Bitcoin Day

What is the death cross?

A death cross occurs when a shorter moving average crosses below a longer moving average. For example, when the 50-day moving average falls below the 200-day moving average. This indicates that the short-term trend is much weaker than the long-term trend, and therefore the market can be considered bearish.

Once the crossover occurs—this applies to both the golden cross and the death cross—we need to confirm the new trend. One of the methods suggested by technical analysis is trading volume. Every trend reversal is supported by an increase in buying or selling volume.

According to Santiment, the number of wallets holding at least 10,000 tokens of token #XRP increased as its price fell 30% over seven weeks. The company interpreted this divergence as a sign of accumulation, noting that US$1 was emerging as support, or a floor to defend.

If the price manages to consolidate and hold support around US$1, and accumulation by large wallets continues alongside stabilization in the broader market, it could prompt a technical rebound toward higher resistance levels, in the US$1.10 to US$1.15 range.

💥The #Bitcoin on the 📉 1-day chart shows a possible death cross. If it occurs, the price could fall below US$70,000. ☠🩸🐻

💥The Central Bank of Russia reported that exchanges can begin trading cryptocurrencies starting November 17. The regulator has limited the list of permitted assets exclusively to #Bitcoin , #ETH , and #USDT .

💥The U.S. Consumer Price Index came in at 0.4% versus expectations of 0.3%, representing a hotter-than-expected reading. This reduces the likelihood of rapid interest rate cuts.

💥Economist and crypto skeptic Peter Schiff said it’s time to sell the #Bitcoin before it crashes. And here I am waiting for it to crash so I can buy...😅

💥The CEO of #Nvidia , Jensen Huang, had an affair with former Megaspeed executive Alice Huang, who has been accused of being a Chinese spy. That scandal cost the company US$270 billion...😅

💥More than US$1 billion has been liquidated from the crypto market in the last 10 minutes after #Bitcoin fell back below US$74,000. 🩸🐻🍅🐻‍❄️

💥The open-source Lightning Network wallet and payments platform, #LNbits , issued an emergency shutdown warning after receiving multiple reports of security breaches. Operators were ordered to disconnect their servers immediately.

According to Santiment, only one wallet holding the #XRP token had a long position, while three active short traders had accumulated around 2.1 million XRP since late October. A trader on Santiment’s Score Arena test platform made a bearish forecast, projecting that the price of XRP would fall toward US$0.99. The prediction is scheduled to resolve by November 19, 2026.

In the days after the forecast was published, the price of XRP fell, giving short sellers an early advantage and prompting debate over whether this provisional success reflected an accurate reading of the market or was driven by the broader market downturn.

💥The low-cap token #JCT rose more than 430% in a single daily candle. 🚀 🔥

The seven largest companies in #IA have committed to US$4.5 trillion in future data center leases and purchase agreements that do not appear as debt on their balance sheets. These trillions of dollars are not traditional bank loans that have already been disbursed, but long-term contractual obligations signed by big tech companies.

If AI growth slows or expected profitability fails to justify such a massive deployment of capital, these commitments will instantly become rigid, unavoidable fixed costs. Unlike tradable debt or discretionary capital expenditures, a 20-year lease or a commitment to purchase chips requires million-dollar cash flows regardless of whether the computing capacity can actually be sold.

💥China's government pledges to strengthen support for its stock market and improve stability. That's a liquidity injection into the market, which could have a positive impact on #Bitcoin ...✨

💥The president of #Paraguay , Santiago Peña, has resigned following the collapse of bank #Ueno . The bank went bankrupt, freezing the accounts of nearly 60% of the country's adults and more than US$380 million in state pension funds. Nothing like #Bitcoin ...💘

The largest cryptocurrency exchange in #Brasil , Mercado #Bitcoin , will begin restoring access to accounts next Monday after its US$46 million hack and promises to cover customers’ losses with company funds.

The cryptocurrency ecosystem managed to track and freeze more than US$15 million of the total stolen in collaboration with stablecoin issuers such as Tether and Circle. In addition, the exchange’s liquidity was bolstered by a US$20 million investment from Tether.

💥#Bitcoin surges to US$80,000 after US$320 million in short positions were liquidated in the cryptocurrency market in just 30 minutes.

💥The U.S. Treasury Department will buy back up to US$6 billion of its own 10- to 20-year bonds today to support market liquidity. This is why Trump got trounced in the election...😅

According to the Financial Times, the #hackers behind last week’s US$6.3 billion theft from #Binance could need months to launder the stolen cryptocurrency, with approximately US$3.3 billion still under their control. Laundering such large amounts without crashing the value of the stolen tokens or triggering immediate alerts means breaking transactions into small amounts over an extended period.

To conceal the trail of most transactions, the hackers are turning to cryptocurrency mixers, decentralized finance, and OTC desks. The FBI and international agencies are actively monitoring the addresses of the wallets involved to ask exchanges to block any deposit attempts.

🚨The largest cryptocurrency exchange in #Brasil , Mercado #Bitcoin , suspends deposits and withdrawals after allegedly being #hackeada for more than US$40 million.

💥The #Binance exchange reported net outflows of US$3.64 billion after activating withdrawals. That represents 2.1% of the US$171 billion in total assets under management by the exchange.