Jitendra Brahamkhatri

marcos carneiro

Abdul

I started looking into Bitcoin since 2019 and observing market since then. Here I will express my views on Bitcoin based on my prior experience. Any view should not be considered as a financial advice.

21million

kiran kurpad

Gouranga Kamila

Monir Shaikh

Bruzen Engti

Biswajit Mondal

Sunil Vadakhiya

The Securities and Exchange Commission’s latest examination priorities 
document didn’t mention crypto as an area of focus for the coming year, unlike 
in previous years.

SEC makes no specific mention of crypto in 2026 exam priorities

Chido Munyati, head of Africa at the World Economic Forum, said in a statement 
that outdated payments and documents are a significant obstacle for African 
trade, one that he hopes digitization can solve.

Efforts underway to digitize trade in Africa with blockchain, stablecoins

Since October 6, the crypto market has lost over $1.1 trillion in value. 
Analysts from The Bull Theory examined the underlying causes of this behavior 
and identified significant issues causing such poor performance in what was 
expected to be a bullish fourth quarter for the industry. Market Liquidity 
Stumbles Post-October 10 Sell-Off One of the primary factors cited is the 
severe damage inflicted on market liquidity following the dramatic sell-off on 
October 10, which resulted in more than $20 billion liquidated from traders in 
a matter of minutes. This particularly impacted altcoins, with many seeing 
losses of 70% to 80%. With liquidity diminished, the current market 
environment allows prices to fluctuate easily, meaning even minor sell-offs 
can lead to rapid price drops. The analysts noted that the liquidity has 
failed to recover since this initial dump, resulting in the order books for 
major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) becoming 
increasingly sparse. Related Reading: The ‘Insanely Bullish’ Dogecoin Setup 
That Will Trigger A 600% Rally To $1 The consequences of this thin liquidity 
are stark; a small volume of selling can generate significant downward price 
movements. This observation matches the reality of recent market activity, 
where price declines appear more pronounced than the actual selling volume. 
Another contributing factor to the downturn, as pointed out by market analyst 
Tom Lee, is the behavior of major market makers. According to Lee, the ongoing 
correction may stem from one or two large entities facing considerable losses. 
Layered upon these issues is the excessive leverage in the market. Despite the 
unprecedented liquidations, many traders have reportedly returned to the 
market with increased leverage. The Bull Theory analysts contend that this 
high leverage, coupled with thin markets, enables market makers to trigger 
substantial liquidations with minimal price movement, making the sell-offs 
appear more aggressive. Crypto Fear Index Hits Lowest Level In Over 3 Years 
Compounding these issues, market sentiment has been plagued by fear, 
uncertainty, and doubt (FUD). Current narratives circulating, such as 
speculation regarding Strategy (previously MicroStrategy) facing forced 
liquidations if Bitcoin falls below $74,000, further exacerbate panic. It is 
worth noting that during the 2020-2021 cycle, Strategy&#8217;s cost basis hovered 
around $30,000 to $32,000. Even when Bitcoin dipped to $16,000—almost 50% 
below their cost—the company did not sell any coins. The Fear Index has also 
plummeted to 10, a level not seen in over three and a half years. The analysts 
belive that such extreme fear suggests two potential scenarios: either the 
market has reached its bottom, or it is approaching it. Related Reading: 
Here’s Why The Ethereum Price Is Crashing Again, Can It Breach $3,000? In 
conjunction with these sentiment measures, the Relative Strength Index (RSI) 
for Bitcoin has returned to levels comparable to those of January 2023, when 
Bitcoin was valued around $20,000. The analysts suggest that this signals a 
stretched market on the downside, particularly within altcoins, where 
speculative activity has diminished and retail interest is waning. Despite the 
current turmoil, the Bull Theory analysts find that fundamentally, little has 
changed within the crypto market. They highlighted that Bitcoin’s network 
remains robust, with increasing hashrate, ongoing institutional interest, and 
a supportive stance from the US government regarding regulated crypto. 
However, it remains to be seen what the eventual direction of the digital 
asset market will be, as neither negative nor bullish cycles follow straight 
lines. This suggests that despite the downtrend, a new recovery and future 
dips may occur, and vice versa. At the time of writing, Bitcoin was leading 
Monday’s crypto market drop, trading at $91,940—a 3% drop within 24 hours and 
a 13% drop within a week. Featured image from DALL-E, chart from 
TradingView.com

Crypto Market Wipes Out $1 Trillion Since October: Analyzing The Forces Behind The Crash

Will the White House proposal give the IRS broader access to offshore crypto 
data as agencies push for tighter tax oversight? The White House is examining 
a proposed rule that would give the Internal Revenue Service access to data 
on…

White House reviews rule on IRS access to offshore crypto data

The significant sell-off may signal waning institutional confidence in crypto, 
potentially impacting future investment strategies and market stability.
The post BlackRock&#8217;s IBIT offloads $145 million in Bitcoin appeared first on 
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