2025-12-06 Saturday

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China CSRC Chairman Emphasizes Enhanced Crypto Risk Monitoring

China CSRC Chairman Emphasizes Enhanced Crypto Risk Monitoring

The post China CSRC Chairman Emphasizes Enhanced Crypto Risk Monitoring appeared on BitcoinEthereumNews.com. Key Points: CSRC Chairman Wu Qing underscores risk prevention for crypto assets. Focus on margin trading, derivatives, and asset management. Caution continues with no immediate effect on major cryptocurrencies. On December 6th, Wu Qing, Chairman of the China Securities Regulatory Commission, emphasized the importance of risk prevention for crypto assets at the Securities Association of China’s Member Congress. Wu Qing’s remarks reaffirm China’s cautious stance towards crypto, signaling potential sentiment impacts on BTC/ETH, though no immediate effects on market structures are expected. Wu Qing’s Call for Tightened Crypto Scrutiny Wu Qing’s remarks at the Shanghai Securities News event emphasize the regulatory focus on crypto risk management, advocating for a robust risk prevention approach. His consistent advocacy for caution aligns with China’s tradition of strict oversight in burgeoning financial sectors. Crypto‑asset business that is unclear or uncontrollable should not be allowed to operate. The reiterated stance from Wu Qing translates into ongoing scrutiny for crypto entities within China’s jurisdiction, discouraging operations deemed unclear or uncontrollable. Financial institutions dealing with crypto are again on alert to tighten compliance to avoid unlawful activities. Global market reactions to these announcements historically prompt short-term volatility in top cryptocurrencies like Bitcoin and Ethereum. However, industry stakeholders view these as affirmations of existing policy, rather than new directives, leading to a stable market outlook. Bitcoin Holds Despite Ongoing Chinese Caution Did you know? Wu Qing’s continued emphasis on risk prevention reflects a longstanding Chinese policy approach aimed at maintaining a stable and orderly financial market environment, which historically has influenced global crypto sentiment and regulatory frameworks. Bitcoin (BTC), currently valued at $89,308.46, holds a market cap of $1.78 trillion, experiencing a 3.04% 24-hour decline, as reported by CoinMarketCap. Its dominance stands at 58.62%, with a trading volume of $60.77 billion over the last 24 hours. The digital…
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BitcoinEthereumNews2025/12/06 16:39
Nate Geraci Says Bitcoin Hasn’t Proven Its Digital Gold Status

Nate Geraci Says Bitcoin Hasn’t Proven Its Digital Gold Status

The post Nate Geraci Says Bitcoin Hasn’t Proven Its Digital Gold Status appeared on BitcoinEthereumNews.com. The narrative about Bitcoin (BTC) being a digital gold has been brought into question again by ETF analyst Nate Geraci. Geraci said the asset has yet to prove it can act as a reliable store of value. His view adds fresh scrutiny to a narrative that helped drive institutional interest during Bitcoin’s strongest years. Is Bitcoin Truly Digital Gold? Geraci explained in an interview that Bitcoin still behaves more like a volatile risk asset than a safe-haven investment. He pointed out that the cryptocurrency’s track record is mixed and the investors cannot claim that the digital gold debate is closed. An argument made by analysts was that BTC’s value would be boosted by strong ETF inflows and that wider use. This is an opinion held by some institutions. JPMorgan pointed out that Bitcoin could replace gold next year as the number one store of value in the world. Geraci mentioned that price is significant. But he added that a more important concern is the performance of BTC during downturns in the broader financial markets. He said investors want clarity on whether BTC can protect portfolios when stocks fall. He pointed to two key moments this year. During the “tariff tantrum” in April, Bitcoin rallied while stocks dropped. That reaction helped strengthen the digital gold story. But months later, Bitcoin sold off harder than the market during a pullback led by technology stocks. Geraci said this pattern weakened confidence in Bitcoin’s safe-haven appeal. Bitcoin’s Safe-Haven Case Could Still Happen: Geraci He added that ETF flows reveal shifting investor sentiment. Spot BTC ETFs saw billions in outflows recently. But since January, they still captured about $22 billion in inflows overall. He said this pattern reflects a market still deciding how to treat Bitcoin. Geraci believes BTC may eventually resemble gold more closely.…
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BitcoinEthereumNews2025/12/06 16:26
What It Means for State Crypto Adoption

