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Support is growing for a Bitcoin proposal that would temporarily limit the amount of data embedded in transactions, as a debate over network spam and node decentralization intensifies.
Key Takeaways:
Bitcoin Improvement Proposal 110 (BIP-110) is currently signaling support from 583 nodes, or about 2.38% of the network, according to data from The Bitcoin Portal.
Out of roughly 24,481 reachable nodes, those backing the proposal are primarily running Bitcoin Knots, an alternative node implementation often favored by operators critical of recent changes to Bitcoin Core.

https://cryptonews.co

A controversial Bitcoin development proposal to permanently eliminate Ordinals inscriptions and Bitcoin Stamps has sparked fierce debate within the developer community.
The draft, known as “The Cat,” would mark millions of dust-sized outputs containing NFT data as permanently unspendable through a consensus-level soft fork.
The proposal targets what its author, Claire Ostrom, describes as an unprecedented explosion in Bitcoin’s UTXO set.
Between 2009 and early 2023, the UTXO database grew gradually to roughly 80-90 million entries.

https://cryptonews.com/new...

Bitcoin may be holding slightly below $90,000, but data imply that the $100K year-end target is still alive as ****** ysts point out that three Bitcoin Price Prediction indicators are flashing a green signal.
The first and most critical driver is the shift in Federal Reserve monetary policy.
After months of reducing liquidity through quantitative tightening, where the central bank stopped reinvesting proceeds from maturing bonds and Treasury holdings, the Fed ended this program on December 1.
Markets are now positioning for an easing cycle.

https://cryptonews.com/new...

The crypto market is bleeding as leveraged liquidations intensify, sending Bitcoin back below $90,000.
Analysts are warning that if bulls fail to defend the critical $84,000 support level, Bitcoin’s price prediction could tilt into a full-blown bear market.
Over the last four hours, more than $200 million in leveraged positions have been liquidated across the crypto market.
Bitcoin is down over 3%, while Ethereum has plunged over 4%. The bloodbath has wiped out over $100 billion in total market capitalization today.

https://cryptonews.com/new...

[LIVE] Bitcoin Price Watch: September PCE Inflation Hits 2.8% as Expected—Will F...

According to The Kobeissi Letter, the S&P 500 surges +0.5% as Core PCE inflation unexpectedly falls to 2.8%, now just 30 points away from a new record high.
The Letter noted: "The S&P 500 has now added +$3.3 TRILLION since the November 21st low. Those who ignored the noise are winning. **** et owners are winning."
Core PCE came in at 2.8% versus 2.9% expected, with the softer-than-expected reading fueling risk **** et gains as December Fed rate cut odds hold at 88.8%.

https://cryptonews.com/new...

Bitcoin staged a sharp rebound this week, climbing nearly 8% in a single day as ***** ysts pointed to signs that a local bottom may already be in.
Key Takeaways:
In a note released Tuesday, Bitfinex said the market is showing “seller exhaustion” following a period of heavy deleveraging and panic-driven exits by short-term holders.
“The combination of extreme deleveraging, capitulation among short-term holders, and early signs of seller exhaustion has created the conditions for a stabilisation phase and a relief bounce,” the firm wrote.

https://cryptonews.com/new...

Good morning, Asia. Here’s what’s moving before the bell.
Asian markets opened stronger on Wednesday, with traders leaning back into risk ***** ets as Bitcoin held near $87,000 and investors doubled down on the idea that the US Federal Reserve will cut interest rates in December.
Stocks across the region tracked Wall Street’s rebound. MSCI’s gauge of Asia-Pacific shares outside ***** an rose about 1% in early trade, while ***** an’s Nikkei jumped around 1.8%.
US equity futures added to the upbeat tone with modest gains, building on the prior session’s climb.

https://cryptonews.com/new...

Bitcoin traders turned noticeably more optimistic on Friday after the probability of a US Federal Reserve rate cut in December nearly doubled within 24 hours, injecting fresh hope into a market that has been sliding for weeks.
Key Takeaways:
The shift in expectations has already sparked speculation that a policy pivot could help Bitcoin stabilize after its latest downturn.
Bitcoin is trading around $85,071, down more than 10% over the past week, according to CoinMarketCap.

https://cryptonews.com/new...

Recent Bitcoin (BTC) price swings have been unsettling for short-term traders, prompting some to question whether the market is undergoing a temporary correction or entering a prolonged downturn.
However, for long-term retirement investors—particularly those using Bitcoin IRAs—price dips can offer strategic entry points rather than reasons for concern.
Jonathan Rose, CEO of BlockTrust IRA, told Cryptonews that downturns often create the most compelling opportunities. He noted that the recent crypto pullback resulted in one of the busiest weeks ever for BlockTrust IRA, a U.S.-based platform t

Bitcoin Dip Supercharges Demand for Crypto Retirement IRAs

Recent Bitcoin (BTC) price swings have been unsettling for short-term traders, prompting some to question whether the market is undergoing a temporary correction or entering a prolonged downturn.
However, for long-term retirement investors—particularly those using Bitcoin IRAs—price dips can offer strategic entry points rather than reasons for concern.
Jonathan Rose, CEO of BlockTrust IRA, told Cryptonews that downturns often create the most compelling opportunities. He noted that the recent crypto pullback resulted in one of the

Bitwise Chief Investment Officer Matt Hougan is urging investors to look past Bitcoin’s sharp pullback, arguing that the cryptocurrency’s long-term value has little to do with its recent slide and everything to do with the service it provides.
Key Takeaways:
In a memo sent to clients late Tuesday, Hougan dismissed concerns about a deeper downturn, saying the current drop, roughly 27.5% from Bitcoin’s October all-time high, is “short-term noise.”
Bitcoin briefly dipped below $90,000 this week, prompting renewed questions from investors about what underpins its value.

https://cryptonews.co

BREAKING:
China keeps benchmark lending rates unchanged!

• 1-Year LPR stays at 3.0%
• 5-Year LPR at 3.5%, following last month's cut
Key move to watch for future economic policy signals!

#China #economy #LPR #InterestRates #economy #MarketWatch #cryptonews

NewsPicks AI: OpenAI just fixed ChatGPT's most annoying business problem: meet the PDF export that changes everything - https://newspicksai.com/ne...
#newspicksai #news #ainews #technologienews #globalnews #worldnews #ainews #sciencenews #cryptonews

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