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Some have previously suggested that SpaceX was simply transferring bitcoin in an effort to consolidate its holdings.

Bitcoin’s 4% move higher ahead of Thanksgiving has plenty of bulls counting their blessings.

Bitcoin critic Krugman says it’s no coincidence that BTC is down, just as crypto-friendly President Trump stumbles in the polls.

The firm noted that exchange activity in ETH and altcoins also remained elevated, putting further downward pressure on prices.

The digital asset broke $90,000 on Wednesday afternoon, mirroring stocks which also posted strong gains on the eve of Thanksgiving.

On today’s episode of CNBC Crypto World, digital currencies rise alongside gains on Wall Street. Plus, Robinhood acquires a prediction market platform formerly owned by FTX. And Cosmo Jiang of Pantera Capital breaks down the main drivers for the crypto market after the recent sell-off.

S&P Global Ratings has downgraded Tether’s USDT, warning that the industry-leading stablecoin could suffer if Bitcoin’s price crashes.

Launched in 2013, Xapo also offers bitcoin-backed U.S. dollar loans of up to $1 million and interest-bearing bitcoin and fiat accounts.

A bitcoin sell-off driven by investors that bought BTC at a premium will likely put pressure on the asset through the year’s end, according to Compass Point.

Strategy’s mNAV fell to 0.87, meaning the company is worth less than the Bitcoin it owns. Analysts say it reflects lower Bitcoin performance expectations, not structural problems. The extreme premiums DATs commanded over the summer were unsustainable.