Bitcoin Erases Year’s Gain
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Nvidia, Bitcoin and Wall Street
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In a post on X on Nov. 19, the Mad Money host said it “almost feels like a cabal is trying to keep Bitcoin above $90,000." Cramer reiterated that he remains supportive of Bitcoin itself, while stating he does not “like any of the derivatives created to play it or game it or mine it.”
Bitcoin Exchange-Traded Funds (ETFs) experienced significant withdrawals totaling $372 million in recent weeks, sparking concerns within the financial
Investors pulled roughly $523 million from BlackRock's flagship iShares Bitcoin Trust on Tuesday, according to data from Farside Investors, marking the fund's largest single-day withdrawal since its launch.
El Salvador just spent $100 million on over 1000 bitcoin as the country presses ahead with its aggressive Bitcoin accumulation strategy.
In recent days, significant declines in Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) have been noted, largely driven by retail investors’ panic selling. This trend, however, could paradoxically set the stage for a potential market recovery, according to historical analyses of cryptocurrency behaviors in similar situations.
Bitcoin fell to its lowest level in six months Thursday afternoon, deeping its bear-market rout as long-term holders of the cryptocurrency stepped up their selling.
Bitcoin’s modest rebound after its drop from $89,000 lifted several crypto-exposed stocks, despite broader market uncertainty.
On a recent Monday, Bitcoin investors made the largest single-day purchase of the year, signaling renewed optimism despite the cryptocurrency's recent