Saylor shrugs off suggestion Wall Street ‘hurt’ Bitcoin amid latest crash

Bitcoin futures traders are showing resilience despite the cryptocurrency's price dropping to $89,000. The stability in the derivatives market suggests that traders may be anticipating a potential price reversal, indicating a level of confidence amidst the recent downturn.

Japan has officially elevated Shiba Inu (SHIB) into its highest-tier crypto compliance category, placing it alongside Bitcoin and Ethereum. This milestone reflects a clear shift in how Japanese regulators view SHIB, recognizing it as more than a speculative token and validating its advancement into a government-approved digital asset.

Bitcoin is currently trading at critical price levels around $90,000, indicating a severe short-term capitulation phase. Recent data from CryptoQuant reveals that short-term holders are realizing losses at a scale typically seen near major market turning points. The STH-SOPR metric has dropped below the critical 1.0 threshold, suggesting that many are selling out of fear rather than strategy, marking a significant moment of uncertainty in the cryptocurrency market.

Bitfury, a prominent Bitcoin mining firm, has announced a strategic shift away from mining operations to focus on technology investments. The company plans to launch a $1 billion technology fund aimed at supporting ethical artificial intelligence and cryptocurrency startups, marking a significant transition after 14 years in the mining sector.

A bearish signal from Bitcoin’s SuperTrend indicator suggests a potential major price decline, with estimates indicating a possible drop of up to 77%. This prediction is further supported by the Crypto Fear and Greed index, which is currently registering 'extreme fear' in the market.

A bearish signal from Bitcoin’s SuperTrend indicator suggests a significant price decline, potentially leading to a 77% drop. This prediction is further supported by the Crypto Fear & Greed index, which indicates 'extreme fear' in the market.

Nvidia's earnings for Q3 exceeded expectations, resulting in a surge in its stock price and contributing to Bitcoin's recovery to $90,000, driven by strong data center revenue.

Bitcoin is currently trading around the $90,000 mark, reflecting a significant market shift. Analysts are divided on whether this decline below $100,000 signals the start of a bear market or if Bitcoin is poised for a recovery. Recent data indicates that nearly 7 million BTC are now at an unrealized loss, the highest since January 2024, highlighting the ongoing volatility and uncertainty in the cryptocurrency market.