalshi already enforces strict rules against insider trading, similar to those used by traditional financial exchanges.

“Kalshi is supportive of the bill Ritchie Torres is looking to introduce to affirm the…

Read more on Benzinga

U.S. spot XRP (CRYPTO: XRP) ETFs reported their first net outflows on Wednesday, ending a 36-day streak as $40.8 million exited, led by $47.25 million leaving the 21Shares XRP ETF (CBOE: TOXR).

First Red Day Since November Launch

The outflows mark a notable shift after XRP ETFs accumulated $1.25 billion in total net inflows since the Canary XRP ETF (NASDAQ:XRPC) launched on Nov. 13, 2025.

The $40.8 million outflow represents approximately 3% of cumulative inflows since launch.

21Shares’ TOXR saw $47.25 million move out, while funds from Canary, Bitwise, and Grayscale saw comparatively small net inflows of around $2 million each, partially offsetting the exodus.

Rachael Lucas, BTC Markets…

Read more on Benzinga

Matt Hougan, chief investment officer at Bitwise Invest, outlined three key conditions that must be met for cryptocurrency markets to extend their early 2026 rally and transition from a bounce into a sustained uptrend.

What Happened: Crypto markets have started 2026 strong, with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) both up roughly 7% year-to-date, while higher-beta altcoins have significantly outperformed.

Hougan said the rally can continue if three major boxes are checked:

No major market blowups

The biggest near-term risk has been another forced liquidation event similar to the Oct. 10, 2025 deleveraging that erased nearly $19 billion.

Hougan noted that this risk has largely…

Read more on Benzinga

Bitcoin trading around $90,000 as crypto sentiment remains neutral and ETFs see heavy outflows; liquidations stand at $465.67 million over the past 24 hours.   

Bitcoin ETFs saw $486 million in net outflows on Wednesday, while Ethereum ETFs reported $98.5 million in net outflows.

Time For Bitcoin To Push Higher Again?

Michael van de Poppe said Bitcoin is at a key inflection point after testing the 21-day moving average. Holding this level keeps a move toward $94,000 next week in play, while losing it could trigger a liquidity sweep of recent lows before continuation.

Crypto trader Jelle noted the Federal Reserve expanded its balance sheet for the first time in nearly three years, a…

Read more on Benzinga