BizwavemediaPersonal Finance and Crypto Updates

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Coinbase Bitcoin Premium turned positive, indicating renewed buying activity from US-based institutions after an extended period of negative sentiment. The premium tracks Bitcoin’s price difference on Coinbase compared to other global exchanges, serving as a key gauge for US investor demand.

The metric functions as a market indicator that reveals when US participants are paying higher prices for Bitcoin relative to international platforms. When positive, it typically signals increased institutional buying pressure through the US-based exchange.

The shift to positive territory marks a reversal from the prolonged negative phase that had characterized the premium recently. This change suggests US institutions have resumed accumulating Bitcoin positions, reflecting improved investor confidence in digital assets.

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Bitcoin dominance has dropped to the 23.6 Fibonacci retracement level, falling to 59% and continuing a decline that began in early November, potentially signaling the start of an altcoin rotation as the leading cryptocurrency’s market share pulls back from recent highs.

The pullback in Bitcoin dominance follows a rejection at a major resistance zone, with the current level representing a key technical threshold that traders monitor for market rotation signals.

Bitcoin dominance tracks the cryptocurrency’s market capitalization relative to the broader crypto market. A decline in this metric typically indicates liquidity shifting away from Bitcoin toward alternative digital assets.

The current retreat to the 23.6% Fibonacci level suggests early-stage rotation into altcoins, as lower dominance levels historically correlate with increased investment flows into non-Bitcoin cryptocurrencies.

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CME Group, the world’s leading derivatives marketplace, on Friday halted futures trading on its Globex platform due to technical issues involving overheating problems at datacenters.

The disruption affected access to futures quotes and positions in commodities including precious metals, agricultural products, and other asset classes. The technical problems impacted trading operations across CME Group’s futures and options markets.

The timing proved particularly notable as the halt coincided with expectations of significant activity in silver and gold futures, with precious metals positioned for potential upward movements when the technical issues occurred.

CME Group provides a diverse range of futures and options products focused on risk management across various asset classes including agriculture and precious metals through its derivatives marketplace.

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Arthur Hayes, a prominent crypto analyst, forecasts that Bitcoin will likely maintain support around $80,000 as the Federal Reserve approaches potential policy changes.

Hayes anticipates that improved liquidity conditions and stabilizing bank loan trends may influence the Fed’s monetary policy decisions. The central bank has been implementing quantitative tightening to manage economic stability, but analysts expect this approach to shift soon.

Recent social media discussions highlight Bitcoin’s price sensitivity to global liquidity conditions and central bank policies. Hayes has previously emphasized how shifts in USD liquidity and Fed actions could influence Bitcoin’s price trajectory.

For now, Hayes suggests that while a brief dip into the low-$80,000s remains possible, the macro backdrop favors a strong defense of the $80,000 level. He notes that incremental liquidity improvements, combined with expectations of a softer Fed stance, could provide the foundation for a renewed upward move as the market heads toward the new year.

California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the US by assets, has seen a drawdown in its first exposure to Strategy (MSTR).

According to a recent SEC disclosure, the fund acquired 448,157 MSTR shares for over $144 million in the third quarter. The position is now valued at $80 million.

However, the investment represents a tiny portion of CalPERS’ total portfolio. The fund manages over $550 billion worth of assets as of the latest data.

Strategy stock closed Wednesday at about $175 and is down 45% so far this quarter, per Yahoo Finance. The slump reflects MSTR’s correlation to Bitcoin’s recent price swings and risk-off conditions.

Moreover, negative sentiment tied to JPMorgan’s warning about potential outflows if the stock is excluded from major benchmarks like MSCI also weighed on its recent decline, though many in the crypto community argue that the bank was simply spreading FUD because it had opened a short position.

JPMorgan disclosed a mix of equity and derivatives exposure to Strategy, holding common shares alongside sizable call and put option positions in Q3.

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Digital asset investment products experienced around $1.9 billion in outflows last week, bringing the four-week total to $4.9 billion amid continued market pressures, according to CoinShares Research.

The sustained withdrawals reflect ongoing monetary policy uncertainty and heavy selling from crypto whales, contributing to weak market momentum across the sector.

Bitcoin and Ethereum products bore the brunt of major withdrawals, while other funds attracted inflows as investors sought diversification strategies.

The extended outflow period has coincided with declining interest in crypto exchange-traded funds, as market volatility continues to impact investor sentiment toward digital asset exposure through traditional financial vehicles.

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Bank of Japan officials are signaling a potential interest rate hike at their December policy meeting, sources familiar with the matter told Reuters. The central bank appears to be preparing markets for a possible rate adjustment as policymakers weigh economic data and currency developments.

Governor Kazuo Ueda has emphasized the need for additional data on wage growth trends while highlighting how a weakening yen could influence underlying inflation. The recent yen depreciation is factoring into the Bank of Japan’s considerations for a possible rate hike to address inflation effects.

Board member Junko Koeda has indicated the possibility of an imminent rate hike by pointing to the necessity of policy normalization in response to the yen’s recent decline. Bank of Japan officials are tweaking messaging to prepare markets for potential rate changes, with emphasis on data-driven decisions for December.