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Bitcoin’s recent relief rally appears to be losing steam as bearish momentum resurfaces, putting the cryptocurrency’s key $87.5K support level back in play, according to several market analysts monitoring price action this week. After briefly recovering above the $90,000 zone, Bitcoin has struggled to attract sustained buying interest. Analysts note that weakening market momentum, declining trading volumes, and renewed selling …

Malaysia is reeling from a colossal RM4.6 billion ($1.1 billion) hit to its national power grid, as illicit cryptocurrency mining syndicates siphon electricity on an industrial scale, according to a bombshell parliamentary disclosure from the Ministry of Energy and Water Transformation. From 2020 to August 2024, authorities uncovered 13,827 premises hijacking power for Bitcoin and altcoin rigs, bypassing meters and …

BlackRock’s flagship iShares Bitcoin Trust (IBIT) grappled with its largest single-day outflow ever on Tuesday, as investors yanked $523 million—equivalent to about 5,700 BTC—amid a brutal crypto market rout that saw Bitcoin crater below $90,000 for the first time since April. The exodus, tracked by SoSoValue, eclipsed the prior record of $463 million set on November 14, amplifying a monthly …

In a escalating clash over cryptocurrency’s national security risks, Democratic Senators Elizabeth Warren (D-MA) and Jack Reed (D-RI) have demanded a federal investigation into World Liberty Financial (WLFI), the Trump family-backed DeFi platform, for allegedly selling governance tokens to illicit actors tied to North Korea and Russia. The November 12 letter to Attorney General Pam Bondi and Treasury Secretary Scott …

Crypto exchange Kraken has secured a $200 million strategic investment from Citadel Securities, catapulting its valuation to $20 billion in a landmark deal signaling Wall Street’s accelerating embrace of digital assets. This infusion, part of an $800 million total raise across two recent tranches, positions the Wyoming-based platform for aggressive global expansion ahead of its anticipated 2026 IPO. The Citadel-led …