Bitcoin News in India

Bitcoin (BTC) ATMs have started appearing in high-profile shopping malls around the country’s capital, just days after Kenya’s first formal crypto regulation came into effect. Raising red flags for regulators and setting off a debate on agreement in the nascent legal framework. New ATMs Hit Mainstream Retail Spaces Reports say that “Bankless Bitcoin” kiosks have […]

Bitcoin ETFs are closing in on three billion dollars in November. BlackRock logs record withdrawals and traders increase short exposure.   November delivered severe pressure on Bitcoin ETFs. Outflows continued to accelerate as investors pulled almost $3 billion from these products.  Many traders expected strength during this period, yet the data moved in the opposite […] The post BTC News: Bitcoin ETFs Have Bled $3 Billion So Far In November As BlackRock Leads appeared first on Live Bitcoin News.

The post Bitcoin Whale Owen Gunden Deposits 2,499 BTC into Kraken Worth $228 Million as He Sells Over 11,000 BTC in the Past Month appeared on BitcoinEthereumNews.com. As of November 20, COINOTAG News, citing LookIntoChain monitoring, reported that a high-profile BTC holder tied to the Solana ecosystem moved 2,499 BTC into Kraken, a stake valued at roughly $228 million at current prices. According to the same briefing, Owen Gunden has disposed of more than 11,000 BTC over the prior 30 days, indicating sustained liquidity adjustments by the participant. The move to a major exchange venue may reflect tactical rebalancing or liquidity management rather than immediate price impact. Market watchers will monitor whether this pattern persists and how it factors into near-term liquidity on Bitcoin markets and exchange custody flows. Source: https://en.coinotag.com/breakingnews/bitcoin-whale-owen-gunden-deposits-2499-btc-into-kraken-worth-228-million-as-he-sells-over-11000-btc-in-the-past-month

Bitcoin (BTC) and major coins such as Ethereum (ETH) and Ripple (XRP) resumed their downtrend during the week as small-scale investors flocked to sell. However, some on-chain indicators are now showing that such substantial sales by retail participants have tended to happen before market rebounds in many instances in the past. Retail Selling Signals Possible […]

The post Bitcoin recovery on edge amid Fed rate cut uncertainty & ‘liquidity squeeze’ appeared on BitcoinEthereumNews.com. Key Takeaways  Will BTC recover this week?  It depends on the Jobs report. A weak report could improve the odds of a Fed rate cut, sentiment, and trigger a relief rally. But a strong labor could deepen the sell-off.  What’s the analysts’ outlook on the same?  Swissblock believes BTC could stabilize, while QCP Capital and Nansen analysts warned of a potential dip to $80k.  Bitcoin [BTC] consolidated recent losses above $90k, after briefly slipping to $89.2k on the 18th of November, ahead of the September Jobs report scheduled for the 20th of November.  This will be the most crucial macro print of the week, having been delayed due to the U.S. government shutdown. It will influence expectations for a Fed rate cut and, by extension, the market sentiment in risk assets. At the time of writing, the market was pricing a nearly 50/50 scenario, either for a cautious rate pause or a 25 bps cut.  Source: CME FedWatch Tool The upcoming data release on the 20th of November will provide key insights into labor market conditions and help shape expectations for the Federal Reserve’s decision at the December meeting. For Singapore-based crypto trading firm, QCP Capital, the Jobs report will determine whether the market rebounds or accelerates the current sell-off.  “Overall, conditions look more late-cycle than recessionary, but with fiscal constraints, uneven consumption, and liquidity thinning, the coming data will decide if $BTC’s drop is a shakeout or the start of a broader risk-off phase.” Is BTC’s drop below $90k inevitable? As mentioned by QCP Capital analysts, U.S. dollar liquidity has also thinned out since late October, a stance reiterated by Arthur Hayes, founder of BitMEX.  Collectively, the deleveraging event on the 10th of October, the macro uncertainty, and the ‘liquidity squeeze’ have compounded market rout across risk assets, including…

The post New Hampshire Debuts Bitcoin-Backed Municipal Bond with 160% Collateral for Institutional Exposure appeared on BitcoinEthereumNews.com. New Hampshire has launched the first Bitcoin-backed municipal bond, a $100 million structure using BTC as 160% collateral under HB 302. This regulated product offers institutions compliant exposure to cryptocurrency through a municipal finance framework, potentially opening doors for digital assets in public debt markets. New Hampshire approves $100M Bitcoin-backed municipal bond under HB 302, […] Source: https://en.coinotag.com/new-hampshire-debuts-bitcoin-backed-municipal-bond-with-160-collateral-for-institutional-exposure

The post Whales Are Quite Active During the Major Bitcoin and Altcoin Drop: Here Are Their Transactions appeared on BitcoinEthereumNews.com. While the Bitcoin (BTC) price has fallen below $89,000 after a prolonged period, on-chain data suggests that large whale activity has accelerated again. The massive transactions carried out consecutively by corporates and high-volume investors attracted attention during hours of sharp market volatility. BlackRock, one of the largest institutional investors in the market, has invested a total of 6,735 BTC ($616.09 million) and 64,706 ETH ($199.73 million) in Coinbase. Analysts say the company may be preparing for additional transfers. Meanwhile, an individual mega whale activity also gained momentum. A whale wallet deposited 4.87 million USDC to the HyperLiquid exchange and opened a 20x leveraged ETH long position in two separate wallets. The same whale spent 387,861 USDC to purchase 10,043 HYPE tokens at $38.60, all of which he then staked. Similarly, another large investor used 3 million USDC to raise 16,991 AAVE at $177. The whale reportedly still holds 5.79 million USDC and may make additional purchases. A newly created wallet withdrew 2,500 ETH ($7.59 million) from Binance, supporting the view that large buyers see the dip as an opportunity. Another whale also purchased 14.56 million ENA ($4.06 million) on Binance and Wintermute, bringing his total purchases to 17.56 million ENA in the past month. This entire position was staked, but the whale currently appears to be facing a loss of approximately $522,000. Another noteworthy development came from Bitmine, a startup backed by Fundstrat founder Tom Lee. Despite the decline in ETH prices, Bitmine reportedly continued to make purchases. 24,827 ETH ($72.52 million) was sent from BitGo to the newly created address 0x748d, suggesting this wallet may be linked to Bitmine. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/whales-are-quite-active-during-the-major-bitcoin-and-altcoin-drop-here-are-their-transactions/

Leading cryptocurrencies failed to capitalize on the recent spike, even as stock futures lifted after Nvidia Corp. (NASDAQ:NVDA) reported stronger-than-expected third-quartread more