Crypto Daybook Americas: Bitcoin Bargain Hunting Faces Crucial Jobs Report Test

By Omkar Godbole (All times ET unless indicated otherwise) The crypto market has regained some stability, with BTC rising back to nearly $95K as order books signaled the presence of bargain hunters. Late Wednesday, prices tested the long-standing support zone of $90K-$93K, which has successfully halted downward movements at least six times since the second […]

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Sentiment Readings Favor Dogecoin Gains as Cardano’s ADA Leads Market Bump

Weakness in bitcoin (BTC) has deferred to other crypto majors from Solana’s SOL to memecoin dogecoin (DOGE), data suggests current levels could prove ripe for risk-on traders. “Crypto’s top meme coin Dogecoin has been extremely quiet outside of a temporary run-up at the beginning of the year,” analytics firm Santiment wrote in a Thursday report,

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EU’s MiCA Rules Will Likely Boost Euro Denominated Stablecoins, JPMorgan Says

The EU’s MiCA regulations, which came into effect on Dec. 30, will likely boost euro denominated stablecoins, JPMorgan (JPM) said in a research report on Wednesday. “Under MiCA, only compliant stablecoins can be used as trading pairs in regulated markets, prompting EU exchanges to adjust their offerings,” analysts led by Nikolaos Panigirtzoglou wrote. This has

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Bitcoin Data Indicates Ripe Buying Period as BTC Nears $95K

Economic data and general profit-taking may have dented an early bitcoin (BTC) rally, but data tracking investor behavior indicates buying current price levels could benefit those looking for an entry into BTC markets. Onchain data shows bitcoin’s Spent Output Profit Ratio (SOPR) has crept up to 0.987 as of Friday, suggesting that investors who have

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Bitcoin Funding Rates Briefly Went Negative, Usually Marks a Local Bottom: Van Straten

Bitcoin (BTC) has not broken below $90,000 since Nov. 18, and continues to swing between $90,000 and $100,000. The sentiment generally flips bullish when bitcoin approaches $100,000 and investors try to continue the bull market. However, this also works the other way and as bitcoin heads toward $90,000, like on Thursday, investors turn bearish. Bitcoin

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U.S.-Listed Bitcoin Miners Accounted for 25% of Global Network in December: Jefferies

U.S.-listed bitcoin (BTC) miners accounted for 25.3% of the global network in December, Jefferies said in a research report on Thursday. The bank cut its price target for MARA Holdings (MARA) to $20 from $24, while maintaining its hold rating on the stock. The shares rose 0.5% to $18.43 during early trading Friday. Mining profitability

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China’s Central Bank Halts Bond Purchases to Support Yuan, BTC Holds Under $95K

On Friday, China’s central bank took steps to support the yuan, which has been losing ground, with its depreciation being viewed as a potential tailwind for bitcoin (BTC). The People’s Bank of China announced that it will stop purchasing government bonds this month as their demand now overshadows the supply. Experts said the move reflects

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The Bitcoin Iceberg: Buyers Await Beneath The Bearish Surface

The bitcoin (BTC) market resembles an iceberg at the moment, with the surface revealing a dominance of sellers that paints an overtly bearish sentiment. However, at deeper levels beneath the surface, bargain hunters are quietly waiting to snap up coins and potentially put a floor under prices. On the major spot and perpetual futures exchanges,

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Polymarket’s Customer Data Sought by CFTC Subpoena of Coinbase, Source Says

Coinbase Inc. (COIN) is warning customers that a U.S. regulator is demanding information about interactions with prediction market firm Polymarket, according to a person familiar with the situation, and Coinbase has sent messages to customers saying the exchange may have to share that data. Copies of the emails shared with some customers have circulated on

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