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It was a rough Thursday, with major indices sliding across the board. The tech-heavy S&P 500 fell -2.4%, the Nasdaq dropped -3.8%, and even Gold edged lower by -0.60%. BTC took the biggest hit, falling -5.2% and briefly touching the $80,000 level earlier today.
The selloff came despite a strong earnings report from Nvidia, which makes the market reaction harder to pinpoint. The United States unemployment rate for September ticked up to 4.4% even as job growth beat expectations. At the same time, the odds of a December rate cut have fallen sharply from 45.4% last week to 28% now, and that shift…
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On November 19, William “Bill” Hill, 67, co-founder of Bitcoin mixing service Samourai Wallet, was sentenced to four years in prison for operating an unlicensed money transmitting business that processed over $237 million in criminal proceeds, according to journalist Frank Corva.
Hill pleaded guilty in July in the Southern District of New York, admitting that the platform he co-founded was used to conceal illicit funds from activities including drug trafficking, darknet marketplaces, cyber intrusions, fraud, sanctioned jurisdictions, murder-for-hire schemes, and a child pornography website.
His co-founder, Keonne Rodriguez, received a five-year sentence.
Prosecutors…
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Michael Saylor pushed back on recent reports warning that Strategy could face billions in passive outflows if MSCI excludes the company from major equity indices.
In a statement on X, Saylor said that Strategy is “not a fund, not a trust, and not a holding company.” He described the firm as a publicly traded operating company with a $500 million software business and a unique treasury strategy that uses Bitcoin as productive capital.
Saylor highlighted the company’s recent activity, including five public offerings of digital credit securities — $STRK, $STRF, $STRD, $STRC, and $STRE — representing over $7.7 billion in notional value.
He also pointed to Stretch…
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Bitcoin price is entering one of its most fragile moments of the cycle. The price action says it. The onchain data screams it. And the mood across crypto feels tense, almost brittle
Bitcoin price fell to a low of $80,524 on Friday, its lowest level since April and a level many didn’t expect to see again this year. The drop pushed the bitcoin price more than 35% below its all-time high, erasing all year-to-date gains and dragging risk sentiment across the entire market with it.
Since the dip, the Bitcoin price has rebounded to the $84,000 range, showing high volatility across crypto markets.
Glassnode data shows realized losses spiking to levels last seen during the…
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Bitcoin price has started to show clear signs of weakness, and the recent move back below six figures has forced a reassessment of the near-term outlook. With several important technical and on-chain levels now lost, I have recalibrated my base case so that the probability of retesting new all-time highs in the coming weeks has fallen below 50%. That can change quickly if major levels are reclaimed, but until then, the conditions resemble a market shifting away from trending strength and toward a deeper corrective phase.
Bitcoin Price: Is “Buying The Dip” Still the Right Move?
Bitcoin is already in a sizeable pullback, but buying every decline isn’t always the optimal…
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