Bitcoin is currently trading at 76767, representing a minor decline of -0.64% over the past 24 hours. This marginal downward movement indicates a period of short-term consolidation and cautious sentiment among market participants. After previously testing higher ranges, the minor retreat suggests that traders are pausing to digest macroeconomic signals rather than executing aggressive selloffs, leading to temporary price stabilization around the 76700 threshold. The broader digital asset sector is facing multi-directional pressures, characterized by significant institutional outflows alongside prominent regulatory and security concerns. Recent data shows that Bitcoin ETFs experienced $449 million in net outflows over three days, signaling a cooling of immediate institutional appetite. Additionally, macroeconomic headwinds, such as a 5.4% year-over-year rise in US PPI and heightened expectations of a Federal Reserve rate hike, are dampening risk-on sentiment. On the security front, major vulnerabilities like the Revolut KYC data leak and the Brevo phishing attack affecting 347,000 Trezor users are intensifying regulatory scrutiny and investor caution. Conversely, massive political donations totaling ÂŁ72 million to Reform UK by crypto billionaires and UniCredit's search for digital asset infrastructure partners underscore the growing integration of crypto wealth into mainstream political and traditional financial systems. - Cautious market behavior is driven by macroeconomic headwinds, including a 5.4% YoY US PPI increase and looming Fed rate hike expectations. - Acceleration of ETF outflows totaling $449 million indicates a short-term cooling of institutional demand for digital assets. - Growing integration of crypto into global systems is highlighted by record-breaking political donations and traditional banking partnerships.
Bitcoin makes a muted start in the Asian session after sliding when the U.S. Clarity Act on digital assets failed to clear a procedural vote. Markets had widely expected the result amid disagreement over key points in the bill to set a regulatory framework for crypto. However, the fact that no Democ…
Bitcoin drops in early Asia trade, slipping further below the $80,000 handle as oil prices sharpen rate-hike expectations. The prospect of tighter financial conditions tends to drag on non-yielding assets, while alarm over the continued Middle East conflict and its inflationary impact dulls risk app…
Cryptocurrencies could be big winners from a surprise Federal Reserve rate hold later this week, IG's Chris Beauchamp writes. The Fed is widely expected to raise rates Wednesday, with the market pricing a close to 90% likelihood of a quarter-point rise, according to LSEG. However, bitcoin and other …
A cross-chain protocol walking away from a $46.1 billion notional exploit with roughly $336,000 in actual losses sounds like a near-miss story with a strange silver lining. That is roughly the situation Symbiosis found itself navigating after an attacker hit its native Bitcoin Bridge on September 11…