US election another ‘buy the rumor, buy the news’ event for BTC: Pantera
The Wall Street adage of “buy the rumor, sell the news” didn’t apply to the launch of US spot Bitcoin ETFs last year, and it won’t apply to President Trump’s inauguration next week.
Global crypto hedge funds have also been buying the dip, signaling a potential Bitcoin “supply shock” as BTC exchange reserves sink to levels last seen in 2018.
Bitcoin exchange reserves near 7-year low as hedge funds buy the dip
Despite a potential supply-shock-driven rally, Bitcoin currently lacks trading volume to recapture the $100,000 resistance, analysts told Cointelegraph.
FTX to begin distributing $1.2B to creditors after Trump inauguration
A significant portion of FTX repayments will likely be reinvested into cryptocurrencies, thanks to the promising growth prospect of the crypto market for 2025, industry insiders told Cointelegraph.
Indian Railways to issue NFT tickets on Polygon for rare festival
Indian Railways has partnered with Chaincode Consulting to issue NFT-based tickets for the MahaKumbh Mela festival, integrating with the Polygon blockchain for scalability.
Bitcoin traders share their ‘PvP’ views on BTC’s recent price weakness
Neutral in the short-term, bullish in the long-term. With that view in mind, pro traders explain that a certain “player versus player” mindset is at play in the crypto market this month.
Mango Markets, a Solana-based DEX, is shutting down operations following an SEC settlement, governance votes and legal troubles stemming from a 2022 exploit.
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