NewsFeeds: Bitcoin
Bitcoin news as it breaks: BTC price moves, ETF flows, treasury buying and network updates, rewritten by AI in our own words, credited and linked.
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Today
Bitcoin breaks above $76,000, up 0.31% on the day
Bitcoin broke above $76,000 and was trading at $76,000.40 a coin, up 0.31% intraday, according to OKX market data.
Bitcoin and ether funding rates stay neutral as market steadies, CoinGlass data show
Bitcoin traded at $75,953.19, up 0.09% over 24 hours, with its open-interest-weighted funding rate at 0.0087% and volume-weighted rate at 0.0081%, both neutral, CoinGlass data show. Ether's rates rose to 0.0068% and 0.0064%, easing bearish sentiment.
Analyst Ai Yi says hacker address's 20x ETH short and BTC long total about $20m
Analyst Ai Yi says a hacker address (0x45d...00ca) received 3,100 ETH from Tornado nine hours earlier, swapped it for $6.93m in USDC via Cowswap and deposited it on Hyperliquid. Its 20x BTC long rose to 263.81 BTC and its ETH short to 8,945.744 ETH, worth about $20m combined.
Previous related news
- Drift Protocol attacker moves $6.92m USDC to Hyperliquid and opens BTC long, ETH short
- Drift Protocol attacker moves another 24,885 ETH to Tornado Cash, Lookonchain says
- Suspected Drift exploiter moves another 18,800 ETH to Tornado Cash
Michael Saylor traces four centuries of digital credit in essay
Michael Saylor's essay traces the financial infrastructure behind digital credit from the Dutch East India Company in 1602 through railways, ticker machines and securities regulation to modern brokerage accounts, arguing this history helps explain Bitcoin-era finance.
Suspected hacker wallet builds $12.8m BTC long and ETH short on Hyperliquid, Lookonchain says
Lookonchain says a wallet suspected to belong to a hacker received 3,100 ETH from Tornado Cash, sold it for about $6.92m in USDC and deposited the money on Hyperliquid. It then took a 20x long on 169.47 BTC worth about $12.8m and a 20x short on 5,740 ETH worth about $12.8m.
Strategy reports $4.79bn dollar reserve and $432m of 2026 Bitcoin sales
Strategy reported a designated dollar reserve of $4.79bn and $133m in cash as of 1 Nov, and paid $43.4m in preferred dividends from the reserve in the week to 1 Nov. It raised about $432m in 2026 by selling Bitcoin to fund dividends and buybacks.
Whale swaps 493.15 ETH for about 14.5 Bitcoin via THORChain, Onchain Lens says
Onchain Lens says a whale exchanged 493.15 ETH for about 14.5 Bitcoin through THORChain, with the swapped assets worth roughly $1.10m and $1.09m. ETH was at $2,234 and Bitcoin at $75,737.
Yesterday
Polymarket puts 52% odds on Bitcoin reaching $70,000 before 2027
Polymarket data implies a 52% chance Bitcoin touches $70,000 before 2027, 24% for $90,000 and 9% for $100,000. Bitcoin traded at $75,723 on 7 November, down 2.4% over seven days and 6.6% over a month.
Strategy says Stretch's first offering raised $2.52bn and bought 21,021 Bitcoin
Michael Saylor said Strategy's Stretch perpetual preferred stock, listed on Nasdaq, completed its first offering in July 2025, raising about $2.52bn. Strategy said it used the net proceeds after fees to buy 21,021 Bitcoin.
Previous related news
- Strategy says digital credit capacity could reach $30bn as it plans more Bitcoin buying
- Michael Saylor says Strategy could become a $1tn digital credit company
- Michael Saylor says ideal digital currency is a Bitcoin-backed stablecoin yielding 6%-8%
Mike McGlone says Bitcoin bear market may signal further falls in stocks and gold
The Bloomberg Intelligence senior commodity strategist said Bitcoin's 50-week moving average shows a downtrend and that, historically, other risk assets may follow it lower. He said gold's volatility is about 2.2 times the S&P 500's annualised volatility, the highest since 2007.
Ash Crypto says Bitcoin weekly chart echoes setup before 2023 rally
Ash Crypto says Bitcoin's weekly chart resembles its 2023 range between the 50- and 100-week moving averages, with support at $75,500 and $67,800 and resistance at $82,000 and $87,400. BTC traded at $75,837.29, down 0.01%.
Study finds Bitcoin fell within 30 days in all seven Fed restart-hike cases
Since 2016, Bitcoin fell within 30 days in all seven historical cases where the Federal Reserve resumed raising rates after a pause, with a median decline of 2.4%, a study found. It noted 2018 as a close parallel, when Bitcoin fell 42% between the US midterms and the December rate rise, while cautioning the sample is only seven cases.
Fidelity's Timmer says he prefers Bitcoin to gold for now
Jurrien Timmer, director of global macro at Fidelity, said he prefers Bitcoin to gold, noting that Bitcoin's price is holding up relatively well even as both assets face selling pressure.
Arkham analyst says dormant whale resumes buying with 3,009 Bitcoin
Arkham analyst Emmett Gallic says a whale that had been dormant for more than a year bought 3,009 Bitcoin. The same whale bought 50,000 Bitcoin at an average of $20,000 in late 2022 and sold gradually from 2024 to early 2025, making $2bn in profit.
Utkarsh Ahuja says Bitcoin rebound is fragile but sees $120,000-$150,000 by end-2027
Utkarsh Ahuja of Moon Pursuit Capital said Bitcoin's post-midterm rebound was a fragile relief rally, with the coin briefly reclaiming $80,000 on Wednesday before falling to around $75,000 on Thursday. He remains constructive long term, seeing $120,000-$150,000 by the end of 2027 if liquidity and institutional demand improve.
Murphy says Bitcoin selling pressure on 5 November was the heaviest since August
Crypto analyst Murphy said spot sell-side volume on 5 November hit its highest level since the current rally began in August, exceeding the selling seen after the Binance security incident on 30 October. He said it may take weeks, or one to two months, for the market to absorb the fear.
Blockstream says Bitcoin could adopt new signature tech to counter quantum threat
Blockstream says Bitcoin could in future adopt new digital signature technology to guard against quantum computing threats. Its researchers picked Falcon-1024 as the leading candidate after comparing Dilithium, Falcon and Hawk, and said hash-based signatures would be a more prudent near-term option.
Fri 6 Nov
Core Scientific sells 816 BTC and now holds 32
Listed Bitcoin miner Core Scientific has sold 816 BTC and now holds 32 BTC, according to Bitcoin Treasuries. The company said it sold the coins to meet capital expenditure and other cash needs as it shifts to building AI data centres.
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