Bitcoin (CRYPTO: BTC) has tumbled below $70,000 as equities continue to slide lower while oil prices surge.

Bearish Structure Remains

Crypto analyst Benjamin Cowen maintains a cautious outlook, arguing that recent upside is likely a countertrend rally rather than the start of a new bull market.

He pointed to historical patterns where Bitcoin grinds higher during bear phases before breaking down to new lows.

Cowen also highlighted the recurring four-year cycle, noting that in past midterm years, including 2014, 2018 and 2022, early-year lows were not the final bottom.

Bitcoin may still be forming a …

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The $1 Billion XRP Bet

Evernorth raised over $1 billion in gross proceeds to create what will be the largest public XRP treasury company. 

Ripple Labs contributed over 126 million XRP tokens in a private placement at a signing price of $2.36609, while Advance Funding Subscribers committed $214.05 million in cash plus 600,000 XRP tokens.

Evernorth already holds 388 million XRP tokens purchased at an average price of $2.44, making it the largest institutional XRP holder. 

Institutional and strategic investors include Arrington Capital, Ripple, SBI Holdings, Pantera Capital, and Kraken.

“We believe global finance is entering a new era with digital assets playing a larger role in how capital…

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Bitcoin (CRYPTO: BTC) is down 2% compared to gold sliding 4% after the Federal Reserve delivered hawkish signals, an unusual reversal as Bitcoin typically underperforms the precious metal during risk-off moves.

The Unusual Outperformance

Positioning may explain the divergence as gold surged 90% over the past year and hit record highs in February before the Middle East conflict started. 

That left it overbought and vulnerable. Bitcoin crashed 50% from October highs, leaving it oversold and ready to bounce.

Since the Iran war began, Bitcoin has been one of the strongest performing assets outside energy. Meanwhile gold sits 17% below its January peak, approaching bear-market territory.

The… Read more on Benzinga

Bitcoin fell to around $70,000 as ETF outflows and a higher inflation forecast for 2026 weighed on markets.

Bitcoin ETFs saw $129.6 million in net outflows on Wednesday, while Ethereum ETFs reported $55.5 million in net outflows.  

Meme coin market capitalization is down 5.3% over the past 24 hours.

Trader Commentary: Trader Cyril-DeFi said Bitcoin continues to struggle below the $75,000 resistance level, with repeated rejections signalling weak upside momentum.

He noted strong buying interest near $65,000 but said BTC remains below the key 200-day exponential moving average at $87,000, indicating a non-bullish structure. “Until a clear breakout above $75,000, downside risks remain,” he…

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Jailed cryptocurrency fraudster Sam Bankman-Fried lauded on Wednesday the effectiveness of Operation Epic Fury, the joint U.S.-Israeli military campaign against Iran.

SBF Endorses Analysis Backing Military Campaign

Bankman-Fried, also known as SBF, posted on X an Al Jazeera op-ed titled “The US-Israeli strategy against Iran is working. Here is why,” describing it as an “excellent” article.

The piece, penned by Muhanad Seloom, Assistant Professor of International Politics and Security at the Doha Institute for Graduate Studies, argued that the operation has succeeded in “dismantling” Iran’s capacity to wage war, including its missiles, drones, and air defenses.

“The…

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The Securities and Exchange Commission approved a proposal by Nasdaq Inc. (NASDAQ:NDAQ) allowing certain stocks to be traded and settled in tokenized form on the exchange.

SEC Greenlights Proposal For Blockchain-Based Stocks

The SEC found that the proposal was “consistent” with the Securities Exchange Act of 1934 and rules governing national securities exchanges, according to a filing. The initial scope includes Russell 1000 constituents and exchange-traded funds that track the S&P 500 and Nasdaq 100.

Nasdaq proposed to the SEC in September that its member firms be permitted to tokenize “certain” equity securities and exchange-traded products.

The proposed changes will enable…

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A widely followed cryptocurrency analyst identified on Wednesday a bullish reversal pattern for Dogecoin (CRYPTO: DOGE) similar to the one that preceded massive memecoin rallies previously.

Will History Repeat?

Ali Martinez took to X, highlighting a fractal pattern on Dogecoin’s monthly chart that mirrored the previous two bull cycles. The setup delivered over 9,000% gains for DOGE in the 2017-18 cycle and a staggering 30,693% in 2021-22.

“Once you see this Dogecoin fractal, you can’t unsee it,” Martinez said, suggesting a similar explosive rally to $10, though without giving a specific timeline.

Where’s The Volume?

Fractals are reversal patterns usually composed of five bars or…

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‘Climbing The Ladder Faster’

Trump took pride in the achievement on X, adding, “No company is climbing the ladder faster. Up, up, up we go!”

Michael Saylor’s Strategy Inc. (NASDAQ:MSTR) tops the list, with over $53 billion worth of Bitcoin on its balance sheet.

Long-Term Strategy To Increase BitcoinWhat’s The State Of ABTC Stock?

Year-to-date, American Bitcoin lags Galaxy significantly, as shown below.

StockYTD Gains +/-American Bitcoin-39.41%Galaxy Holdings               -3.49%

Despite the unimpressive performance, Roth Capital and HC Wainwright & Co. initiated coverage of the stock with a “Buy” rating and set a price target of $4,  representing a…

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