Grayscale highlights that the US public debt exceeding $40 trillion could weaken confidence in fiat currencies, increasing interest in cryptocurrencies like Bitcoin, Ethereum, and Zcash as alternative stores of value. The Treasury's expanded long-term bond buybacks aim to ease market pressure but do not address structural deficits driving debt growth. Persistent federal deficits and rising debt-to-GDP ratios suggest continued borrowing, reinforcing the appeal of these digital assets amid fiscal uncertainty. Grayscale sees these factors supporting long-term adoption of Bitcoin and related cryptos.
Akedo (AKE) topped Monday's crypto gainers, rising 7.39% to $0.0310, while most nonstablecoin cryptocurrencies declined. Out of 89 tracked nonstablecoins, 35 advanced and 54 fell, with decliners outnumbering advancers by 19. Other notable gainers inc...
Bitcoin was trading around $79,981 as liquidation maps revealed clusters of leveraged positions just above and below the current price, indicating key resistance and support zones. Concentrations of liquidations were noted between $81,500-$82,000 and...
Bitcoin prices fell below the $80,000 mark twice over the weekend, triggering $34.63 million in liquidations, mostly from long positions. This reflects ongoing bearish pressure with a trend of lower highs and lows, potentially pushing prices toward a...
Bitcoin price fell below $80,000 due to leveraged long liquidations and significant outflows from U.S. spot Bitcoin ETFs totaling about $773.5 million over two days. This decline follows failed attempts to hold gains above $83,000 and comes as invest...
The global cryptocurrency market lost 4.47% of its value within 24 hours, falling to $2.68 trillion as of early October 26. Bitcoin's price declined by 1.01% to $80,098, with trading volume reaching $49.27 billion. Ether experienced the largest drop ...
