This Week in Bitcoin: Crashing Under $80K, Worst ETF Day Ever, and States Reject Reserves
Bitcoin this week dropped to its lowest level since November as investors cashed out of ETFs and states shrugged off reserve plans.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Strategy spent record cash on STRC buybacks at its worst price yet
Michael Saylor’s BTC company Strategy told investors that its STRC share buybacks would “taper” as STRC neared $100 per share. How...
Utexo Opens Utexo Mint Early Access for USDT on Bitcoin Ahead of November 28 Launch
Bitcoin Magazine Utexo Opens Utexo Mint Early Access for USDT on Bitcoin Ahead of November 28 Launch Professional operators can no...
Coinbase’s Tokenized Stocks Are Seeing About $20 Million a Week, According to John D’Agostino
John D’Agostino said on Bits + Bips that Coinbase is seeing “roughly $20 million a week” in its tokenized stocks business, a numbe...
Bitcoin Hits One-Week High as Asian Tech Rebound Lifts Crypto; Zcash Extends 11% Surge on NU7 Upgrade Date
Bitcoin rose to about $83,500 as Asian tech stocks rebounded. Zcash extended an 11% jump after developers set a November date for...
XRP Rallies on Ripple SEC Push as ETF Outflows Cloud Evernorth Debut
Ripple’s latest news on US crypto regulation is putting XRP back in the spotlight, with the company backing a proposed SEC framewo...
Ethereum Scraps Glamsterdam’s Hoodi Fork After ChainSecurity Flags Gas Risks
Ethereum developers have called off Glamsterdam’s activation on the Hoodi testnet, four days before the upgrade was due to go live...