Schlagwort: crypto business

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Strategy adds $835M in Bitcoin even as BTC price continues decline

  • Strategy acquired 8,178 BTC for $835 million, bringing total holdings to 649,870 BTC.

  • The firm’s Bitcoin stash is now worth $61.7 billion, with $13.3 billion in unrealised gains.

  • CEO Michael Saylor dismissed rumours of BTC sales, reaffirming Strategy’s “buy-and-hold” stance.

The world’s largest corporate holder of Bitcoin, Strategy, has resumed aggressive accumulation of the cryptocurrency with a purchase worth $835 million, even as prices remained volatile and sentiment turned cautious.

In a filing with the US Securities and Exchange Commission on Monday, the company reported buying 8,178 Bitcoin (BTC) at an average price of around $102,100 each.

The acquisition marks a sharp uptick from the firm’s earlier pace of 400–500 coins per week through October and early November.

The latest buy underscores Executive Chairman Michael Saylor’s conviction in Bitcoin as the firm’s core treasury asset, despite the cryptocurrency’s recent pullback.

Bitcoin treasury expands to nearly 650,000 coins

Following the purchase, Strategy now holds 649,870 BTC, valued at roughly $61.7 billion at current prices, based on CoinGecko data showing BTC trading near $94,200.

The company’s cumulative acquisition cost stands at $48.4 billion, implying paper gains of about $13.3 billion.

At that scale, Strategy controls more than 3% of Bitcoin’s total 21 million supply, making it by far the world’s largest corporate holder of the asset.

“₿ig week,” Saylor hinted on X (formerly Twitter) ahead of the announcement, signalling to his followers that another large purchase was imminent.

Despite the buying spree, Strategy’s stock (MSTR) fell more than 16% over the past five days to $197.03 on Nasdaq, reflecting broader weakness in crypto-related equities after Bitcoin’s sharp correction.

Saylor reaffirms commitment, dismisses sale rumours

Last week, Saylor pushed back against speculation that the company had sold part of its Bitcoin holdings.

The rumour originated from a Walter Bloomberg post on X citing Arkham Intelligence data, which later clarified that the on-chain movement reflected wallet reorganisation, not liquidation.

“There is no truth to this rumour,” Saylor said in response.

“We are buying. We’re buying quite a lot, actually, and we’ll report our next buys on Monday morning. I think people will be pleasantly surprised,” he told CNBC.

Just a week earlier, Strategy disclosed it had purchased an additional 487 BTC for $49.9 million, taking its total holdings at the time to 641,692 BTC.

Volatility returns to Bitcoin

Bitcoin’s latest rally came under pressure last week, with the cryptocurrency falling as much as 25% from its October all-time high near $126,000, dropping to a Sunday low of $93,029 before rebounding modestly.

Despite the US government reopening after a record 43-day shutdown, market uncertainty tied to President Donald Trump’s tariff policies and global risk aversion has led to heavy liquidations across digital assets.

Even so, 2025 has marked a pivotal year for corporate Bitcoin adoption, with 194 public companies now holding BTC on their balance sheets, according to Bitcoin Treasuries data.

Other major holders include Marathon Digital (MARA), Twenty One, Metaplanet, and Riot Platforms, all of which have added to their reserves amid growing regulatory clarity under the Trump administration.

 

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Chainlink price slides toward $13 as bearish signals mount: is an $8.50 retest next?

  • Chainlink price broke below $14 on Monday and traded to lows of $13.45 amid a spike in volume.
  • LINK shows weakness as a bearish setup forms on the daily chart.
  • Bears could target $10.97 if weakness intensifies near $13.

Chainlink trades in a downward trend that mirrors the renewed selling pressure that has pushed Bitcoin below $95,000 and top altcoins into the red.

LINK, the native token of Chainlink, hovered near the psychologically important $13 mark as bulls struggled.

Notably, this comes after the token failed to sustain momentum after bulls hit highs above $27.80 in August.

Lately, a decline below $20 amid a 21% nosedive on October 10,2025 has seen LINK erase most of bulls managed since the July 2025 uptick. Price fell below $14 on Friday.

Could the broader caution cascading across the altcoin market allow for further price deterioration?

Chainlink extends decline to near $13

As of writing, Chainlink price has lost 13% over the past week. While bulls are near the $14, the token touched intraday lows of $13.45 on Monday.

One key observation is that Chainlink’s trading volume has remained elevated during the downturn.

This suggests conviction among sellers, who have pushed prices lower amid a symmetrical triangle pattern formation.

Accompanied by a sharp spike in volume, up 59% in 24 hours to over $837 million, LINK’s breakdowns mirror what typically happens amid fresh downside volatility.

In fact, as can be seen in the chart below, the altcoin’s daily price chart signals a potential death cross pattern.

What’s the Chainlink price outlook?

The technical outlook has key indicators flashing bearish signals, with the 50-day simple moving average (SMA) set to cross below the 200-day simple moving average.

Death crosses are lagging indicators, which means that while not entirely predictive in itself before confirming, their appearance has historically marked the beginning of an extended bearish phase.

