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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Thu 5 Nov
Bitcoin briefly dips below $79,000 as 24-hour gain narrows to 0.46%
Bitcoin briefly fell below $79,000 and was trading at $78,993.90, with its 24-hour gain narrowing to 0.46%, OKX data showed.
VerifiedX launches Vault feature to recover vBTC after hacks or mistaken transfers
VerifiedX has added a self-custodial Vault in its mainnet 9.0.0 upgrade that lets vBTC holders set a delay before transfers finalise, so mistaken or unauthorised transfers can be cancelled. Validators can also verify Bitcoin block headers independently.
199 listed companies hold 6.03% of Bitcoin supply, BitcoinTreasuries data show
BitcoinTreasuries data show 199 listed companies held 1,266,419 BTC as of 2 Nov, about 6.03% of Bitcoin's 21 million maximum supply. Strategy held 849,327 BTC, roughly 67% of the corporate total, with Metaplanet, Twenty One and Strive next at about 43,000-44,000 BTC each.
Michael Saylor says he is feeling bullish on Bitcoin
Strategy founder Michael Saylor said in a social media post that he is feeling bullish.
Keel Infrastructure sells 2,520 Bitcoin in third quarter for $192m
Keel Infrastructure, formerly Bitfarms, sold 2,520 Bitcoin in the third quarter for about $192m. As it shifts towards AI data-centre infrastructure, the company plans to sell Bitcoin mined each day rather than hold it as a long-term reserve asset.
Crypto liquidations top $43.1m in an hour, led by longs
CoinGlass data shows $43.1m of crypto positions were liquidated across the market in the past hour, including $42.2m in longs and $941,000 in shorts. Bitcoin liquidations reached $14.3m and ether $12.1m.
Bitcoin rebound lacks leverage and spot demand, CoinDesk says
CoinDesk says Bitcoin recovered $80,000 after a short-term shock from the US midterm election results, but futures open interest stayed near $53.4bn and US spot ETF net inflows were just $74m. It attributes the rebound mainly to a short squeeze, with $300m of Bitcoin shorts liquidated in 24 hours.
Bitcoin dips below $80,000, down 0.38% on the day
OKX market data shows Bitcoin fell below $80,000 to $79,998.50, down 0.38% intraday.
Strategy says its Bitcoin holdings are worth about $65.9bn
Strategy bought 811 BTC for about $65.5m in the last week of October, lifting its holdings to 849,327 BTC worth roughly $65.9bn, Bitcoin News says. Arkham data cited shows unrealised profit of about $919m as of 3 Nov, with each $1,000 move in Bitcoin shifting the book result by about $850m.
Hut 8 uses Bitcoin sale proceeds to cancel 3.34m shares and lifts buyback authorisation to $1bn
Hut 8 used proceeds from Bitcoin sales in the third quarter and after it to repurchase and cancel about 3.34m common shares, and raised its buyback authorisation to $1bn.
Bitcoin holds above $80,000 as short squeeze drives rebound
Bitcoin held above $80,000 at about $80,250, up 2.5% over 24 hours, with about 65% of $715m in crypto futures liquidations coming from shorts, suggesting forced short covering rather than fresh buying drove the rebound.
American Bitcoin Corp holdings reach 8,427 BTC after 127 BTC purchase
Bitcoin miner American Bitcoin Corp (ABTC), which is backed by the Trump family, has added 127 BTC and now holds 8,427 BTC, according to monitoring by Bitcoin Treasuries.
Kazakhstan invests about $100m in crypto funds including Brevan Howard Digital
Kazakhstan has invested about $100m in crypto funds, including Brevan Howard Digital.
Pete Rizzo says Citi raised Bitcoin exposure by more than 1,140%
Pete Rizzo, a former Bitcoin Magazine editor, said on X that Citi increased its Bitcoin investment exposure by over 1,140%, lifting the value of its BTC-related assets above $143m. It is unconfirmed whether this covers direct holdings or also Bitcoin-linked products such as spot ETFs.
Oil falls as Democrats retake Congress; Bitcoin recovers to $80,000
Oil prices tumbled after Democrats retook Congress, while Bitcoin regained $80,000.
DDC Enterprise launches preferred share offering to raise $24m
DDC Enterprise announced an initial public offering of preferred shares, SAVOR (SVOR), at $20 each with a 13.5% annual dividend paid daily. It expects to raise $24m to repay convertible notes, fund a dividend reserve account and buy more Bitcoin.
DonAlt says Bitcoin could retest all-time high after US midterms
Crypto analyst DonAlt said Bitcoin's rebound from $75,000 on 4 Nov turned its monthly candle positive and could set it up for another run at its all-time high, with $70,000 support possibly forming a higher low. He said the pattern echoes the 2022 FTX reversal.
Darkfost says Bitcoin's correlation with the S&P 500 has risen over a decade
CryptoQuant analyst Darkfost says the cumulative Z-score of BTC's 90-day rolling correlation with the S&P 500 has risen above zero for the first time since 2015, reaching 98.5. He says the rise is slowing, with the rate of change down to +6.3%.
Polymarket odds of Bitcoin hitting $85,000 in November rise to 56%
Polymarket traders put a 56% chance on Bitcoin reaching $85,000 at some point in the rest of November, up 23% in 24 hours, with the odds of $87,500 at 38%. The market settles on Binance BTC/USDT one-minute highs.
CryptoOnchain says Bitcoin cycle bottom is unconfirmed as downside risk persists
CryptoQuant contributor CryptoOnchain says Bitcoin's cycle strength is weakening but extreme turning-point signals have yet to appear, with the 30-day average of its Cycle Extremes Index at 15.8%. It says the risk of further declines has not disappeared.
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