Bitcoin News in Nigeria

The post Crypto Market Slips Into Extreme Fear as Bitcoin Price Consolidation Begins appeared on BitcoinEthereumNews.com. The crypto market has entered extreme fear as Bitcoin (BTC) USD trades at $96,297.25. Analysts note a 5.29% decline over the past week and an 11.37% drop in one month. Notably, investors are cautious as volatility rises, risk appetite drops, and sentiment in memecoins weakens. BTC USD Fear and Crypto Market Caution It is worth mentioning that the largest digital asset Bitcoin falls, fueling a drop in the Fear and Greed Index. This index has hit 10, signaling extreme fear among traders. The current price of $96,297.25 shows a decline of 0.61% in the last 24 hours and 11.37% in the past month. Over the year, Bitcoin has still gained 9.24%, indicating a mixed performance. Furthermore, crypto market data shows that Bitcoin’s Relative Strength Index (RSI) is pegged at 31.33, nearing oversold conditions. This could attract investors who prefer to take positions when prices are lower. Traders note that overall risk appetite has dropped significantly. In a separate development, Ted Pillows, a crypto analyst, commented that risk appetite dropped a lot lately, reflecting a cautious mood in the market. In his post, the decline in memecoins has been particularly notable. Ted Pillow also observed that beyond BTC USD, memecoins have been the worst-performing sector in the fourth quarter. Comparisons with last year show how quickly sentiment can change, as some sectors that were strong previously now face losses. Extreme Fear May Present Opportunities A recent post on social media provided a fresh perspective that extreme fear in the market does not always mean a crash is imminent. In his post, Shanaka Anslem Perera, a market commentator, pointed out that markets tend to fall when investors are too confident, not when they are fearful. He noted that historically, major market bottoms often occur when fear is high. Examples include the 2008…

The post Fed’s Rate Decision Sparks Crypto Market Speculation appeared on BitcoinEthereumNews.com. Key Points: Fed’s rate cut probability hints at market shifts. 44.4% chance of rate cut in December. Crypto assets may gain from expected dovish policies. According to CME FedWatch data on November 16, 2025, the probability of a Federal Reserve rate cut in December is 44.4%, with a 55.6% chance of no change. Market reactions suggest increased demand for BTC and ETH as speculators expect a liquidity boost from potential Fed dovishness. Fed Rate Cut Odds: A 44.4% December Probability Current data highlights the Federal Reserve’s position on interest rates. As of mid-November, there is a 44.4% probability of a December rate cut, with a 55.6% chance rates remain unchanged. Key Federal Reserve figures, including Chair Jerome Powell, have indicated that such a move is not certain, noting potential internal disagreements. A rate cut could potentially invigorate risk assets within the cryptocurrency market, allowing BTC and ETH to continue benefiting from expanded liquidity. Current trends show an increased interest in digital assets, as low-interest environments generally make cryptocurrencies more attractive due to reduced yields on traditional assets. High-profile personalities in the cryptocurrency field, such as Arthur Hayes and Raoul Pal, have publicly expressed that a rate cut might lead to notable growth in Bitcoin and Ethereum. Market participants continue to watch the Federal Reserve closely for any clues on upcoming monetary policy decisions. Crypto Market’s Potential Boost from Fed Policy Moves Did you know? In 2020, previous rate cuts by the Fed led to substantial rallies in Bitcoin and Ethereum, showcasing the potential impact of fiscal policy shifts on crypto assets. According to CoinMarketCap, Bitcoin (BTC) is currently priced at $95,280.99, with a market cap of approximately $1.90 trillion. Despite recent fluctuations, including a 0.36% increase over 24 hours, BTC’s value has decreased by 18.76% over the past 90 days.…

The post Bitcoin Miners Approaching Breakeven Point Amid Price Drop appeared on BitcoinEthereumNews.com. Following Bitcoin’s plunge below the $100,000 level, miners are finding it much more difficult to make money.  With electricity costing $0.06 per kWh, even those miners who use efficient mining machines (27.5 watts per terahash) are barely breaking even at around $97,000 per Bitcoin. Machines that are less efficient or have higher electricity costs are already be losing money.  Which miners are still profitable?  The data provided by F2Pool shows a dramatic difference in profitability based on a miner’s efficiency. The most efficient hardware, such as the Antminer S21 XP Hyd. (12.0 W/T), has an electricity cost rate of only 43% of the current BTC price. This means it only needs Bitcoin to be at $41,585 to break even on electricity. This elite tier of hardware remains highly profitable at the current price level. The other high-efficiency S21 models are close behind: all of them would manage to remain profitable with the Bitcoin price under $60,000.    In stark contrast, many older and less efficient machines are currently unprofitable.  For example, the Whatsminer M53 needs the price to be $100,694, and the Antminer S19 requires $118,641. The least efficient hardware on the list, the CopyMiner C7, needs an unsustainable price of $130,909 just to cover its electricity. Bitcoin is currently changing hands at $95,290 following an enormous price plunge.  Source: https://u.today/bitcoin-miners-approaching-breakeven-point-amid-price-drop

