Bitcoin

Nasdaq is proposing to quadruple the daily options contract limit for BlackRock’s iShares Bitcoin Trust (IBIT) to one million, a level currently reserved for major stocks like Apple and Nvidia. The move is driven by massive trading volume and growing institutional demand, signaling Bitcoin’s maturation as a mainstream financial asset.

After weeks of declines, the crypto market rebounds with nearly all top 10 coins posting double-digit gains. Bitcoin rises 10% this week to $92,500, Ethereum gains 12% to $3,082, and XRP leads with a 17% weekly increase.

An analyst is drawing parallels between Bitcoin’s current price action and a 45% rally in late 2015. However, critics warn that market conditions have fundamentally changed in the past decade, making the comparison potentially misleading.

Bitcoin has reclaimed the $90,000 level, but underlying on-chain and futures market data suggest the recovery lacks conviction. Weak buying interest, underwater short-term holders, and declining open interest indicate the market may be poised for another downturn.

Bitcoin is trapped in a narrow range after a strong rally, facing a sell wall at $92,000. The broader market is also fading, with significant losses for Solana, Cardano, and other altcoins.

Bitcoin’s price is stuck in a tightening range after hitting $92,000, facing strong selling pressure. With US markets returning from a short holiday, the broader crypto market is also seeing minor losses, with altcoins like Solana and Cardano leading the decline.

Bitcoin is down nearly 17% in November, potentially marking the worst November since 2018, but market sentiment shows signs of recovery with the Fear & Greed Index improving.

Didi Taihuttu of the Bitcoin Family clarifies that he hasn’t sold all his bitcoins, explaining his strategy of separating holdings into a long-term hodl stack and an active trading stack.

The recent market crash is not a crypto-specific crisis but a macroeconomic shock, driven by factors like Japan’s interest rates. This capitulation event could signal the start of the next bull run.

Despite a recent price recovery, a technical analyst warns that Bitcoin may be setting a bull trap. A head-and-shoulders pattern suggests a potential drop to the $40,000-$48,000 range, urging caution against FOMO-driven longs.