Crypto fear and greed index dropped back to 2022 lows as Bitcoin’s price tumbled and liquidation pressure increased across major assets. On Nov. 17, Bitcoin touched $93,000 while the Crypto Fear & Greed Index fell to 9, its lowest reading…
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Shiba Inu price faces massive token outflow and steadies for swing [btcmanager]
207 billion SHIB tokens exit exchanges in 24-Hour period, largest outflow in months. Shiba Inu (SHIB) experienced a major withdrawal event when 207 billion SHIB tokens exited cryptocurrency exchanges throughout a single day according to CryptoQuant data. The recent withdrawal…
Ethereum is entering its own ‘Supercycle’: Tom Lee sparks confusion [btcmanager]
Ethereum (ETH) is “entering the same supercycle” that once powered Bitcoin to astronomical gains, says Tom Lee, executive chairman of BitMine Immersion Technologies and head of research at Fundstrat Global Advisors. Lee likens the current Ether rally to Bitcoin’s 100x…
Ethereum is entering its own ‘Supercycle’: Tom Lee sparks confusion [btcmanager]
Ethereum (ETH) is “entering the same supercycle” that once powered Bitcoin to astronomical gains, says Tom Lee, executive chairman of BitMine Immersion Technologies and head of research at Fundstrat Global Advisors. Lee likens the current Ether rally to Bitcoin’s 100x…
Bitcoin price falls below $94k as liquidations spike and ETFs bleed, is more downside coming? [btcmanager]
Bitcoin price slid to its lowest level in over six months on Monday, weighed down by a wave of liquidations and ongoing outflows from its spot ETFs. According to data from crypto.news, the world’s largest crypto asset was trading around…
Japan to reclassify crypto assets as financial products and lower taxes [btcmanager]
Regulators in Japan are planning to classify cryptocurrencies as “financial products” under the Financial Instruments and Exchange Act and introduce a tax overhaul for the sector. Per local media, Japan’s Financial Services Agency wants to reclassify 105 cryptocurrencies under the…
Binance founder’s attorney denies pay-to-play speculation after CZ’s pardon [btcmanager]
Teresa Goody Guillén, Changpeng Zhao’s personal attorney, denied pay-to-play allegations surrounding the Binance founder’s presidential pardon. In a podcast interview with Anthony Pompliano, Guillén addressed critiques linking the pardon to Binance’s dealings with World Liberty Financial and other Trump-connected entities.…
Arthur Hayes moves $2.5M in ETH and tokens to market makers: Is he buying ZEC? [btcmanager]
BitMEX co-founder Arthur Hayes transferred $2.5 million worth of Ethereum and ecosystem tokens to institutional market makers including Flowdesk, FalconX, and Wintermute. Blockchain analyst EmberCN reported the moves and questioned whether Hayes is selling assets to add to his Zcash…
Iran plans crypto strategy with BRICS to work around global sanctions [btcmanager]
Iran is pushing forward with plans to adopt cryptocurrencies for international trade settlements as a way to circumvent U.S. and U.N. sanctions. The strategy was shared at the deBlock Summit, Iran’s first government-backed international blockchain conference, where officials called digital…
Ethereum price risky pattern nears as supply on exchanges plunge [btcmanager]
Ethereum price crashed to an important support level as its open interest slipped and exchange-traded funds outflows accelerated. Ethereum supply on exchanges has dropped Ethereum (ETH) token dived to the key support at $3,060, down by 35% from its highest…