After a bullish surge on the back of thin trading volumes as the US celebrated Thanksgiving last week, Bitcoin’s price is crashing back down to Earth. The world’s biggest cryptocurrency has plunged by close to 5% over the past 24 hours — dragging it back below $90,000. As usual, altcoins are bearing the brunt of these selloffs with the likes of Ether, XRP and Solana all down 6%. Bitcoin (BTC)24h7d30d1yAll time It’s often difficult to pinpoint the exact reason behind a sudden pullback like this — but th ...

Core Insights - Polymarket's founder and CEO, Shayne Coplan, claims the platform is "the most accurate thing" in mankind for predicting outcomes [1][5] - The platform is designed to provide answers to questions of interest rather than simply acting as a poll [2][4] - Users can gain or lose money based on their predictions, which generates valuable information [4] Platform Functionality - Polymarket differentiates between the percentage of votes for a candidate and the likelihood of winning, emphasizing the platform's focus on what people genuinely want to know [3] - The platform aims to offer superior information compared to unregulated sources on the internet [4] Market Developments - Polymarket received approval from the Commodity Futures Trading Commission for intermediated trading in the U.S., marking a significant milestone [7] - The company secured a $2 billion investment from Intercontinental Exchange Inc., with ongoing discussions for additional funding at a valuation of $12–15 billion [7] Ethical Considerations - Coplan acknowledged the potential for insider trading and stressed the need for clear guidelines to maintain ethical standards on the platform [5] - The controversy surrounding contracts related to Los Angeles wildfires was recognized as a "sensitive" topic by Coplan [6]

Core Viewpoint - The cryptocurrency market is facing renewed selling pressure due to macroeconomic headwinds and negative industry news, leading to significant declines in major cryptocurrencies like Bitcoin and Ethereum [1][3]. Macroeconomic Factors - The primary concern for the market is the tightening of global liquidity, with indications from the Bank of Japan about potential interest rate hikes, causing Japanese two-year government bond yields to exceed 1% for the first time since 2008 [4]. - The shift in macroeconomic conditions is expected to lead to a repricing of global risk assets, with Bitcoin being particularly affected due to its high beta value [4]. - Upcoming key economic data from the U.S. may provide insights into the Federal Reserve's interest rate path, adding to the uncertainty surrounding global interest rates [4]. Industry-Specific Challenges - The cryptocurrency industry is facing a series of negative developments that are eroding investor confidence, including comments from the CEO of Strategy Inc. about potentially selling Bitcoin if the company's mNAV ratio falls below zero [5]. - The largest stablecoin, USDT, has also come under scrutiny, with S&P Global Ratings downgrading its stability assessment, raising concerns about potential collateral shortfalls due to declining Bitcoin values [5]. - A series of bearish developments over the weekend has further pressured the cryptocurrency market [5]. Market Dynamics and Leverage - The severity of the recent downturn is closely linked to the market's leverage structure, where macro-driven declines have triggered stop-loss orders and forced liquidations of long positions in perpetual contracts [6]. - The forced liquidation of leveraged positions during low liquidity periods has led to sharp declines in prices, creating a cycle of further selling pressure [6]. Bitcoin's Market Behavior - Bitcoin is increasingly behaving like a macro asset sensitive to interest rate expectations and global liquidity, rather than an independent "digital gold" [7]. - As long as the prevailing market narrative suggests rising yields and more attractive returns on safe assets, Bitcoin will continue to face headwinds and be traded as a high-risk asset [7].

Sen. Elizabeth Warren (D-Mass.) on Sunday called President Donald Trump’s tenure the “most corrupt” in America’s history, criticizing his involvement in cryptocurrency ventures, meetings with leading industry figures, and other decisions.Warren Slams Trump’s PoliciesIn an X post, Warren expressed her concerns about some of Trump’s actions since taking office in January. The lawmaker criticized Trump’s involvement with his memecoin Official Trump (CRYPTO: TRUMP) , the “multi-million dinners” with CEOs, his d ...

