CoinDesk

Bitcoin recaptured $87,000 on Tuesday as improving risk appetite and a strong equities session helped lift major altcoins.

The Japanese company executed new borrowing as part of its expanding bitcoin focused funding strategy.

A sharp drawdown has pushed BTC towards heavy put positioning at $80,000 ahead of Friday’s expiry.

Derivatives metrics show rising bearish positioning followed by a sharp reduction in open interest, while price recovery hints at early squeeze dynamics.

Bridgepoint did not disclose the financial terms of the deal. Sky News cited a figure of 200 million pounds ($262 million).

Monad’s listing illustrates how low-float launches can anchor valuation even when macro conditions point in the opposite direction, leaving traders mispricing outcomes that hinge more on supply than on sentiment.

Japan’s Financial Services Agency is set to require digital asset exchanges to maintain liability reserves to protect users.

The registration comes as Australian regulators tighten scrutiny on offshore crypto platforms, with ASIC stating that many digital assets may require licensing to operate.

ETF analysts characterized the launch as another major inflection point for memecoin legitimacy, with early volume estimates near $11 million.

Technical indicators suggest a bullish trend, with XRP testing a major descending channel that could lead to further gains.

The strategy bets on a measured rally into the year-end, rather than a record-breaking surge.

Rising odds of a Fed pivot helped calm crypto markets, while QCP and Glassnode point to a reset in leverage, fading sell pressure, and early signs of a bottoming structure as traders hedge both downside and late-year upside.

Traders now see a December rate cut increasingly likely, following fresh comments from San Francisco Fed President Mary Daly.

FIL broke out on heavy volume as technical momentum accelerated past critical threshold levels.

The U.S.-listed wallet provider is acquiring W3C Corp, the parent company of crypto card and payments firms Baanx and Monavate.

Recent developments include the launch of Confidential Compute Open Network (COCOON) and the integration of tokenized US stocks and digital collectibles.

A surge in institutional and retail demand has pushed CME’s crypto average daily volume up 132% year-over-year, with open interest climbing 82%.

The recovery lifted BNB above multiple resistance zones, but the relatively low volume behind the move may limit follow-through as traders watch the $870 level.

The event is being called its biggest software upgrade yet, which boosts the network’s capacity and improves token economics.

Network fundamentals improved alongside price action as token demonstrated resilience following recent consolidation period.

Volume surge validates advance despite token’s underperformance versus broader crypto market rally.

With XRPZ debuting on NYSE Arca, Franklin becomes the latest financial heavyweight betting on crypto’s future in global payments.

The price of bitcoin jumped back above $87,000 and crypto miners with a focus on AI/high-performance computing are surging.

The advance occurred alongside a rally in data center and high-performance computing stocks.

Soft demand, low volume and concerns over token distribution weighed on early market sentiment.

The $0.1495 resistance level remains a significant barrier, while $0.144 serves as the last short-term support.

The bitcoin price drop to $80,000 last week reflected a mix of macro pressure, fading regulatory momentum and thinning liquidity that has tested bitcoin’s maturity.

Traders should watch for potential breakdowns below $2.03, which could lead to further declines toward $1.91.

Tom Lee’s company increased its crypto holdings last week despite sitting on around $4 billion in unrealized losses on its ETH bet.

Cronos (CRO) was also a top performer, rising 9.7% over the weekend.