Author: Kelvin Munene
Kelvin Munene
Kelvin Munene is a crypto and finance journalist with over 6 years of experience in market analysis and expert commentary. He holds a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University and is known for meticulous research in cryptocurrency, blockchain, and financial markets. His work has been featured in top publications including Coingape, Cryptobasic, MetaNews, Coinedition, and Coincentral. Kelvin specializes in uncovering emerging crypto trends and delivering data-driven analyses to help readers make informed decisions. Outside of work, he enjoys chess, traveling, and exploring new adventures.
Bitcoin has fallen 0.82% to USD 81,756.76 over 24 hours as losses in US technology stocks, Bitcoin ETF withdrawals, and forced selling weighed on the cryptocurrency. The latest decline followed a broad sell-off in U.S. technology stocks on October 22. The Nasdaq Composite dropped 2.6%, while the S&P 500 lost about 1.2%. Investors reduced exposure to technology companies after fresh earnings reports raised questions about spending on artificial intelligence. Meta was among the companies facing selling pressure. Its third-quarter earnings release put planned 2026 capital spending at USD 135 billion to USD 145 billion, up from a previous range of…
AAVE recovered above USD 150 on October 21, rising 5.45% in 24 hours to USD 156.63 as traders assessed Citi Research’s outlook for lending against tokenized assets. The rebound followed a drop below USD 150 on October 20, when the token traded as low as USD 147.37. Citi Sees a Role for Tokenized Collateral Lending In an October 19 research note circulated on October 20, Citi analysts Peter Christiansen and Aditi Balachandran identified collateral mobility as a possible use for tokenization. Their analysis examined how lending platforms could let investors borrow against digital versions of bonds, funds and other financial…
Bitcoin climbed above USD 82,500 as China’s economy grew 4.5% in the third quarter, beating forecasts. Stronger economic data and falling oil prices supported global markets, lifting South Korea’s Kospi and Nasdaq futures. However, Bitcoin faced resistance near USD 85,000 amid continued ETF outflows.
Bitcoin rebounded above USD 82,000 after briefly falling below USD 80,000 as markets recovered from hotter-than-expected U.S. inflation data. Meanwhile, Google Gemini AI outlined a possible USD 175,000 Bitcoin price by January 2027, although the scenario depends on major institutional purchases and government policies that remain uncertain.
Tether reportedly paid USD 6.3 million to a consulting firm co-owned by former White House crypto adviser Bo Hines while he helped advance the GENIUS Act. The payments have raised questions about potential conflicts of interest, although the firm denies Hines participated in its Tether dealings during his government service.
Bitwise CIO Matt Hougan sees signs of a possible crypto recovery after its large-cap index surged 46.4% in Q3. Bitcoin ETF inflows reached $6 billion, while tokenized stocks and decentralized trading expanded, raising hopes of a new bull market.
Bitcoin rebounded toward USD 84,000 after falling near USD 81,000, despite over USD 800 million in crypto liquidations and a sharp decline in South Korean tech stocks. The recovery came amid continued Bitcoin ETF outflows, with traders watching the USD 84,000 resistance level and upcoming U.S. inflation data.
Sam Altman-backed Bitcoin insurer Meanwhile has raised USD 37.5 million in funding led by Bain Capital Crypto, bringing its total funding to over USD 180 million. The Bermuda-based company plans to expand its Bitcoin life insurance services across international markets, targeting wealthy clients.
A 66-year-old Pune trader lost Rs. 5.42 lakh after suspects promised daily USDT profits through a fake trading platform. They later demanded Rs. 7.39 lakh to release his funds and stopped responding when he could not pay, prompting a police complaint.
Bitcoin fell 1.13% to USD 82,980.21 as rising Treasury yields, higher oil prices and crypto liquidations pressured prices. Glassnode reported limited fresh buying and increased profit-taking by recent holders, with U.S. inflation data due October 14.