Author: James Wilson
Investors are scaling back on risk assets amid declining hopes that the Federal Reserve will cut rates before the end of the year. Summary The crypto market crash affected most major crypto assets. The likelihood of December rate cuts has fallen to just 33%. Bitcoin could fall to 75,000 if macro conditions further worsen The crypto market is facing another sharp sell-off today amid deteriorating macro conditions. On Thursday, November 20, Bitcoin fell 2.52% to $86,585, its lowest level since April. Ethereum (ETH) fell to $2,818, erasing all its gains since July. Altcoins demonstrated even greater volatility. Solana price went…
Tokyo-listed Metaplanet plans to issue Class B perpetual shares worth $135 million to expand its Bitcoin reserves. Summary Metaplanet announced issuing about $135 million in shares to buy Bitcoin Class B shares will have no voting rights, but will have redemption at listing The firm currently owns 30,823 Bitcoin, worth about $2.69 billion As corporate Bitcoin adoption strengthens worldwide, one Metaplanet is taking an increasingly aggressive approach. On Thursday, November 20, the Tokyo-listed Bitcoin treasury firm announced the issuance of 23.61 million Class B Preferred Shares, valued at about $135 million. The firm will use the proceeds of these sales…
Solana price has returned to the key $131 support zone, a level that previously triggered a strong rally. With buyers stepping back in, momentum may be shifting toward a short-term recovery. Summary Market sentiment around SOL is stabilizing as dip-buying activity increases Trading behavior shows signs of renewed confidence from short-term participants Momentum could shift quickly if buyers regain control at this structural level Solana (SOL) price is once again interacting with the important $131 support region, a structural level that has played a major role in recent market reactions. The previous time Solana tested this zone, buyers quickly stepped…