Crypto News

Too much leverage has led to an inevitable pause in the crypto market, but this is largely seen as a healthy correction, analysts argued.Source link

Bitcoin’s price movements on Nov. 26, 2024, paint a clear picture of bearish momentum in the short- and mid-term, with a pivotal support zone at $92,000 under close scrutiny. Bitcoin On the 1-hour chart, bitcoin‘s descent is evident, marked by a consistent pattern of lower highs and lows. A bold red candlestick sliced through theSource link

Bitcoin (BTC) has dropped 7.6% since it almost — but not quite — touched the psychological wall of $100,000 on Nov. 22.That's the biggest drop since Donald Trump won the U.S. presidential election, sparking a rally that sent the largest cryptocurrency by market capitalization soaring from a level of around $66,000 through its record high.Even so, the slide isn't out of the ordinary. In bull markets bitcoin typically tumbles as much as 20% or even 30%, so-called corrections that tend to flush out leverage in an overheated market. A large part of the reason the bitcoin price didn't get to $100,000 was the amount of profit-taking that took place. A record dollar value of $10.5 billion of profit-taking took place...

MicroStrategy's bold strategy of accumulating Bitcoin (BTC) has made it a key player in the cryptocurrency market. Learn how the company's approach has intertwined traditional finance with digital assets. (Read More)Source link

Canaan Inc. successfully concludes its Series A-1 preferred shares financing, raising $30 million. The deal involves issuing 30,000 convertible preferred shares to an institutional investor. (Read More)Source link