The Bitcoin price fell below major support and back into its bear flag on Wednesday. Is this the first sign of an impending crash back down to the bottom of the bear flag, or is this just a healthy pullback before the $BTC price returns to $82K?
A warning from Bitcoin’s weekly chart is showing a familiar bear market structure beginning to take shape. According to technical analysis of the weekly chart, Bitcoin has already moved through a topside distribution phase and a range phase beneath it, and the current price action is now forming a redistribution zone. The concern is that a similar setup appeared after the 2021 peak before Bitcoin went through a much deeper decline. The last time this setup appeared, it erased nearly 80% of Bitcoin’s value in under a year. Bitcoin Chart Following The 2021 Breakdown Structure The analysis compares Bitcoin’s current weekly chart with the structure that developed during the 2021 to 2022 bear market. In that previous cycle, Bitcoin first created a distribution zone near the top. The price then entered a range phase below that high, creating the appearance of stabilization before the market rolled into a redistribution area. Related Reading: Ripple CEO Reveals What It Would Mean For XRP Hol
This partnership could accelerate the integration of traditional finance with blockchain, enhancing capital efficiency and broadening market access.
The post Payward partners with Franklin Templeton to develop onchain investment products appeared first on Crypto Briefing.
The post Bitcoin keeps rallying mid-month – Is Saylor using Strategy’s STRC funding loop to pump BTC? appeared on BitcoinEthereumNews.com.
Make CryptoSlate preferred on Bitcoin has been seeing recurring mid-month strength this year, and it is becoming harder to separate it from Strategy’s (formerly MicroStrategy) expanding preferred-stock machine. The funding channel is helping the company continue to buy the flagship digital asset while adding a growing layer of cost to its balance sheet. Research firm K33 has tied the pattern to Strategy’s perpetual preferred stock, STRC, which has become a key source of liquidity for the world’s largest corporate Bitcoin holder. The instrument pays dividends at month-end, but investors must own the shares by the 15th to qualify for the payout. That deadline has turned the middle of each month into a predictable window of demand. Investors buy STRC ahead of the cutoff, driving up its trading volume, and the stock moves back toward its $100 par value.
The post Citigroup boosts Bitcoin exposure with $41.2M in Strategy shares appeared on BitcoinEthereumNews.com.
Citigroup has quietly been loading up on MicroStrategy shares, bringing its total position to 723,016 shares valued at roughly $41.2M. It’s not a direct Bitcoin buy, but it doesn’t need to be. When you own a meaningful stake in a company sitting on 818,334 BTC, the line between “equity investment” and “crypto exposure” gets pretty thin. The move puts Citigroup in increasingly familiar company. Goldman Sachs, Morgan Stanley, and a growing roster of Wall Street heavyweights have all been angling for Bitcoin exposure through various vehicles over the past year. The difference is that Citigroup chose to go the MicroStrategy route, essentially buying a leveraged bet on Bitcoin wrapped in a corporate equity structure. Why MicroStrategy is Wall Street’s favorite Bitcoin proxy MicroStrategy, which has rebranded itself as Strategy, pioneered the corporate Bitcoin treasury playbook. The
The integration could boost institutional adoption of blockchain by providing a regulated, compliant environment for tokenized asset trading.
The post tZERO integrates regulated tokenization platform on Aptos L1 appeared first on Crypto Briefing.
The launch of Nasdaq crypto index futures by CME Group could significantly enhance institutional participation and market stability in the crypto sector.
The post CME Group to launch Nasdaq crypto index futures covering Bitcoin, Ether, XRP as daily volumes surge 43% this year appeared first on Crypto Briefing.
Bitcoin slips below $80K as inflation data pressures markets and cloud mining interest grows. On Thursday, Bitcoin prices experienced a sharp pullback, driven by higher-than-expected inflation data and escalating geopolitical tensions. During the U.S. trading session, Bitcoin fell to $79,200,…