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Bitcoin (BTC) Price: Falls Below $100K for First Time Since June

Bitcoin (BTC) has fallen below $100,000 for the first time since June, marking a significant decline in the cryptocurrency market. This drop comes amidst a broader market correction and follows a peak of over $126,000 just a month ago on October 6. The price dipped below the $100,000 level earlier this week but saw a brief recovery to $101,300 shortly after. In total, Bitcoin's price has decreased over 20% from its recent high. Analysts have noted that attempts to recover above $110,000 faced immediate sell-offs. Key factors contributing to this downward trend include a hawkish stance from the Federal Reserve regarding interest rates, which has dampened investor sentiment. The situation reflects ongoing volatility in the cryptocurrency market as traders respond to economic signals and evolving market conditions.

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Record $1.26B Outflow Hits BlackRock Bitcoin ETF as Bearish Options Cost Soars

BlackRock's Bitcoin ETF, IBIT, has encountered a monumental net outflow of $1.26 billion in November, marking the most significant withdrawal since its inception in January 2024. This outflow comes amidst a price decline of 16%, bringing the share price down to $52, a level not seen since

Mastercard Picks Polygon to Bring Verified Usernames to Self-Custody Wallets

Mastercard has announced its collaboration with Polygon to introduce a system allowing users to send cryptocurrencies using verified usernames instead of lengthy wallet addresses. This new feature, referred to as the Mastercard Crypto Credential, aims to enhance security and user-friendliness in crypto transactions. By utilizing the services of Mercuryo, a

Bitcoin Dominance is Bleeding With Price, But Market Observers Say Altcoin Season is on Hold

Bitcoin's recent decline in price and dominance rate indicates a broader market deleveraging rather than a straightforward rotation into altcoins. While Bitcoin has dropped nearly 16% this month, its dominance has slipped from 61.4% to 58.9%. Despite speculation about an upcoming 'altcoin season', many

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