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Bitcoin may have hit bottom; Galaxy Digital says it sees signals the low has passed

An analysis said bitcoin is likely to have already passed its low. Alex Thorn, head of research at crypto investment firm Galaxy Digital, cited bitcoin\'s recovery of its 50-week moving average and its ability to hold near $80,000 as evidence. He also pointed to muted crowd psychology and a shift in investor composition based on 13F filings, with hedge funds declining and sovereign wealth funds and asset managers increasing participation.

Crypto

After Binance hack, where the industry sees a safe haven for cryptocurrencies

After the Binance hack involving about $6.3 billion, debate has grown among cryptocurrency investors over where to buy and store assets safely. Some compare risks and protections across centralised exchanges, decentralised finance, self-custody wallets and digital asset ETFs and ETPs. Experts cited by Cryptopolitan said ETFs and ETPs can offer operational support and added safeguards, while others expect flows to DEXs. Critics also warn DeFi and regulated exchanges do not guarantee safety.

Crypto

XRP ETF draws inflows despite sharp drop, led by Franklin and Bitwise

XRP spot exchange-traded funds pulled in $8.43 million on Oct. 29, their biggest daily net inflow in October, ending four straight sessions of net outflows. Franklin Templeton’s XRPZ accounted for $5.57 million and the Bitwise XRP ETF added $2.86 million, while other products saw no flows. October cumulative net inflows stood at about $19.33 million, down 84% from September.