News

The crypto market is on track for a third straight week of losses, with over $3.2 billion pulled from major crypto funds in three weeks. Bitcoin and Ethereum are the hardest hit, but there’s growing hope for a Federal Reserve rate cut.

Veteran trader Peter Brandt predicts Bitcoin won’t reach $200,000 until Q3 2029, tempering expectations amid recent price declines and market division.

A solo Bitcoin miner using a small home setup has successfully mined a full block, earning a reward of over €250,000. The rare event highlights the network’s openness, even as large mining firms shift towards AI.

Bitcoin has been falling, but a potential rate cut by the Federal Reserve in December could reverse the trend. Experts see the current situation as bullish for Bitcoin.

Early Bitcoin investor Owen Gunden has sold his entire holdings of 11,000 BTC worth $1.3 billion after 14 years of dormancy, as the crypto market faces significant pressure.

The defunct crypto exchange Mt. Gox transferred 10,600 BTC (€1 billion), sparking concerns of a market dump. However, analysts note the move was internal and the extended repayment timeline suggests a slow, controlled process, limiting immediate market impact.

Despite a significant price drop, Solana’s newly launched spot ETFs are attracting consistent capital inflows, raising questions among investors. This trend contrasts sharply with Bitcoin ETFs, which recently saw significant outflows, while SOL’s price faces resistance around the $140 level.

Market analyst Tom Lee argues the recent crypto market slump is not a typical crash but a liquidity crisis among market makers, triggered by the October 10 sell-off. He warns this downward pressure could persist for several more weeks.

BOB (Build on Bitcoin) is now available on Bitvavo, enabling users to leverage Bitcoin in DeFi through a hybrid blockchain that merges Bitcoin’s security with Ethereum’s flexibility.

Crypto analyst Michaël van de Poppe states the current market crash is more severe than the COVID-19 or FTX crashes based on indicator impact. Despite the extreme fear, he sees it as a prime buying opportunity, advising investors to ‘buy the dip’.