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Bitcoin trades near $89,000 today after its 14-day relative strength index fell below 30 in mid-November, a threshold traders track for capitulation.A chart circulated by Global Macro Investor’s Julien Bittel, sourced to LSEG Datastream, overlays Bitcoin’s recent path with the average trajectory that followed the last five RSI breaks below 30 and traces a route that ends near $180,000 about 90 days after the oversold print.The $180,000 waypoint is return math. With Bitcoin near $89,000, reaching $180,000 would imply a roughly 105% gain in roughly three months, or about 0.80% compounded daily.The chart isn’t a forecast distribution but an event-study…

In brief Bitcoin briefly hit $90,000 before falling to nearly $85,000, with $155 million in derivatives liquidated. Prediction market odds of BTC reaching $100,000 dropped from 68% to 57% on Myriad. Bitcoin ETFs saw $634 million in outflows this week amid rising unemployment and Japan rate hike fears. A brief Bitcoin rally to $90,000 early Wednesday sure seemed like a nice confirmation of an incoming Santa rally—but then it took a naughty turn to nearly $85,000.Users on Myriad, a prediction market platform owned by Decrypt parent company Dastan, have started losing faith that BTC will see six figures before it falls…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Recent fund flow data across US-listed crypto investment products is revealing a notable divergence in investor behavior, as Ethereum-focused funds continue to shed billions in capital, and XRP-linked products are recording steady inflows that now place them among the strongest performers in the Spot crypto ETF market.  Data from SoSoValue shows that this divergence has persisted for the past month, showing that investors are beginning to favor XRP’s regulated crypto exposure over Ethereum. Ethereum ETFs See Billions Exit In One Month According to SoSoValue data, Ethereum Spot…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure XRP’s price action in recent weeks has been deprived of bullish momentum, and the derivatives market is also sending clear signals that traders are scaling back their exposure to the cryptocurrency.  Data from on-chain analytics platforms like CryptoQuant and Coinglass across leverage and futures activity shows that speculative participation has thinned out considerably, with XRP’s leveraged trade ratio at its lowest point since November 2024. XRP Leverage On Binance Drops To Multi-Year Lows One of the clearest signals of the sentiment among traders comes from CryptoQuant data…

Hyperliquid is learning how quickly sentiment can turn in crypto.According to CryptoSlate data, HYPE, the token that powers the decentralized perpetuals exchange, has dropped to seven-month lows in December after a year in which Hyperliquid looked like the default venue for on-chain leverage. During this period, the platform’s trading volumes have stalled just as newer platforms have surged on the back of incentives and points campaigns. As a result, it looks like a market share story that has flipped against Hyperliquid.However, two new forces are now trying to rewrite that narrative.On Wall Street, Cantor Fitzgerald has stepped in with a…

BitGo, a digital asset infrastructure company, announced it now offers Bitcoin Lightning Network access directly from its qualified custody platform. The move makes it one of the first companies to provide Lightning payments for institutional custody. The service aims to give clients faster and cheaper Bitcoin transactions while keeping institutional security standards intact. It builds on BitGo’s earlier self-custody Lightning solution. The new offering is powered through a partnership with Voltage, a Lightning Network infrastructure provider. Clients can now use Lightning without running their own nodes or managing keys. BitGo and Voltage handle infrastructure, channels, liquidity, and key management. Through…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure   Seasoned Bitcoin Holders Are In Distribution Mode Bitcoin’s price action is shifting, and so is the sentiment of investors, especially the long-term BTC holders. The development carries weight in the market because these holders are often considered the most patient and conviction-driven players in the crypto sector. Following a research of the BTC Long-Term Holder Flow metric, IT Tech, an on-chain analyst and author at CryptoQuant, revealed that these investors are unloading their coins. This time, they are unloading into strength, triggering questions about BTC’s next…

SBI Ripple Asia signed a memorandum of understanding with Doppler Finance to explore XRP-based yield infrastructure and real-world asset tokenization on the XRP Ledger, the firms said Dec. 17.According to information shared with CryptoSlate, firms said they will explore collaboration on yield infrastructure for XRP, which lacks native staking, as well as RWA tokenization flows on XRPL.The companies framed it as SBI Ripple Asia’s first partnership with an XRPL-native protocol.They also appointed SBI Digital Markets as the institutional custodian with segregated custody.Building regulated XRP yield rails for institutional adoptionAccording to the Monetary Authority of Singapore’s Financial Institutions Directory, SBI Digital…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bhutan has pledged up to 10,000 bitcoin — roughly $1 billion — to back the development of Gelephu Mindfulness City, a new special economic zone the crown is promoting as a hub for sustainable industry and jobs. Reports have disclosed the allocation was announced on national day and framed as a long-term commitment to fund the city’s growth rather than a quick selloff of reserves. King Announces Bitcoin Allocation According to King Jigme Khesar Namgyel Wangchuck, the pledge is meant “for our people, our youth, and our…