What It Means for State Crypto Adoption

The post What It Means for State Crypto Adoption appeared on BitcoinEthereumNews.com. Texas has become the first US state to officially purchase and hold Bitcoin (BTC), acquiring $5 million worth of BlackRock’s iShares Bitcoin Trust (IBIT) and authorizing another $5 million for direct, self-custodied BTC. The move comes at an unexpected moment: a market downturn marked by exchange-traded fund (ETF) outflows, institutional caution and stalled legislative efforts across the country. In this week’s episode of Byte-Sized Insight, we explore why Texas stepped in while many others stepped out and what the timing suggests about the state’s long-term view on digital assets. Earlier this year, more than two dozen US states introduced or debated bills that would allow public treasuries to hold Bitcoin or other digital assets. Yet most of those efforts slowed or evaporated as prices fell and political appetite waned. Texas, by contrast, accelerated. Its Bitcoin purchase is the first executed under the Texas Strategic Bitcoin Reserve Act, passed in June 2025, signaling a decisive move into digital finance at a moment when competitors hesitated. Texas isn’t new to Bitcoin Texas Governor Greg Abbott has publicly supported Bitcoin for more than a decade. In a 2014 campaign video referenced in the podcast episode, Abbott said, “Bitcoin is a new and decentralized digital cryptocurrency. It enables instant financial transactions safely and securely.” Related: As US Bitcoin Reserve stalls, Chainalysis flags $75B in seizable crypto That stance continued years later. In a 2022 conversation with the Texas Blockchain Council, Abbott outlined why he believed the state should lead in blockchain innovation, saying, “Texas is getting involved early on in this process because we see the future of what Bitcoin and what blockchain means to the entire world.” A long-term strategic play, not a short-term bet For Lee Bratcher, president of the Texas Blockchain Council, the state’s timing is no accident. Speaking on the…
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BitcoinEthereumNews2025/12/06 16:20
Bitcoin Liquidity Sweep Calls Increase With $90,000 at Stake

Bitcoin Liquidity Sweep Calls Increase With $90,000 at Stake

The post Bitcoin Liquidity Sweep Calls Increase With $90,000 at Stake appeared on BitcoinEthereumNews.com. Bitcoin (BTC) traders saw fresh downside at Friday’s Wall Street open as $90,000 hung in the balance. Key points: Bitcoin edges closer to $90,000 with traders lining up lower BTC price targets next. Liquidity conditions favor a sweep of bids as an initial move, analysis agrees. Ichimoku Cloud signals point to a potentially bigger dip to come. BTC price bets refocus under $90,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD down nearly 2% versus Thursday’s close. BTC/USD one-hour chart. Source: Cointelegraph/TradingView After rejecting at the 2025 yearly open level the day prior, Bitcoin lacked impetus for gains, and market participants were keen to see support retests further down. “Orderbook heatmap shows thin bid side with only reasonably large buy walls at 86K and below it,” trading account Exitpump wrote in fresh analysis on X.  “Thinking about slowly filling the gap and resetting OI which will be healthy for the upside.” BTC/USDT spot order-book data for Binance. Source: Exitpump/X Crypto investor and entrepreneur Ted Pillows used exchange order-book data from monitoring resource CoinGlass to flag $90,000 as an important zone. “Bitcoin has 2 decent liquidity clusters right now. The upside liquidity is around the $94,500 level, while the downside liquidity is around the $90,000 level,” he wrote.  “IMO, a sweep of downside liquidity before reversal makes sense.” BTC liquidation heatmap. Source: Ted Pillows/X Pillows described current chart conditions as a “one of those ‘clean the lows then decide’ setups.” “Ideally this doesn’t lose that ~$88K region again on the higher timeframes,” trader Daan Crypto Trades concluded the day prior. BTC/USDT perpetual contract three-day chart. Source: Daan Crypto Trades/X Bitcoin Ichimoku analysis points down Considering potential future lows, trader Titan of Crypto employed Ichimoku Cloud analysis to bring back levels closer to $80,000. Related: Ether vs. Bitcoin teases 170% gains…
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BitcoinEthereumNews2025/12/06 15:38
“try to avoid KYC as much as possible”, says Zano head of marketing

“try to avoid KYC as much as possible”, says Zano head of marketing

The post “try to avoid KYC as much as possible”, says Zano head of marketing appeared on BitcoinEthereumNews.com. The Cryptonomist interviewed Quinten van Welzen, head of marketing and growth at the Zano project, a privacy-by-default blockchain platform on which users can launch their own assets. Zano basically enforces the amounts being hidden, the sender and receiver addresses being hidden, and even the asset type transacted remains hidden.  Zano’s ecosystem can be utilized to make any asset private. Then mention stablecoins, shielded versions of BTC, ETH, and even private DeFi (PriFi) etc. Why do you think there is a new surge around privacy coins?  I think it all started with Zcash, and I think it was a little bit orchestrated. A lot of influencers were likely paid to promote Zcash and that drew attention to privacy coins. But it’s not just that. People have concerns about government overreach, digital IDs, CBDCs.  That contributes to privacy coins doing well. And usually at the end of each cycle, people rotate profits into privacy coins. How do you see privacy coins evolving over the next 5 to 10 years? I think privacy will become way more important and way more dominant across crypto. Optional privacy is weak privacy for a number of reasons, so I think it will fade away and default privacy will become the standard. It also depends on regulations, but if blockchain wants mass adoption by companies, they need privacy too. A company doesn’t want you to see their money flows or payment behavior because it reveals insights into their business model. Privacy will become more important for both individuals and businesses. What about the surge around stablecoins? For e-commerce, you want to pay with a stable asset. That’s why stablecoins are popular, and USDT and USDC are the most used cryptocurrencies today. But they have serious flaws because they are not private. If you receive a stablecoin, the…
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BitcoinEthereumNews2025/12/06 15:18
Bitcoin SOPR Ratio Hits Cycle Low, Signals Potential Bottom

