You can tell how bad $BTC monthly close is by acknowledging the instant dump for like 5% 😬
This once again confirms the bear market thesis and puts some low support levels into perspective. Generally speaking, $60k - $70k area should be the next consolidation place. I would allow a few wicks below $60k, but not more! Any #major close below the blue zone and this might accidentally teleport to zero 🫠
Don't get too scared though! As I've already said, bear markets provide the best entries for long-term investments! I will definitely be a buyer in the blue zone! #crypto
📊 #BTC Glassnode: A new cost-basis cluster formed after Bitcoin’s drop into the low-$80K region, showing fresh accumulation at these levels. This zone is now one of the densest on the heatmap and could act as a strong support area, likely to be defended by recent buyers. #crypto
🔴 Crypto's Worst Month Since February: Volume Sinks to $1.6T, ETFs Bleed $BTC
#Crypto markets post worst monthly #performance since February with volumes falling to $1.59 trillion and #bitcoin ETFs recording $3.48 billion in outflows. $BTC
#Bitcoin closed November with a significant drop, losing nearly 18% over the month, definitely not the “growth” we were hoping for. #Ethereum fared even worse, falling over 21% in the same period. 💛
#US30 gave no sign of weakness and broke the resistance straight through it. Index is now sitting at the Left Shoulder (Red Box) of the Head and Shoulder Pattern, it could fall. Watching the recovery, we can see a short‑term pullback and a break of the previous ATH. #crypto
Strategy’s decline has been deeper than the loss in the value of its #Bitcoin holdings, widening the relative discount. In previous cycles, when the stock entered the lower band, its price eventually converged back toward its fair-value range as sentiment normalized., By Carmelo_Alemán |
Sony Bank to Issue USD-Pegged Stablecoin Starting Early 2026, Report
Sony Bank, the banking division of #tech giant Sony, is reportedly issuing its US dollar-pegged, GENIUS-regulated stablecoin for US customers as early as fiscal 2026, Nikkei reported Monday. The Group plans to roll out its 1:1 USD-pegged stablecoin for payments and settlement within its gaming and anime business. Until now, Sony customers have paid for subscriptions via credit cards and other means, the report added. Launching a stablecoin would potentially reduce fees paid to credit card issuers. Sony’s Stablecoin Debut and Challenges
Sony took the US markets by surprise in October by filing for an OCC #application to establish a national #crypto bank charter