Sequans shares fell 16% on Tuesday after the chip maker said it sold 970 
Bitcoin to redeem half of its $189 million outstanding convertible debt.

Sequans shares drop 16% after selling 970 Bitcoin to cut debt

Bitcoin and ether exchange-traded funds (ETFs) kicked off November with heavy 
outflows totaling over $320 million, while solana ETFs stood out once again, 
attracting $70 million in fresh inflows to extend their early winning streak. 
Bitcoin and Ether ETFs Extend Red Streak With Solana Defying Outflow Trend The 
week began with sharp contrasts across the […]

Solana ETFs Shine as Bitcoin, Ether Funds Bleed Over $300 Million

Bitcoin might be currently trending downwards, but a full fundamental 
breakdown shows it is ready to return to $120,000, and it is only a matter of 
time. According to an extensive fundamental analysis shared by Mr. Wall Street 
on X, the recent months of price stagnation and sudden drops are part of a 
larger accumulation phase dominated by institutional players. The overall 
setup, he argued, points clearly to Bitcoin’s eventual climb back above 
$120,000. Institutional Accumulation And Controlled Bitcoin Price Range The 
analyst&#8217;s first point is how Bitcoin has been trading within a 120-day range, 
oscillating between $107,000 and $123,000 to form what is a controlled 
consolidation range by institutions intended to push out weak retail 
investors. Mr. Wall Street noted that Bitcoin’s structure remains 
fundamentally bullish despite the prolonged sideways movement. Related 
Reading: Donald Trump Makes Nice With China, But Why Are The Bitcoin And 
Ethereum Prices Still Crashing? Each attempt to break out above $120,000 
strongly or below the $107,000 support has failed, a sign that large 
institutions are actively controlling liquidity within this narrow band. Every 
crash within this period, including the one caused by the Binance sell-off and 
Trump&#8217;s tariff war with China, was met by strong institutional bids near the 
$107,000 zone, even when Bitcoin went on a flash crash to $101,000. Therefore, 
there is no technical or structural weakness that invalidates the bullish 
thesis. The imbalance to the upside, he added, is sufficient to push Bitcoin 
back to trading in the $120,000 and $123,000 range, which is the Value Area 
High. Mr. Wall Street also tied Bitcoin’s coming surge to changes within the 
Federal Reserve’s policies. He pointed out that despite claiming to end 
quantitative tightening, the Fed has quietly injected billions into the 
banking system through repo operations and mortgage-backed securities 
purchases. He highlighted a single Friday where $50.35 billion entered the 
system. According to him, this liquidity will ultimately find its way into 
risk assets, including Bitcoin, in a pattern similar to the 2019 monetary 
response that preceded crypto’s 2020 and 2021 bull run. Although he warned 
that a fabricated crash could precede the next liquidity wave, this will only 
strengthen Bitcoin’s long-term position for another move to $120,000 and 
possibly higher. Gold And Bitcoin In The Battle For The Real Store Of Value 
Mr. Wall Street also called attention to the psychological side of the current 
cycle, which has been highlighted by some investors gravitating towards gold. 
He argued that retail investors are being pushed to gold through manipulated 
narratives of stagflation and economic fear, while institutions quietly buy 
Bitcoin. &#8220;What&#8217;s ironic is that the same logic that drives people to buy gold 
should be making them buy Bitcoin instead,&#8221; he said. Related Reading: Analyst 
Reveals What Traders Are Missing After The Bitcoin Price Spike To $116,000 The 
ongoing gold hype is to distract the public while institutions accumulate 
Bitcoin at discount levels. Once retail participants exit the crypto market 
entirely, then there is going to be a move upward that redefines Bitcoin&#8217;s 
price level. As he concluded, the boring sideways phase is nearing its end, 
and the next aggressive move, one that could carry Bitcoin back above 
$120,000, is only a matter of time. At the time of writing, Bitcoin is trading 
at $104,200. Featured image from Pixabay, chart from Tradingview.com

Analyst’s Full Market Breakdown Shows Why Bitcoin Price Is Headed For $120,000

Franklin Templeton XRP ETF S-1 update removes delay provision, signaling 
readiness for a potential ETF launch this month as interest grows.
The post Franklin Templeton updates XRP ETF filing, aiming for launch this 
month appeared first on Crypto Briefing.

Franklin Templeton updates XRP ETF filing, aiming for launch this month

Bitcoin fell $7,000 to $100K, pushing mining profitability to its lowest level 
since April as energy costs squeeze operators.
The post Bitcoin miners&#8217; earnings hit lowest level since April amid $7,000 
price drop appeared first on Crypto Briefing.

Cryptocurrency price in NOK