Bitcoin futures traders refuse to capitulate even as BTC price drop to $89K

XRP's price is at risk of a 25% decline to $1.55 due to a significant drop in ledger activity over the past four months. This downturn has raised concerns among analysts regarding the cryptocurrency's future performance.

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.

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.

The likelihood of a Federal Reserve rate cut in December has dropped to 33%, down from 67% at the beginning of November, coinciding with a decline in Bitcoin's price below $89,000. This shift reflects a significant change in investor sentiment and market dynamics.

The likelihood of a Federal Reserve rate cut in December has dropped to 33%, down from 67% at the beginning of November, coinciding with a decline in Bitcoin's price below $89,000. This shift reflects a significant change in investor sentiment and market dynamics.

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.

Anchorage Digital Bank has partnered with Mezo to integrate BitcoinFi tools into its custody platform, enabling institutions to borrow against Bitcoin (BTC) in a compliant manner. This collaboration aims to enhance institutional access to Bitcoin-backed loans, providing a structured path for financial entities to leverage their BTC holdings.

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.