Core Insights - The article emphasizes the importance of understanding macro trends and their influence on asset prices and investor behavior, particularly in the context of equity analysis and research [1]. Group 1: Professional Background - The expert has over 10 years of experience in asset management, focusing on equity analysis, macroeconomics, and risk-managed portfolio construction [1]. - The professional background includes advising on and implementing multi-asset strategies, with a strong emphasis on equities and derivatives [1]. Group 2: Investment Philosophy - The goal of sharing insights is to make investing accessible, inspiring, and empowering for fellow investors [1]. - The expert encourages building confidence in long-term investing through shared knowledge and collaboration [1]. Group 3: Market Analysis Focus - The analysis includes close monitoring of EU and US central bank policies, sector rotation, and sentiment dynamics to construct actionable investment strategies [1]. - The expert has navigated various market conditions over the past decade, indicating a robust understanding of market dynamics [1].

Core Insights - The Bank of England has proposed new rules for stablecoin issuers, allowing them to invest up to 60% of their backing assets in short-term government debt, a significant change from previous regulations [2][4] - The updated proposal aims to facilitate the adoption of stablecoins in the UK, addressing prior criticisms from the crypto industry regarding the viability of stablecoin business models [3][5] - The Bank of England has set temporary caps on stablecoin holdings, limiting individuals to £20,000 ($26,000) and businesses to £10 million, with potential exemptions for larger entities [5][6] Regulatory Changes - The central bank's new rules allow stablecoin issuers to invest a portion of their assets in government debt, providing opportunities for revenue generation [2][4] - The previous requirement for issuers to keep all assets in non-interest-bearing accounts was criticized for hindering stablecoin adoption [3] Market Implications - Stablecoins are essential for the crypto market, enabling seamless transactions between volatile cryptocurrencies and stable digital currencies [7] - The establishment of federal rules in the U.S. earlier this year has positively influenced the stablecoin sector, highlighting the importance of regulatory clarity [7]

Core Insights - Grayscale's XRP Trust (GXRP) launched on the NYSE on November 24, indicating a significant development for XRP's integration into traditional finance [1] Company Summary - The introduction of Grayscale's XRP Trust represents a pivotal moment for XRP, potentially enhancing its legitimacy and acceptance within the financial sector [1]

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The gap between how crypto and traditional finance generate yield has grown so massive that it represents one of the most compelling investment opportunities in digital assets—yet the infrastructure to support it safely is only now catching up. Yield-bearing assets in crypto have reached approximately $300 billion to $400 billion in market capitalization, but that figure represents just 8% to 11% of the to ...

Bitcoin digital asset treasury (DAT) companies have been making headlines in recent weeks, and often for the wrong reasons. A sharp decline in crypto markets and over 40% slump (as of Nov. 27) in the share price of the world's largest corporate holder of bitcoin, Strategy (MSTR), this year, has led some to question the sustainability of these companies. Strategy’s steep underperformance relative to bitcoin (down about 2% this year) in recent months may be due to looming index-inclusion risk rather than c ...

Core Insights - Bitcoin (BTC) has rebounded above $90,000, showing signs of improved sentiment and US capital flows [1] - The Coinbase Bitcoin Premium Index (CBPI) has turned positive for the first time since October 30, indicating a premium for Bitcoin on the US exchange [2] - US investors are buying Bitcoin more than global investors for the first time in a month, suggesting increased institutional interest [3] Market Dynamics - The CBPI indicates that rising institutional accumulation in the US could positively impact Bitcoin and the broader crypto market [3] - Notable figures, including Binance founder Changpeng Zhao and Robert Kiyosaki, suggest it is a good time to buy Bitcoin as the market enters a "quiet equilibrium" [4] - El Salvador purchased 1,100 BTC when the price was below $90,000, reflecting confidence in the asset despite retail uncertainty [4] Investor Sentiment - Market predictions indicate that traders remain bearish on Bitcoin reaching $100,000 this year, despite the recent price rebound [4]