Bitwise Bitcoin Strategy Optimum Roll ETF

BITC

Market cap $16.3M

Markets are pointing to a higher open after stocks started December lower. Bitcoin has seen recent volatility; Kevin Green sees support around the $82,000 level, although traders have been selling any recent rally.

The S&P 500 may need a crypto comeback to make a run at its record high.

Governments increasingly are using cryptocurrency to gain geopolitical power and independence from the dollar.

Ed Engel, Equity Research Analyst at Compass Point, says Bitcoin's drop is a normal leverage unwind, long-term holders remain strong, institutional buying continues, and investability depends on disciplined

Bank of America Corp (NYSE:BAC) has decided its wealthy clients are finally grown-up enough for crypto

November was a whirlwind month for cryptocurrencies, and it seems that volatility is carrying over into December with Bitcoin posting its worst single day decline since March yesterday. Meanwhile, the head of the U.K.'s budget watchdog resigned after the OBR accidently released its report ahead of Chancellor Rachel Reeves' budget last week.

Bitcoin and Ether were steadying Tuesday but positions in the derivatives markets suggest that traders are preparing for another big drop.

Almost $1 billion of leveraged crypto positions were liquidated during another sharp drop in prices on Monday that brought fresh momentum to a wide-ranging selloff. The market is on shaky ground after a weeks-long rout.

Bitcoin's retracement after stabilizing late last week has reintroduced fragility and volatility, said trading firm Zerocap.

Technical analysis suggests bitcoin could be set for a short-term reversal as early as Tuesday, signaling the recent decline may be approaching its end.