BTC, Nasdaq Futures Drop as Oracle Earnings Revive AI Bubble Fears

Bitcoin's price has shown signs of recovery, reaching approximately $92,000, but significant investors, known as whales, are closing long positions, indicating a potential bearish sentiment despite the recent uptick. This trend raises concerns about the sustainability of the price increase and the overall market stability.

Revolut has integrated with Trust Wallet to enable users in the European Economic Area (EEA) to purchase cryptocurrencies such as BTC, ETH, SOL, USDC, and USDT directly into self-custody wallets, with options for zero fees under the Markets in Crypto-Assets (MiCA) regulation. This integration aims to simplify the buying process for users seeking to manage their digital assets independently.

Bitcoin (BTC) has returned to the $90,000 mark, while Ethereum (ETH) is testing the $3,200 support level. This follows a recent interest rate cut by the Federal Reserve, which has led to fluctuating market sentiments within the cryptocurrency community.

The cryptocurrency market has faced a significant downturn, with Bitcoin (BTC) and Ethereum (ETH) giving back recent gains, resulting in the liquidation of $370 million in bullish bets. This decline follows a brief period of optimism, highlighting the volatility inherent in the crypto market.

The U.S. Commodity Futures Trading Commission (CFTC) has established a new CEO Innovation Council, which includes leaders from both cryptocurrency exchanges like Kraken and traditional stock exchanges such as Nasdaq. This council aims to discuss and propose reforms in market structure and regulatory frameworks for digital assets and prediction markets.

American Bitcoin Corp. has added 416 BTC to its treasury, increasing its total holdings to 4,783 BTC. This acquisition occurs amid ongoing pressure on the company's stock, which has faced significant volatility due to broader market trends.

Bitcoin's market structure has shown resilience despite a slowdown in trading activity, with prices stabilizing as long-term holders maintain their positions. The transition from volatile trading to a more stable market is evident as Bitcoin flows into cold storage and exchange supply tightens.

A long-dormant Ethereum (ETH) wallet and significant Bitcoin (BTC) holders have begun moving their funds in anticipation of the upcoming Federal Reserve meeting, indicating increased activity in the cryptocurrency market. This shift suggests traders are preparing for potential volatility related to interest rate decisions.