Bitcoin

Malaysia, a significant player in Bitcoin mining, has suffered over €970 million in losses from electricity theft by illegal crypto mining operations since 2020. Authorities are cracking down, deploying smart meters and collaborating with utility firms to combat the issue, which has led to arrests and equipment seizures.

Firas Isa and his company Crypto Dispensers have been charged with laundering at least €9 million through cryptocurrency ATMs, highlighting regulatory concerns over crypto infrastructure vulnerabilities.

Economist Peter Schiff warns that Bitcoin is transitioning from strong hands to weak hands as early adopters cash out, potentially leading to larger future sell-offs.

Bitcoin faces resistance at key levels while Dogecoin launches its first ETF. Ethereum and XRP show gains, and we highlight the top gainers and losers in the top 100.

Crypto investment funds saw a massive outflow of $1.9 billion last week, marking one of the worst periods for capital flight since 2018. The exodus, led by Bitcoin and Ethereum funds, coincides with a sharp decline in Bitcoin’s price, which has fallen nearly 30% from its all-time high.

China has quietly become the third-largest bitcoin mining nation, driven by cheap energy, new data centers, and a softer government stance, despite a downturn in mining profitability.

Bitcoin rallied over the weekend after a steep drop, but a CME gap suggests a potential short-term dip. Altcoins also posted gains.

Bitcoin’s price has recovered towards $87,000, but a sharp drop in open interest and fragile market structure suggest underlying weakness. Analysts warn of potential further volatility.

The probability of a U.S. Federal Reserve rate cut in December has jumped to 79%, driven by a cooling labor market. This shift towards ’easier money’ is boosting risk assets, with Bitcoin trading higher alongside stocks and gold.

Technical analysts are warning that Bitcoin may be entering a new crisis phase, with bearish signals like the death cross pattern and increasing loss-taking by investors.