Bitcoin's recent rally has been curtailed due to increased profit-taking among investors, as highlighted by data from CryptoQuant. The demand for Bitcoin in the US has also seen a decline, contributing to the downward pressure on prices. Analysts suggest that the combination of profit-taking and reduced demand may
A Bitcoin owner has reported that Claude AI successfully retrieved the password to their lost wallet, allowing access to approximately $400,000 worth of Bitcoin. The individual had been unable to access the wallet for years due to forgetting the password. After utilizing the AI's capabilities, they were
Bitcoin traders are anticipating a rapid increase in the cryptocurrency's price to $90,000 following the recent vote on the CLARITY Act, which aims to provide clearer regulations for digital assets. The legislation is seen as a positive development for the crypto market, potentially attracting more institutional investment.
Polymarket, a decentralized prediction market, experienced a decline in monthly trading volume for the first time since August. The platform's volume dropped to approximately $8 million in October, marking a significant decrease from previous months. This downturn is attributed to a combination of factors, including increased competition and
A significant cryptocurrency whale has taken a short position worth $70 million, targeting both crypto and tech assets, which has raised concerns among Bitcoin traders. This move comes amid a volatile market, prompting speculation about potential downward pressure on Bitcoin prices. Analysts suggest that such large short positions could indicate