Chainlink Price Chart
Chainlink daily chart by TradingView

For Chainlink, indications of downward pressure go beyond the death cross.

On the daily chart, the Relative Strength Index (RSI) has fallen below the neutral 50 level and is approaching oversold territory. RSI currently sits near 36/

Also strengthening downward pressure is the Moving Average Convergence Divergence (MACD). Currently, the histogram is negative, and the MACD line below the signal line points to strong bearish momentum.

From a price action perspective, the next major support cluster lies in the $11.77-$10.97 area.

Per the daily chart, this zone has previously acted as a strong demand in April and June 2025.

However, if Chainlink can defend the $13 psychological threshold, near-term projections could see bulls target an immediate major resistance mark near $15.55.

The level coincides with the previous golden cross pattern that saw bulls break out above $20 and hit highs of $27 in August.

Bullish, but a daily close below $13 means bears could have a path to a revisit of the multi-year support near $8.50.

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Bitcoin price hovers near $93k, risks further correction

  • Bitcoin price outlook after BTC breaks below the 50-week moving average.
  • While it’s a buy opportunity, bulls risk seeing another pullback and a revisit of sub-$90k levels.
  • A flip of $95,000 into key support could allow for bullish retests of highs above $104,504.

Bitcoin’s price hovers near $94,900 after its latest plunge allowed bears to break below a longstanding technical support.

While analysts remain largely bullish, the dip has ignited widespread selling pressure, with the flagship digital asset at risk of further correction.

Notably, the dip continues to offer whales an opportunity to scoop BTC on the cheap.

Michael Saylor’s Strategy announced a fresh acquisition of 8,178 BTC for $835.6 million, with the haul bringing the company’s total holdings to 649,870 BTC acquired for $48.37 billion.

Yet, institutional inflows continue hitting the brakes, and macroeconomic jitters persist.

The key question, therefore, is whether the latest dip offers bulls an opportunity for a reset or signals the onset of a deeper decline.

Bitcoin price tests $92k low amid technical breakdown

Bitcoin (BTC) has broken down from the 50-week EMA (currently at $100,506).

This moving average, calculated as an exponential average of weekly closing prices over the past 50 weeks, has historically acted as a reliable floor for BTC.

The breakdown means Bitcoin risks printing a weekly close below the 50-EMA on the weekly chart for the first time since September 2023.

Billions of dollars in leveraged liquidations this past week and consecutive weekly outflows from spot Bitcoin exchange-traded funds (ETFs) helped bears strengthen the assault on $100,000.

As of writing, BTC price probed the $92,000–$95,000 zone, an area bulls must hold to prevent fresh declines.

The benchmark digital asset changed hands for around $93,509.

What’s next for the BTC price?

With the 50-week EMA now repurposed as overhead resistance, Bitcoin’s outlook hinges on the integrity of a multi-year ascending trendline. The support has held since 2023.

What do analysts say about the price action?

“BTC’s 27% slide from ATHs erased nearly all 2025 gains, with a weekly close below $100k and the 50W MA breach confirming a cautious tone,” QCP analysts noted.

Bitcoin price now risks breaking below the trendline support.

Weekly RSI and MACD show weakness, with RSI at 40 and downsloping and MACD having the histogram strengthening in negative territory after a bearish crossover.

Bitcoin Price Chart
Bitcoin price chart by TradingView

The RSI on the daily time frame also shows the price is not in oversold territory yet.

While it means bulls could see a sharp reversal, it does leave room for bears.

In this case, BTC could face major weakness and allow for a potential revisit of lows around $90,000-$85,000.

The next buffer could be around the $78,000-$71,000 region.

However, a bullish pivot could materialise if sellers exhaust near the trendline.

Notably, Bitcoin’s short-term holder supply in loss has hit levels last seen in 2022 during the FTX crash.

But analysts say this could be a buying opportunity.

A reclaim of $95,000 as nascent support, with moves such as those of Saylor’s Strategy, could unlock retests of recent highs above the 50 EMA.

The first key hurdle above this mark could be around $104,504. Bullish catalysts will include fresh exchange-traded funds inflows, Fed rate cut and dovish rhetoric, among others.

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Crypto loopholes across Canada enable silent cash transfers

  • A Toronto outlet handed over $1,900.00 in cash using only a $5 bill for verification.
  • Ukraine-based exchange 001k offered to deliver $1,000,000.00 in cash in Montreal.
  • Over 20 crypto-to-cash services were found operating unregistered across Canada.

A report by CBC has revealed how Canada is witnessing the rise of unregulated crypto-to-cash services that enable large-scale anonymous financial transfers.

These operations not only bypass anti-money laundering laws but also establish an untraceable money trail that financial intelligence agencies are unable to track.

Across cities from Toronto to Montreal, crypto platforms are facilitating discreet cash handovers worth thousands and even millions, without requiring any identification from users.

Despite rules that demand full verification for transactions over $1,000.00, services continue to hand over cash using only minimal confirmation.

Experts have raised alarm over the role of these services in enabling potential money laundering, illicit trade, and financial crime.

