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Bitcoin Futures Traders Refuse to Capitulate as BTC Price Drops to $89K

Bitcoin's price recently dipped to $89,000, sparking concern among traders about potential capitulation in the futures market. Despite this drop, metrics from Bitcoin derivatives indicate stability, suggesting that traders may be anticipating a price reversal. The premium on Bitcoin futures has remained near 4%, while perpetual futures funding rates have also been consistent, pointing to caution without panic among investors. Over the past week, significant net outflows from Bitcoin exchange-traded funds (ETFs) totaled over $2.26 billion, adding pressure to market sentiment. Various tech companies have faced declines alongside Bitcoin, reflecting broader economic concerns and contributing to a risk-off approach among investors. Nonetheless, sentiments about Bitcoin's future remain cautious, with expectations of recovery closely tied to improvements in macroeconomic conditions.

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Circle, Bitcoin Treasuries Lead Crypto Stock Losses Amid Bitcoin Losses

Digital asset-focused stocks suffered significant losses on Wednesday as Bitcoin and other major cryptocurrencies continued their downward trend. Circle, the stablecoin issuer, closed at $69.72, marking a nearly 9% decrease after hitting its lowest point since its June debut. The largest crypto treasury, Strategy, saw a decline close to

NASA Insists Interstellar Visitor Is ‘Just a Comet’ as Public Speculation Lingers

NASA officials confirmed that the interstellar object known as 3I Atlas is behaving like a typical comet, despite public speculation suggesting it could be an alien spacecraft. The agency held a press conference, asserting that the data collected showed no indications of anything unusual. The object was first detected on

Nvidia’s Record Q3 Earnings Lifts Crypto, Tech Stocks

Nvidia reported record quarterly revenues of $57 billion for Q3, a 62% increase from the previous year, surpassing Wall Street's expectations of $54.7 billion. Profits rose by 65% to $31.9 billion, and the company provided a strong Q4 guidance of $65 billion, bolstering confidence in the

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