CFTC chair Mike Selig said the agency established a prediction markets 
advisory to help catch insider traders, warning there would be consequences.

Kalshi boots a US politician off the platform for insider trading

Tether’s market capitalization has declined for a second straight month, a 
rare occurrence last seen after the 2022 Terra collapse. This contraction, 
alongside muted bitcoin ETF demand, points to fragile market conditions. 
Stablecoin Slowdown Signals Crypto Capital Outflows Tether ( USDT) is flashing 
a signal the crypto market hasn’t seen in years. The world’s largest […]

USDT Market Capitalization Drops by Over $3 Billion, Raising Market Concerns

According to a new forecast from an Elliott Wave analyst, the Bitcoin price 
could be gearing up for more pain as bearish pressures continue to weigh 
heavily on it. As a final bear market move, the analyst has projected that 
Bitcoin could crash by more than 14% from its current price near $65,000. 
Bitcoin Price Readies For Final Bear Market Plunge Elliott Wave Strategy, a 
market expert on X who focuses primarily on Elliott Wave structures and 
analysis, has warned that Bitcoin is entering its final leg down of its 
current bear market cycle. In his updated post, the analyst declared that 
BTC’s corrective Wave 4 structure has ended precisely as projected. He 
summarized the outlook bluntly, stating that the relief phase is finally over 
and Wave 5 is now in motion. Related Reading: Bitcoin Dominance To Experience 
Major Crash? Pundit Shares What This Would Mean The accompanying TradingView 
chart shows Wave 5 beginning at the end of a triangle formation, which marked 
Wave 4. The projected target for the final wave has been clearly defined, with 
the first measured move expected to drag Bitcoin’s price down toward the 1.0 
Fibonacci Retracement level at $60,385. Elliott Wave Strategy has also 
forecasted a potential market bottom. He expects Bitcoin to decline further to 
the next bearish target at $55,759, marked by the 1.618 Fibonacci level. Based 
on the expert’s analysis, BTC’s current structure shows no clear signs of a 
possible recovery until it completes its correction. As a result, the analyst 
has urged investors and traders to brace for the potential decline to $55,759, 
which could wipe out more than 55% of BTC’s value from its ATH levels above 
$126,000. A Recap Of Bitcoin’s Wave 4 Performance Based on the wave count 
displayed on the Elliott Wave Strategy’s chart, Bitcoin has already completed 
Waves 1 through 4 of a five-wave bearish impulse. The structure shows an 
earlier price breakdown from above $90,000, slicing through the 0.382 
retracement at $90,601 before accelerating below $75,300, which coincided with 
the 0.5 retracement level. Following this, Bitcoin continued its downward 
spiral below the 0.382 Fibonacci Retracement at $71,689.20, marking the start 
of the Wave 4 consolidation. Related Reading: Here’s What’s Driving The 
Bitcoin Price Crash Toward $60,0000 In a previous analysis, Elliott Wave 
Strategy noted that Bitcoin had already entered its corrective Wave 4 
structure as of February 12. He warned that the temporary rally above $71,000 
that preceded the onset of Wave 4 should not be mistaken for a new bull market 
cycle, reinforcing his predominantly bearish stance on BTC. The now-completed 
Wave 4 triangle has been capped by descending resistance near $70,000 and 
supported by a rising trendline around $66,000. Elliott Wave Strategy 
characterized this trendline as a classic bearish continuation pattern, 
suggesting further downside pressure for BTC’s already weak price. Featured 
image from Pixabay, chart from Tradingview.com

Elliot Wave Analyst Predicts Bitcoin Price Will Crash In Final Move, What’s The Target?

A new research report from bitcoin-focused financial services firm River 
estimates that 23 nation-states now hold bitcoin, signaling a steady shift 
from fringe asset to sovereign balance sheet contender. River Report: Nearly 2 
Dozen Countries Now Hold Bitcoin as Nation-State Adoption Expands River’s 
latest adoption report paints a clear picture: bitcoin (BTC) is no longer […]

Bitcoin Goes Sovereign: 23 Nation-States Estimated to Own BTC

In a sign of the growing convergence between traditional finance and digital 
assets, Emirates NBD is reportedly exploring the addition of Bitcoin to its 
investment portfolio. The development reflects a broader shift in 
institutional strategy, as major financial institutions increasingly recognize 
BTC&#8217;s potential role in portfolio diversification, inflation hedging, and 
long-term value preservation. Why Emirates NBD Is Exploring Bitcoin 
Integration Emirates NBD, one of the largest banks in the United Arab Emirates 
but frequently described as the UAE&#8217;s second-largest bank, is actively 
evaluating whether to add Bitcoin to its investment portfolio. Crypto market 
commentator MartyParty has mentioned on X that the news stems directly from 
comments by Maurice Gravier, the Group Chief Investment Officer (CIO) at 
Emirates NBD, during an appearance on CNBC Squawk Box. Related Reading: 
Bitcoin Sees “Most Aggressive” Institutional Selling Ever, Analyst Says 
Gravier&#8217;s key points were viewing BTC as digital gold and framing it primarily 
as a store of value rather than merely an alternative currency. He noted that 
Bitcoin has matured significantly, citing its proof-of-work security model, 
limited supply, and structurally low inflation rate as attributes that enhance 
its appeal to institutional investors. Furthermore, Gravier has suggested that 
BTC&#8217;s current valuation appears more attractive compared to six months ago, 
when the price was considered relatively high. According to MartyParty’s 
summary, the bank has an internet model, and indicates that BTC could 
reasonably approach the $100,000 range within the next 12 months. However, the 
projections are still being refined. The Emirates NBD&#8217;s bank asset management 
division reportedly oversees approximately $16 billion in assets, and any 
potential allocation would be limited in size and used for diversification 
purposes. Nonetheless, with no final decision or execution, it is still under 
review amid ongoing market volatility. This consideration has highlighted a 
growing institutional interest in BTC across traditional finance in the Middle 
East. How Businesses Are Using BTC Payments At Scale While individuals are 
focused on Bitcoin dropping to $63,000, with the price down 50% from its high, 
a major milestone in its underlying network activity last week has largely 
gone unnoticed. Crypto analyst Fernando Nikolić pointed out that the Lightning 
Network surpassed $1 billion in monthly transaction volume for the first time, 
reaching approximately $1.17 billion across 5.2 million transactions in 
November. Related Reading: Bullish Signal? Coinbase Bitcoin Premium Turns 
Positive After Months In Red The data shows that the average transaction size 
nearly doubled year-over-year from $118 to $223, indicating that this is not 
just micropayment experimentation. Nikolić believes that businesses are using 
it, and exchanges are moving real money through it. In other words, its actual 
usage as a payment network just hit an all-time high. In his view, both 
realities can coexist and underscore a broader disconnect between market 
narratives and underlying network fundamentals. Also, Nikolić noted that the 
adoption milestone has received relatively little attention because it 
challenges the dominant bearish storyline surrounding the BTC price action. 
Featured image from Peakpx, chart from Tradingview.com

Cryptocurrency price in CLP