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The total market capitalization retraced to almost $4.2 trillion. The past 24 hours saw Bitcoin attempt to surge past the $124K level but failed and is now attempting to establish a range around $122K. The altcoins experienced more substantial volatility. Zcash (ZEC) posted a double-digit price increase, whereas Aster (ASTER) leads the losers’ team. BTC Calms Down It has been less than three days since the primary cryptocurrency soared to a new all-time high of over $126,000. Since then, however, the bears took charge and prevented another spike to uncharted territory. At one point yesterday (October 8), the bulls…

Bitcoin’s BTC$121,326.27 price swoon is marked by a veteran trader placing a bearish bet worth millions of dollars.A bitcoin “OG” placed a leveraged short of 3,600 BTC, valued at $438 million, on the decentralized exchange Hyperliquid during overnight trading, as BTC’s spot price briefly dipped below $120,000, according to blockchain analyst LookOnChain.The liquidation price for the short trade is $139,900. In other words, this is the level at which the position will encounter a margin shortage and risk being forcibly closed by the exchange.The term “OG” (Original Gangster) refers to an entity involved in the bitcoin market since its early…

Bitcoin (BTC) has traded mostly sideways this week, hovering near $121,300 after a mild 1% weekly rise. On the surface, the Bitcoin price move seems uneventful, but a closer look at key chart structures and investor behavior suggests that the next big breakout might need one more correction before it happens.Some crucial indicators — both on the chart and on-chain — now point to a deeper pullback forming underneath the surface, even as a new long-term target takes shape.Sponsored SponsoredChart Patterns Hint at a Cooling Phase Before the Next Leg UpBitcoin’s current setup is shaping into a classic reversal structure…

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…

Ripple is deepening its presence in the Middle East through a new partnership with Bahrain Fintech Bay (BFB), the kingdom’s leading fintech incubator and blockchain ecosystem builder.The collaboration, announced on Oct. 9, strengthens Ripple’s foothold in a region rapidly becoming a testing ground for digital asset infrastructure.Indeed, Bahrain has long positioned itself as a fintech gateway to the Gulf. In 2019, the country’s central bank was one of the first in the world to issue comprehensive crypto-asset regulations, attracting early pilots from firms like Binance.By joining forces with BFB, Ripple gains access to an innovation hub that connects government regulators,…

Messaging app Telegram founder and CEO Pavel Durov warns that a “dark, dystopian world” is approaching, with governments worldwide rolling back privacy protections.“I’m turning 41, but I don’t feel like celebrating. Our generation is running out of time to save the free internet built for us by our fathers,” said Durov in an X post on Thursday.“Once-free countries are introducing dystopian measures,” said Durov, referencing the European Union’s Chat Control proposal, digital IDs in the UK and new rules requiring online age checks to access social media in Australia.“What was once the promise of the free exchange of information is…

Another Friday is upon us, and that means more Bitcoin and Ether options contracts are expiring as spot markets start to consolidate. Around 39,000 Bitcoin options contracts will expire on Friday, October 10, and they have a notional value of roughly $4.3 billion. This expiry event is a little larger than last week’s, but there is unlikely to be any impact on spot markets, which have been mostly sideways for the past few days. The US government remains in shutdown mode, and the greenback continues to weaken, but crypto markets have largely shrugged this off. Bitcoin Options Expiry This…

AB Token plunged nearly 99% in a matter of minutes on Binance Alpha, then staged a partial bounce that left traders shaken. According to market trackers, the token fell from about $0.0083 to $0.0000051 in roughly two minutes, wiping out almost all of its value at the low point. Trade data shows a rebound afterward, with prices climbing back toward $0.00151, though that still left the token more than 80% lower for the day. Binance Token Sudden Crash Shows Market Fragility Based on reports, the bloodbath unfolded very quickly. Trading volume spiked as roughly 573,000 AB tokens changed hands during…

Financial institutions are quickly waking up to the “debasement trade,” according to commentators, which could be a boon for assets such as gold and Bitcoin. Institutions have a new concept to cling to called the “debasement trade,” which will be the thing that protects them, said entrepreneur Anthony Pompliano in a podcast on Thursday.  It’s the same thing that goldbugs and Bitcoiners have been talking about for years, and now institutions have just realized that “no one is ever going to stop printing money,” he added.“This now feels like there is no longer a debate about this. People realize the dollar and…

Cloud Gaming Market Mordor Intelligence has published a new report on the Cloud Gaming Market, offering a comprehensive analysis of trends, growth drivers, and future projections.Cloud Gaming Market OverviewThe Cloud gaming market [https://www.mordorintelligence.com/industry-reports/cloud-gaming-market?utm_source=abnewswire%20] size is estimated at USD 5.32 billion in 2025 and is forecast to reach USD 39.57 billion by 2030, expanding at a 49.35% CAGR. Cloud Gaming Market share is expanding as more games launch on cloud platforms and telecom operators integrate gaming subscriptions into mobile plans, creating opportunities for casual and avid gamers.Asia-Pacific leads, Middle East and Africa grow fastest Cloud Gaming Market trends show rising cloud…