The post American Fast Food Chain Steak ‘n Shake Is Coming to El Salvador appeared on BitcoinEthereumNews.com. Steak ‘n Shake, a fast food restaurant company in the United States that accepts Bitcoin (BTC), announced on Saturday that it is expanding into El Salvador. “We were honored to be in Bitcoin Country,” the company said in an X post following Steak ‘n Shake’s participation in the country’s Bitcoin Histórico event on Wednesday and Thursday. Steak ‘n Shake started accepting BTC for payment at its stores in May, and the company’s chief operations officer, Dan Edwards, told Cointelegraph that the goal is to have BTC accepted at all of the company’s locations worldwide. Source: Steak ‘n Shake The company attributed a nearly 11% rise in same-store sales in Q2 to its decision to start accepting BTC at its restaurants. The company has become iconic in the Bitcoin community and highlights the growing number of merchants accepting BTC for goods and services. Acceptance of BTC as tender for small, everyday purchases is also a precursor to mass adoption. Related: Steak ‘n Shake Bitcoin reserve: Happy meal for hodlers or nothingburger? Steak ‘n Shake backtracks on accepting Ether as a payment method and celebrates Q3 sales Steak ‘n Shake polled its followers on the X social media platform in October, asking whether it should accept Ether (ETH) as payment at its locations. 53% of the 48,815 followers polled voted in favor of the proposal, sparking significant backlash from the Bitcoin community. “ETH is centralized garbage. Bitcoin is freedom. Doing this would lose you all your Bitcoiner business, including mine,” Bitcoin maximalist Ron Sovereignty Swanson said in response. Although initially promising to “abide by the results” of the social media poll, Steak ‘n Shake backtracked on the proposal to accept ETH. “Poll suspended. Our allegiance is with Bitcoiners. You have spoken. Who even allowed this? I’m back at my desk,” the company…

The post With BTC Correlation at –0.01, Is Litecoin Price set for $125? appeared on BitcoinEthereumNews.com. The Litecoin price continues to move with notable stability while the broader market struggles to find direction. Several U.S.-based assets dropped sharply this month, yet LTC price held key support zones with surprising consistency. This contrast highlights how Litecoin behaves differently during uncertain market phases.  Meanwhile, many traders still wait for stronger signals from larger assets before entering new positions. Litecoin now forms clean structures that hint at a possible shift that deserves deeper review. Reversal Structure Reinforces Litecoin Price Strength The Litecoin price sits inside a clear reversal pattern that now attracts stronger interest after several weeks of hesitation. At the time of press, Litecoin value trades at $102.48 after climbing from the deep correction near $92.  The inverse head and shoulder formation is unique since every component was created with accuracy throughout the four-hour chart. The left shoulder was developed around the lows in late-October and the head was developed as the buyers defended the area at $82. The right shoulder subsequently took shape around the $94 mark indicating a more pronounced response that favors the changing trend.  Notably, Litecoin price reclaimed the neckline at $102.38, which now forms a strong defensive zone. Meanwhile, buyers watch the $110.32 level because a clean break unlocks the measured target near $125. This increased target becomes credible because more and more lower levels are being built under this construction. LTC/USDT 4-Hour Chart (Source: TradingView) Improving Trend Signals a Stronger Litecoin Outlook The price responses were directed by the regression trend channel on the daily chart, which had to go through some weeks of downward pressure. However, Litecoin price now presses toward the channel’s midline after a clean rebound from the lower boundary.  Besides, the Directional Movement Index (DMI) strengthens this shift because it evaluates trend strength through its three components. Notably,…

Bitcoin just slipped under $95,000 after hitting new highs above $123,000, roughly a 20% to 25% drop. Longs are getting […] The post Bitcoin Price Prediction: BTC Drops to $95K as Altseason Heats Up with DeepSnitch, ICP, and Ethena appeared first on Coindoo.

The post Harvard University Triples Its Bitcoin Exposure Amid Market Turmoil, Signaling Long-Term Institutional Confidence ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Harvard, one of the most prestigious universities in the world, has significantly ramped up its indirect Bitcoin exposure, sharply boosting its position in BlackRock’s spot BTC exchange-traded fund (ETF). While the allocation remains small relative to Harvard’s $56.9 billion academic endowment fund, it signals a longer-term investment strategy by traditional investors of spot Bitcoin ETFs. BlackRock’s iShares BTC ETF Is Now Harvard’s Biggest Public Investment  According to a Form 13F filed with the U.S. Securities and Exchange Commission (SEC), Harvard Management Company, which oversees the university’s $50 billion endowment, held 6.8 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) as of September 30. The stake is worth around $442.8 million, up from $326 million from the 1,906,000 shares reported on June 30. The Ivy League university’s allocation of IBIT shares ranked as its largest investment, placing it just ahead of its investment in Google’s parent company, Alphabet, Amazon, travel technology company Booking Holdings, and Meta. IBIT, one of the most successfully launched exchange-traded funds in history, is a spot Bitcoin ETF that allows investors to gain exposure to the premier crypto without directly holding it. Advertisement &nbsp Harvard joins an increasing number of universities adding regulated BTC products to their portfolios. Others include Brown University, which holds $13.8 million in IBIT shares. The disclosure comes as spot Bitcoin funds witnessed massive outflows this week. The 11 spot Bitcoin ETFs bled roughly $869 million on Thursday, the second-largest single-day tally since the SEC greenlighted their Wall Street debut in 2024.  Despite a painful week for Bitcoin, which kicked off the week at over $107,000 before slumping below $95,000 on Friday, the university endowment disclosures signal growing institutional comfort with the asset class. Source: https://zycrypto.com/harvard-university-triples-its-bitcoin-exposure-amid-market-turmoil-signaling-long-term-institutional-confidence/

Harvard has significantly ramped up its indirect Bitcoin exposure, sharply boosting its position in BlackRock’s spot BTC ETF.