Investigative efforts have now revealed how this silent financial movement is escaping oversight in plain sight.

Crypto-for-cash deals avoid ID checks

In one midtown Toronto branch of a registered money transfer business, a $1,900.00 cash pickup was arranged through encrypted messages using the Telegram app.

The only verification required was a photo of a Canadian $5 bill.

The customer, who had earlier transferred 2,000 tether tokens to Ukraine-based crypto exchange 001k, showed the physical bill and received $100 notes from the teller with no further questions.

Such transactions breach Canada’s anti-money laundering regulations, which require personal identification and transaction documentation for any transfer exceeding $1,000.

The company later claimed that the arrangement had been made by a rogue manager using personal funds off the official books.

The teller involved, they said, acted without knowledge of the transaction’s real nature.

001k is not registered with FINTRAC, the Canadian financial intelligence agency, and therefore is not legally permitted to conduct business with Canadians.

Yet the transaction went ahead and passed under the regulatory radar.

Platforms offer million-dollar handovers

The same pattern was uncovered in Montreal.

Journalists engaged in anonymous conversations with crypto services, including 001k and another unnamed provider.

Both offered to deliver $1,000,000.00 and $890,000.00 in cash, respectively, in exchange for tether sent to designated wallets.

No identification was asked for at any stage.

These platforms operate online, contactable via web directories and Telegram channels.

Many advertise in plain sight and offer face-to-face cash deals in locations ranging from Halifax to Vancouver.

According to experts, more than 20 such services were found in Canada, most operating without proper registration or regulatory checks.

Despite Canada’s attempt to regulate the sector through FINTRAC, enforcement remains limited.

The agency oversees over 2,600 registered money service businesses, but lacks the resources to track unregistered and underground operators.

A growing global laundering channel

Crypto analysis firm Crystal revealed to CBC that crypto-to-cash services in Hong Kong alone processed $2.5 billion in 2024.

Canada’s rapidly growing market could mirror that figure if enforcement continues to lag.

With the rise of digital tokens like Bitcoin, Ethereum, and Tether, it has become easier for money to move across borders and be converted into untraceable cash.

Law enforcement depends on access to user identity at the point where crypto enters or exits the system.

When transactions are carried out without registration, those points vanish, and the blockchain’s transparency becomes meaningless.

Investigators lose visibility once digital assets are converted into physical currency anonymously.

The flexibility of these services creates risk.

Anyone can now move large sums in or out of Canada without detection, including organised crime networks and individuals involved in illegal activity.

Without active compliance monitoring, these transactions take place without leaving any traceable connection.

Canada struggles to enforce crypto regulations

Canadian regulators are under-equipped to deal with the scale of the problem.

Crypto platforms can connect users in seconds, bypassing traditional financial systems and enabling instant access to large volumes of cash.

FINTRAC’s oversight is stretched, and its inability to track foreign operators or monitor encrypted platforms like Telegram leaves a major gap in financial security.

The use of small signals, like a $5 bill serial number, to validate multi-thousand-dollar exchanges highlights just how far removed these services are from compliance.

Unless significant regulatory action is taken, Canada could continue to serve as a silent hub for crypto cash transfers that avoid scrutiny, recordkeeping, and legal obligations.

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Ripple price forecast: Will XRP reclaim $2.5 soon?

Key takeaways

  • XRP is down 11% in the last seven days and risks dropping below $2.0 soon.
  • The bearish performance comes despite the recent launch of the spot XRP ETF.

XRP continues to underperform

XRP, the native coin of the Ripple ecosystem, faced intense selling pressure at key support levels in recent days, as the broader crypto market continues to underperform. 

The coin has lost 11% of its value over the last seven days. The decline comes amid a backdrop of mixed institutional signals and heightened macro uncertainty. The crypto market remains trapped in a medium-term downtrend, with sentiment currently in the fear zone amid growing volatility for Bitcoin and others. 

XRP’s price failed to react despite Canary Capital’s newly launched U.S. spot XRP ETF (XRPC) registering $58.6 million in first-day volume, surpassing the $17 million analysts had predicted.

Despite the strong start by the ETF, derivatives markets flashed stress signals, with XRP losing the $2.5 key support level. The bearish performance resulted in $28 million worth of XRP long positions being liquidated in the market over the last 48 hours. 

XRP could dip below $2.0 if the current support level fails

The XRP/USD daily chart is bullish and efficient despite XRP’s poor performance in recent weeks. The coin’s price faced rejection from the 50-day EMA at $2.49 last week and has lost 11% of its value since then. It is now trading above $2.27 per coin. 

XRP/USD Daily Chart

If the recovery efforts intensify, XRP could rally towards the next major resistance level and 50-day EMA at $2.55. The RSI on the daily chart is 42, near its neutral level of 50, suggesting fading bearish momentum. The RSI will need to move above the neutral 50 for XRP to record a sustainable recovery. The MACD lines also remain within the bearish region, indicating that the sellers have not given up control of the market. 

However, if XRP continues its bearish correction, it could drop below the $2.0 psychological level and retest the next daily support at $1.96.

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