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Key Takeaways Strategy’s CEO clarified that selling Bitcoin would only occur under extreme conditions. Traders have raised concerns from the comments. Despite market volatility, Strategy has downplayed the risk of a declining Bitcoin price. Bitcoin-exposed investors turned cautious on Monday after new remarks from the chief executive of Strategy sparked speculation that the company could, under certain market conditions, unwind part of its massive crypto holdings. While the firm has insisted its long-standing accumulation approach remains intact, traders are worried the latest comments have introduced a potential path to selling. Top Trending Crypto Articles CEO’s Comments Prompt Fresh Scrutiny In…

Bitcoin (BTC) gained 5.81% on Tuesday, its biggest daily return since May 8. As the rally unfolded, a bullish engulfing pattern formed, marking the first significant structural shift on the daily chart in the fourth quarter. Traders now wonder if there is an increased chance for a sustained recovery over the coming day. Bitcoin one-day chart. Source: Cointelegraph/TradingViewKey takeaways:Bitcoin printed a bullish engulfing candle with its strongest daily gain since May, signaling early trend expansion.A daily close above $96,000 is required for full bullish confirmation.Buy-side trading surged to its highest reading of the entire bull market as the Coinbase Premium…

The S&P 500 Index ($SPX) (SPY) on Tuesday closed up by +0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.39%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.84%.  December E-mini S&P futures (ESZ25) rose +0.21%, and December E-mini Nasdaq futures (NQZ25) rose +0.82%.Stock indexes rallied on Tuesday, with the S&P 500 and Nasdaq 100 posting 2.5-week highs.  Strength in chip stocks supported gains in the broader market on Tuesday.  Also, some better-than-expected earnings results boosted technology stocks.  MongoDB surged more than +22% after reporting stronger-than-expected Q3 EPS, and Credo Technology Group Holding rose more than +10% after reporting…

Key Takeaways Peter Schiff renewed his attack on Bitcoin. Bitcoin has had a rapid 5% drop. Analysts pointed to a possible December BOJ rate hike and weakening yen as a catalyst rattling crypto markets. Longtime critic Peter Schiff renewed his attack on Bitcoin this week, labeling it a “fake asset” and accusing media outlet CNBC of ignoring mounting evidence of its structural weaknesses. Schiff’s remarks came as Bitcoin fell almost 5% over the past day, sparking concern across the community. Peter Schiff Calls Bitcoin a “Fake Asset” On Nov. 30, Schiff argued that Bitcoin’s latest slide cannot be written off as…

The Chicago-based CME Group has introduced a new suite of cryptocurrency benchmarks designed to provide standardized pricing and volatility data for institutional traders using tools they’re familiar with across traditional asset classes.Announced Tuesday, the CME CF Cryptocurrency Benchmarks cover a range of digital assets, including Bitcoin (BTC), Ether (ETH), Solana (SOL) and XRP (XRP). Notably, the launch includes the CME CF Bitcoin Volatility Benchmarks, which track the implied volatility of Bitcoin and Micro Bitcoin Futures options, effectively serving as a crypto-market equivalent of the equity market’s VIX by showing how much price movement traders expect over the next 30 days. Source:…

The S&P 500 Index ($SPX) (SPY) on Monday closed down by -0.53%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down by -0.90%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.36%.  December E-mini S&P futures (ESZ25) fell -0.50%, and December E-mini Nasdaq futures (NQZ25) fell -0.36%.Stock indexes settled lower on Monday as higher bond yields sparked risk-off sentiment in asset markets.  The 10-year T-note yield rose +8 bp to 4.09% as a rout in Japanese government bonds rippled through global bond markets.  The 10-year Japanese bond yields to a 17-year high of 1.88% on Monday after Bank of Japan (BOJ) Governor…

The Bitcoin mining industry has entered what may be its most severe economic downturn in its 15-year history, with even large publicly traded operators struggling to break even amid collapsing mining revenue and rising debt, according to TheMinerMag.In its latest report, TheMinerMag said miners are operating in the “harshest margin environment of all time,” as hashprice — the revenue earned per unit of computing power — has fallen from an average of about $55 per petahash per second (PH/s) in the third quarter to roughly $35 PH/s, a level the publication characterized as a structural low rather than a temporary…

The S&P 500 Index ($SPX) (SPY) on Friday closed up by +0.54%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.61%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.78%.  December E-mini S&P futures (ESZ25) rose +0.50%, and December E-mini Nasdaq futures (NQZ25) rose +0.76%.Stock indexes settled higher on Friday, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 posting 2-week highs.  Strength in semiconductor stocks on Friday helped lift the overall market.  Also, energy producers rallied on Friday after WTI crude rose more than 1% to a 1-week high.  Join 200K+ Subscribers: Find out why the…

Bitcoin (BTC) failed to reclaim $93,000 despite positive momentum in the US stock market and rising gold prices. With the S&P 500 trading just 1% below its all-time high, traders are evaluating what could spark sustainable bullish momentum for Bitcoin.Key takeaways:Demand for BTC put (sell) options and stagnant ETF inflows kept momentum capped despite easing macroeconomic conditions.AI-driven tech relief has cut market stress, but BTC strength relies on holding $90k as investors bet on liquidity support amid softer job market data. Fed target rate expectations for Dec. 10. Source: CME Group FedWatch ToolBond market futures data from CME Group shows…

March NY world sugar #11 (SBH25) today is up +0.06 (+0.27%), and December London ICE white sugar #5 (SWZ24) is up +0.10 (+0.02%).Sugar prices today recovered from early losses and are slightly higher after a rally in the Brazilian real (^USDBRL) to a 1-week high sparked short covering in sugar futures.   Sugar has been under pressure recently, with NY sugar posting a 2-week low Monday and London sugar posting a 1-1/2 month low today on forecasts for beneficial rain in Brazil’s Center-South that eases concerns about excessive dryness.  Forecaster Climatempo said rain will continue in Brazil’s Center-South region for…