Bitcoin News in Nigeria

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/

The post Q3 2025 Crypto Lending Surges Amid Record Liquidations appeared on BitcoinEthereumNews.com. Key Points: Crypto lending surged by $20.46 billion in Q3 2025. DeFi lending increased by $14.52 billion. Largest single-day liquidation event reached $17 billion. Crypto lending surged by 38.5% in Q3 2025, reaching a record $73.59 billion, reported by Galaxy, while a market crash on October 10 forced $17 billion in liquidations. This record surge in crypto leverage and resulting liquidations highlight vulnerabilities in the market, significantly impacting investors and reflecting broader trends within the cryptocurrency ecosystem. Q3 Lending Peaks at $73.59 Billion Amid Market Turmoil Crypto lending surged by $20.46 billion in Q3 2025, reaching $73.59 billion. This increase was partly driven by heightened DeFi lending, which grew by $14.52 billion to $40.99 billion. Futures open interest, a measure of market leverage, saw significant growth, peaking at $220.37 billion by early October. However, a drastic market crash on October 10 led to the liquidation of over $17 billion in futures positions, marking the largest single-day liquidation event. Binance, Bybit, and Hyperliquid were prominent players in these liquidations. Market reactions were swift, with many exchanges dealing with unprecedented volumes. Despite the magnitude, there have been no official responses from industry leaders or regulatory bodies. Richard Teng, CEO, Binance, – “The record liquidations on October 10 reflect the volatile nature of crypto derivatives, but they also signal a critical juncture for risk management in trading.” Richard Teng, CEO, Binance, – “The record liquidations on October 10 reflect the volatile nature of crypto derivatives, but they also signal a critical juncture for risk management in trading.” Bitcoin Dips 18% as October Liquidations Set New Record Did you know? The $17 billion liquidation on October 10, 2025, surpassed the previous record of $10 billion set in May 2021. Bitcoin (BTC) currently trades at $92,599.74, with a market cap of $1.85 trillion and dominates…

The post Bitcoin Miners Turn to Accumulation as Prices Dip, Potentially Signaling Reduced Selling Pressure appeared on BitcoinEthereumNews.com. Bitcoin miners have shifted from net selling to net accumulation in late November 2025, adding 777 BTC over the past seven days amid a 30% price drop from October peaks. This change indicates that forced selling pressures may have eased, potentially signaling market stabilization as miner outflows dry up. Bitcoin miners net position turned positive […] Source: https://en.coinotag.com/bitcoin-miners-turn-to-accumulation-as-prices-dip-potentially-signaling-reduced-selling-pressure

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

BitcoinWorld Shocking Bitcoin Investor Move: $228 Million BTC Deposit to Kraken Sparks Market Speculation In a stunning development that’s shaking the cryptocurrency world, early Bitcoin investor Owen Gunden has made a monumental move that’s capturing global attention. Just hours ago, this pioneering Bitcoin investor transferred his entire remaining holdings of 2,499 BTC to the Kraken exchange, a transaction valued at an astonishing $228 million. This massive transfer from a […] This post Shocking Bitcoin Investor Move: $228 Million BTC Deposit to Kraken Sparks Market Speculation first appeared on BitcoinWorld.

PANews reported on November 20 that, according to Onchain Lens monitoring, Owen Gunden deposited his last 2,499 bitcoins (approximately $228 million) into the Kraken exchange two hours ago.

The post ‘Never Back Down’: Strategy’s Saylor Reacts to 30% Bitcoin Price Plunge appeared on BitcoinEthereumNews.com. As the cryptocurrency market braces for the Nvidia earnings report, which will be published after today’s trading session in the U.S. closes, investors are looking to gauge risk appetite and understand what’s next. In this context, one of the most vocal Bitcoin supporters, Michael Saylor, revealed his stance which, to be honest, is not surprising.  In his latest post, the Strategy chairman, whose company now holds 649,870 BTC worth about $60 billion, urged the public to “never back down.” In his usual manner, he accompanied the caption with an AI-generated picture of himself.  For the crypto audience, such a “war cry” from Saylor is nothing new and has already become a sort of meme in the community.  However, context matters. Since early October, the price of Bitcoin has fallen by as much as 30%, dipping below $90,000. This decline has cost Saylor and Strategy around $20 billion. The pressure on the company is as intense as ever.  Although Strategy still commands a 23.17% profit with its Bitcoin holdings, the rhetoric of skeptics like Peter Schiff becomes more brutal and severe with every dip in the BTC price.  Strategy can hold 80% Bitcoin pullback, says Saylor For now, though, Michael Saylor seems unbothered and calm. He recently said that he and his company could withstand an 80%-90% drawdown in their Bitcoin holdings and still function.  You Might Also Like As he puts his money where his mouth is, Michael Saylor disclosed this week that Strategy made a BTC purchase worth $835 million — the largest since early September. The market was still unimpressed, but those following the Saylor-Strategy Bitcoin saga see the obvious signal: the businessman is not going to back down anytime soon. Source: https://u.today/never-back-down-strategys-saylor-reacts-to-30-bitcoin-price-plunge