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The Dogecoin price is trying to recover again. Its price trades near $0.14 after a small pullback, but the mood around the token has shifted over the past 24 hours. The new Dogecoin ETF listing has improved sentiment, the chart has flashed a clean reversal signal, and whales have begun to add again. Still, the strongest resistance sits above a key price level, and breaking it remains the real test.Sponsored SponsoredReversal Setup Forms as Big Holders Add AgainDogecoin triggered a classical reversal structure on the daily chart post the Grayscale ETF launch. Between 4 November and 21 November, the price…

Tokyo-listed Bitcoin treasury company Metaplanet has drawn another $130 million in Bitcoin-backed credit, expanding its use of collateralized borrowing to accelerate BTC purchases, income-generation strategies and potential share buybacks.On Tuesday, Metaplanet disclosed it executed the loan on Friday under a previously announced credit facility. The borrowing forms part of the company’s $500 million credit line, which allows it to raise short-term liquidity using its Bitcoin (BTC) as collateral. With the fresh capital, the company has now drawn $230 million in cumulative loans from the facility, up from the $100 million disclosed for an earlier Oct. 31 credit pull. The company recognized that…

What Happens If Dogecoin Moves Out Of This Massive Wyckoff Accumulation?

Wall Street has finally built a bridge to the internet’s most famous meme coin, but on day one, no one crossed it.On Nov. 24, Grayscale’s Dogecoin ETF (GDOG) began trading on the NYSE Arca without logging a single unit of net creation, a stark signal that the appetite for “meme-beta” in a regulated wrapper may be vastly overestimated.The muted debut comes at a perilous moment for the industry, which is preparing to unleash over 100 similar single-token products into a market currently bleeding nearly $2 billion a week.GDOG’s ‘zero’ inflow debutWhile the ticker appeared active on terminal screens, the underlying…

Bitcoin spot ETFs recorded $151M outflows on November 24. Ethereum’s products saw inflows of $96.67 million. Solana ETFs continue their winning streak with yesterday’s $57 million. The cryptocurrency sector remains weak as bearish sentiments prevail. Indeed, recent price drops, muted trading activities, and worries about short-term recoveries have seen many investors adopt a defensive bias. Exchange-traded funds flow data reflects this uncertainty, with Bitcoin recording massive withdrawals as altcoin products hold steady. Let us find out more. Bitcoin ETFs continue to struggle – Fidelity’s stands out BTC spot ETFs had a rough session on Monday, with net outflows totaling $151…

Despite steep redemptions from Bitcoin and Ethereum ETFs, Solana attracted $369 million of inflows this month as investors increasingly positioned SOL as a yield-generating asset.According to Bohdan Opryshko, co-founder and chief operating officer of Everstake, both institutions and retail holders are “treating Solana as a yield-generating asset rather than a speculative trade.”He told Cointelegraph that Solana’s native staking rewards of 5%–7% have created an appeal that Bitcoin (BTC) ETFs cannot match, and only a limited set of Ethereum products currently offer.Between Nov. 3 and Nov. 24, Bitcoin ETFs saw $3.7 billion in net redemptions, while Ether (ETH) ETFs lost $1.64…

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career…

Bitcoin BTC$84,569.00 sentiment has plunged into extreme pessimism, suggesting a tactical or interim low from which a BTC price bounce is likely, according to analytics firm 10x Research.The firm’s proprietary “Greed & Fear” Index, which measures market sentiment, has crashed to a record low of less than 5 points. Readings below 10% represent extreme fear or pessimism, and above 90% signal green or over-optimism.More importantly, the 21-day simple moving average of the index has slipped to 10%, a level that has consistently marked tactical lows over the years.”Our own 10x Greed & Fear Index has been sitting near its lowest…

On November 19, William “Bill” Hill, 67, co-founder of Bitcoin mixing service Samourai Wallet, was sentenced to four years in prison for operating an unlicensed money transmitting business that processed over $237 million in criminal proceeds, according to journalist Frank Corva.   Hill pleaded guilty in July in the Southern District of New York, admitting that the platform he co-founded was used to conceal illicit funds from activities including drug trafficking, darknet marketplaces, cyber intrusions, fraud, sanctioned jurisdictions, murder-for-hire schemes, and a child pornography website.  His co-founder, Keonne Rodriguez, received a five-year sentence. Prosecutors said Hill and Rodriguez actively promoted Samourai…

US spot Bitcoin exchange-traded funds just posted their busiest trading session ever, even as the recent slide in the cryptocurrency’s price has left the average ETF investor holding losses.The surge in activity marks a new phase in the market’s adjustment to this month’s selloff in the sector.Sponsored SponsoredBlackRock’s IBIT on Top as $238 Million Inflows Return Amid Market StressOn November 21, Bloomberg Senior ETF Analyst Eric Balchunas reported that the 12 spot Bitcoin ETFs recorded $11.5 billion in combined trading volume.US Bitcoin ETFs Record Trading Volume. Source: Eric BalchunasBalchunas described the spike in volume as “wild but normal,” noting that…