Author: olivia

Bitcoin (BTC) price experienced notable volatility this October. Market data confirms a key divergence. Bitcoin breaks 2021 bullish pattern that many investors expected. This failure to replicate past bullish momentum creates caution in the sector. The information stems from the analysis of historical price charts. Technical analysis focused on BTC behavior during the fourth quarter (Q4). Historically, October, nicknamed “Uptober,” marked the start of a recovery. This pattern was evident in 2021, leading to all-time highs in November. However, 2023 showed a different reality. Despite expectations, Bitcoin failed to hold key resistance levels. Prices failed to decisively break the $30,000…

Nasdaq-listed investment firm DeFi Development Corp. (DFDV) announced a new strategic acquisition of Solana (SOL). However, the DeFi Development stock value per share drop has raised concerns. The company confirmed the purchase of $16 million in SOL, while its share metrics show dilution. The official announcement came directly from the DeFi Dev Corp. X (formerly Twitter) account.

Massive XRP accumulation held back by Bitcoin has set the tone this week. Investors have withdrawn 500 million XRP, valued at over $1.25 billion, from exchanges. However, according to analyzed market data, this strong buying is not reflected in the price. The digital asset remains under pressure from Bitcoin’s weakness.

October delivered another round of pain as prices slid for days, draining confidence across the crypto complex. Smaller coins were hit hardest while money moved toward the big names such as Bitcoin and Ethereum, highlighting a clear flight to perceived safety.

The PIPE model spread quickly among companies that hold bitcoin on their balance sheets, then shrank. No hard data exists on how widely it was used or when the drop began. Even so, the shift matters because it affects liquidity, price risk on the books, and how firms fund themselves.

Bitcoin fell below $110.000 and exchanges closed leveraged trades worth $524 million. The forced sales hit traders who had borrowed money to bet on higher prices and required immediate loan paybacks. The number shows how many bets used too little collateral and how many contracts and margin accounts were caught, with the pain depending on loan size and how many others held similar bets.

California Governor Gavin Newsom has signed bill SB 822. This key legislation preserves abandoned cryptocurrencies in the state. Unlike other regions, SB 822 facilitates abandoned Bitcoin recovery by prohibiting its immediate liquidation. The assets must be held in their original format for a specific period.

The global asset manager WisdomTree has received key approval from the UK’s Financial Conduct Authority (FCA). This milestone allows the listing of its Bitcoin and Ethereum ETPs in the UK. The products will debut on the London Stock Exchange (LSE) on May 28th, according to an official statement from the firm, marking a crucial moment for institutional crypto adoption in the country.

The cryptocurrency market is tensely watching a new bearish move. An anonymous whale, known on networks as “Trump Insider,” opened a massive short position on Bitcoin for $120 to $127 million. The operation, first reported this Tuesday by analyst @DefiWimar on the X platform, is raising alarms due to the operator’s supposedly infallible success rate.

Solana (SOL) is experiencing an intense market battle. Recent whale movements of $240 million to exchanges suggest strong selling pressure. This is happening just as optimism grows for an ETF. 21Shares has filed key documentation with the SEC, fueling speculation. The Solana price analysis is focused on the critical support at $190.