Bitcoin SOPR Ratio Hits Cycle Low, Signals Potential Bottom

The post Bitcoin SOPR Ratio Hits Cycle Low, Signals Potential Bottom appeared on BitcoinEthereumNews.com. Key Points: Bitcoin SOPR ratio falls to 1.35, indicating market reset. Signals potential bottom in bull market correction. Long-term profit-taking fades, reducing selling pressure. Bitcoin’s SOPR ratio fell to 1.35, the lowest since early 2024, as BTC price reaches $89,700, signaling reduced profit-taking and potential market stabilization. This SOPR shift suggests selling pressure is waning, hinting at bottom formation in Bitcoin’s market, potentially preluding a new bullish phase. Bitcoin SOPR Reaches 1.35: Possible Market Bottom The Bitcoin SOPR ratio has declined to 1.35, marking the lowest level since early 2024, as reported by CryptoOnchain. This decline indicates that the market is resetting, with Bitcoin’s price at approximately $89,700. Long-term holders are reducing significant profit-taking, suggesting selling pressure is nearly exhausted. With the SOPR ratio at its lowest since 2024, Bitcoin is experiencing a market cooling phase, which might signal a local bottom. Historically, such declines in the SOPR ratio have preceded a trend reversal, potentially leading to a renewed uptrend. The market has reacted by noting the decrease in long-term profit-taking, indicating a possible easing of sell pressure. This shift may support new inflows and demand, further paving the way for a future uptrend in Bitcoin prices. “A sharp decline in the SOPR ratio to ~1.35 typically indicates that long-term profit-taking is waning and selling pressure is nearing exhaustion, a signal often aligned with local bottom formations.” — Will Clemente, On-chain Analyst, Reflexivity Research Historical Trends and Future Bitcoin Market Signals Did you know? Historical patterns show that when the Bitcoin SOPR ratio nears cycle lows, it often coincides with a local bottom forming. This consistent signal has influenced market sentiment and buying behavior, contributing to subsequent price uptrends. Bitcoin is currently priced at $89,719.49, with a significant market cap of $1.79 trillion. Its market dominance stands at 58.69%. Over…
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BitcoinEthereumNews2025/12/06 15:06
Bitcoin Realized Losses Reached $5.7B as Holders Continue To Accumulate

Bitcoin Realized Losses Reached $5.7B as Holders Continue To Accumulate

The post Bitcoin Realized Losses Reached $5.7B as Holders Continue To Accumulate appeared on BitcoinEthereumNews.com. Bitcoin (BTC) has dropped 10% over the last 30 days, as several groups of wallet holders switched from distribution to accumulation. Data suggests that this accumulation, coupled with record realized losses, points to a potential shift in momentum. Key takeaways: Bitcoin whales and mid-sized holders are aggressively accumulating BTC at current levels.  Whales and sharks are now absorbing nearly 240% of the newly mined BTC supply. Bitcoin’s realized losses neared $5.8 billion on Nov. 22, the largest since FTX, a classic capitulation sign.  Strong Bitcoin accumulation at current levels Bitcoin whales increased their risk-on appetite following the recent drop to $80,000, using the dip as an opportunity.  Glassnode data indicates that the Bitcoin accumulation trend score (ATS) is nearing 1 (see chart below), indicating intense accumulation by large investors. Related: Bitcoin’s ‘momentum is igniting,’ but these are BTC price levels to watch An ATS of closer to 1 (dark blue) indicates that the whales are accumulating more Bitcoin than they are distributing, and a value closer to 0 (light yellow) indicates they are distributing or not accumulating. The spike in trend score indicates a transition from distribution to accumulation across almost all cohorts. This shift mirrors a similar accumulation pattern observed in July, which aligned with Bitcoin’s rally to the previous all-time high of $124,500 reached on Aug. 14, from sub-$100,000 levels in June. Bitcoin accumulation trend score. Source: Glassnode Additional data from Glassnode reveals a resurgence in buying by small to mid-sized entities holding between 10 and 1,000 BTC, which have accumulated aggressively over the past few weeks.  Bitcoin accumulation trend score by cohort. Source: Glassnode Bitcoin whales absorb nearly 240% of new supply Reinforcing this accumulation trend is the yearly absorption rate metric, which shows that whales and sharks are now absorbing about 240% of BTC’s yearly issuance,…
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BitcoinEthereumNews2025/12/06 14:23