Coinbase Explains Why Bitcoin Price Dumps With Whale Selling Pressure

Bitcoin’s latest drop stems from structural strains, Coinbase Institutional explained, as weakening trend signals, thinning liquidity, whale selling and ETF outflows pressured the market despite normally supportive easing monetary conditions. Market Volatility Rises as Bitcoin Breaks Support With Liquidity Compression Coinbase Institutional, a division of crypto exchange Coinbase (Nasdaq: COIN), explained on social media platform…

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Bitcoin November blues may flip to December cheers: Coinbase

Coinbase Institutional released its monthly outlook report on Wednesday, indicating that conditions may favor a market reversal in December following Bitcoin’s underperformance in November. Summary Bitcoin underperformed in November, falling more than three standard deviations below its 90-day average, while U.S. equities saw milder declines. Market conditions may favor a December reversal, as the end…

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Connecticut targets Kalshi, Robinhood, and Crypto.com for offering illegal sports wagers

Key Takeaways Connecticut ordered Robinhood, Crypto.com, and Kalshi to stop unlicensed online sports wagering. The platforms’ activities exposed consumers to risks due to lack of state oversight and protections. Share this article Connecticut has taken enforcement action against KalshiEX, Robinhood Derivatives, and Crypto.com, directing the companies to cease offering illegal sports betting products in the…

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