China, Bitcoin
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Bitcoin is struggling to climb out of a $330 billion hole, and the forces that once powered its ascent are in retreat. After a bruising October, the digital currency has staged only a halting recovery — climbing,
The news sent shockwaves through risk assets. Bitcoin (BTC) fell 1.5% to $101,748, while XRP dropped 3.2% to $2.35, according to CoinGecko data. Ethereum (ETH) slipped 0.8% to $3,441, and total crypto market capitalization fell below $3.5 trillion.
Goldman Sachs has warned the U.S. has seen the biggest decline in jobs since late 2020 as the Federal Reserve scrambles for data ahead of its December interest rate meeting—predicted to propel the bitcoin price
With no fundamental catalysts driving BCH specifically, technical levels dominated as the cryptocurrency navigated broader market chop. While BTC faced rejection near $107,000 and most altcoins sold off from resistance, BCH's hold above $515.00 support suggested accumulation by larger players.
Leap Therapeutics recently secured $58.88 million in a private placement led by Winklevoss Capital to create a Zcash treasury.
A Chinese woman who was found with 5 billion pounds ($6.6 billion) in Bitcoin after defrauding more than 128,000 people in China in a Ponzi scheme was sentenced by a UK court on Tuesday to over 11 years in prison.
Bitcoin price dropped nearly 3.6% to around $100,800 as U.S. stocks and gold rose ahead of the House vote to end the government shutdown.
Bitcoin's Coinbase Premium, a popular gauge for U.S. demand, is having its longest negative streak since the April correction, coinciding with the Fed turning more hawkish.
Galaxy Digital’s head of firmwide research, Alex Thorn, captured the shift bluntly: “the days of 1000x, 100x, or even possibly 10x gains in BTC are probably over.” He also revised his year-end price target from $185,000 to $120,000—not because the thesis has fallen apart, but because the market structure has changed.