Cryptonews

Ah, the sweet scent of financial despair fills the air today as Bitcoin falls below $96,000, according to the ever-reliable Binance market data. At this moment, the digital currency is trading at a meager 95,933 USDT, a 6.39% decline over the past 24 hours. It’s like watching a majestic bird crash into the pavement, if that bird were worth $1 trillion. Coinglass reports that the liquidation rollercoaster is in full swing, with over $1 billion worth of liquidations in just one day. To make things even juicier, long positions accounted for $887 million of that deliciously catastrophic figure, while short positions only contributed $135 million. Truly a tale of imbalance.

A recent analysis reveals that support for Bitcoin varies depending on how the topic is framed. While financial freedom for unstable countries appeals to Democrats, energy grid benefits and the right to transact freely are more influential among Republicans. 🧠

The august body, FASB, seeks to prove that even in the land of dollars and cents, clarity and transparency can be achieved. They aim to tame the wild digital beasts that are cryptocurrencies and make accounting less like a game of Russian roulette. 🎲

How has Solana performed in the market recently?

The sharp reversal reflects rising supply pressure, expiring lockups, and a shifting stablecoin market, all while major institutions turn increasingly bullish on Circle’s long-term moat.

Circle Internet Group (NYSE: CRCL), that modern-day Raskolnikov of fintech, posted results for Q3 2025 that would make a monk faint. Behold, dear reader, as USDC circulation-that sly serpent-soared 108% to $73.7 billion, a number so staggering it could only exist in a fever dream.

According to Glassnode, the analytics firm that loves to dig deep into the blockchain’s soul, Bitcoin’s long-term holders (LTHs) are finally starting to let go of their beloved coins. These are the brave souls who have kept their Bitcoin for over 155 days without so much as a single transaction. Statistically speaking, the longer you hold, the less likely you are to sell, which is why these guys are usually the immovable rock in a sea of volatile waves.

There she sits, BTC, perched between 97K and 98K, like a weary traveler eyeing a mirage that once shimmered at 107K. The EMAs droop like a sad hound’s ears, and the momentum indicators? Well, they’re about as bullish as a skunk at a picnic. Yet, the Spot Bitcoin ETF AUM clings to its 139B like a barnacle on a shipwreck, though recent outflows whisper of profit-takers cashing in their chips. Futures open interest? Still puffed up like a toad in a rainstorm, though CME traders are tiptoeing away while offshore platforms keep the leverage party going. It’s a tug-of-war between greed and fear, and fear’s got the upper hand-for now. 🌪️

Thursday dawned, and the XRP ETF, a creature born from the DNA of dreams and despair, began trading on Nasdaq like a caffeinated lemming. 🚀 Bankers, institutional and otherwise, nodded solemnly as the last regulatory wolves retreated-or perhaps simply yawned. The gods of paperwork had, for once, granted mercy.

Speaking after the milestone, Canary Capital Founder and CEO Steven McClurg discussed what the XRP ETF means for investors, how demand may evolve, and what realistic long-term price targets look like. 🤝