Tuesday, November 28, 2023
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Bitcoin ‘short squeeze’ sends BTC price to $35.9K as OI stays elevated

Bitcoin (BTC) saw classic BTC price volatility into the Nov. 7 daily close as a “short squeeze” took the market near $36,000.BTC/USD 1-hour chart. Source: TradingViewBitcoin hits "key" short squeeze priceData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it reacted amid highly elevated open interest (OI) on exchanges.Previously,

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Pro-crypto lawmaker stays interim US House Speaker as frontrunner loses first round of voting

North Carolina Representative Patrick McHenry, chair of the United States House Financial Services Committee and crypto proponent in Congress, is still temporarily in the third most powerful role in government after one of his Republican colleagues failed to secure enough votes.In a vote conducted with members of the U.S. House

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Genesis sues parent company DCG, other affiliate for $600M loans, then stays action

Bankrupt cryptocurrency lender Genesis Global Capital (GGC) filed two suits on Sept. 6 seeking the repayment of overdue loans from affiliated companies. The loans are worth over $600 million in total. GGC filed the complaints against Digital Currency Group (DCG) and DCG International Investments (DCIG) in the Southern District of New

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Tether CTO stays silent on Bitcoin mining locations

Paolo Ardoino, chief technology officer of stablecoin issuer Tether (USDT), recently found himself addressing rumors about images of large industrial containers online. These speculations led him to rejecting questions about where Tether is mining Bitcoin (BTC). On Aug. 26, in a post published on X (formerly known as Twitter), Ardoino shed light on the curiosity

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Bitcoin price can go ‘full bull’ next month if 200-week trendline stays

Bitcoin (BTC) is preparing a “full bull” BTC price phase in classic style, market cyclist Cole Garner believes.In social media analysis on Aug. 6, the popular on-chain analyst said that major upside awaits both Bitcoin and the broader crypto market.Bitcoin "bull market's backbone" strengtheningBTC price action continues to stagnate, but

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Bitcoin stays flat at $26K after PPL data as markets await Fed’s Powell

Bitcoin (BTC) stuck to $26,000 on June 14 as fresh United States macroeconomic data prints failed to move cryptocurrency markets.BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewPPI offers Bitcoin bulls little fuelData from Cointelegraph Markets Pro and TradingView showed BTC/USD staying stubborn as Producer Price Index (PPI) data showed U.S.

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