Bitcoin’s Resilience and Strategic Expansion Signal Bullish Future

American Bitcoin's remarkable Q3 2024 turnaround, with a $3.5 million net profit and revenue soaring to $64.2 million from $11.6 million year-over-year, underscores a powerful resurgence in the cryptocurrency mining sector. This performance, achieved despite broader crypto price softness, highlights significant operational efficiency gains and strategic cost management, with gross margins expanding impressively to 56%. The involvement of the Trump family, particularly Eric Trump's leadership in spearheading a strategic reserve expansion of 3,000 BTC, has injected substantial investor confidence and institutional credibility into the venture. This development is not merely a corporate success story but a potent indicator of Bitcoin's maturing infrastructure and growing mainstream acceptance. The combination of robust financial engineering, strategic asset accumulation, and high-profile backing paints a compelling picture for Bitcoin's valuation trajectory. As mining operations become more profitable and efficient, the fundamental support for the network strengthens, reducing sell pressure from miners and enhancing overall ecosystem health. The strategic expansion of Bitcoin reserves by significant players signals a long-term bullish outlook, anticipating future price appreciation and increased adoption. This case exemplifies how operational excellence and strategic vision within the cryptocurrency sector can thrive even in volatile market conditions, paving the way for sustained growth and reinforcing Bitcoin's position as a cornerstone of the future digital asset landscape. The current momentum suggests a strong foundation for continued upward movement in Bitcoin's market value as institutional strategies evolve from speculation to accumulation and long-term holding.

American Bitcoin Posts $3.5M Q3 Profit Amid Strategic Expansion

American Bitcoin reported a net profit of $3.5 million in Q3 2024, marking a sharp reversal from prior losses. Revenue surged to $64.2 million from $11.6 million year-over-year, driven by mining efficiency gains and cost reductions. Gross margins expanded to 56%, defying earlier crypto price softness.

The TRUMP family's involvement has bolstered investor confidence, with Eric Trump spearheading a 3,000-BTC reserve expansion post-Nasdaq listing. Market sentiment improved amid expectations of lighter regulation under a potential Trump administration.

Robert Kiyosaki Holds Firm on Bitcoin Amid Market Downturn

Bitcoin plunged to a six-month low of $95,835, shedding 11% over the week as tech sector volatility spilled into crypto markets. The selloff triggered nearly $900 million in BTC long liquidations, though open interest remained largely intact—signaling measured deleveraging rather than panic.

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' confirmed he's holding rather than selling. 'The everything bubbles are bursting,' he tweeted, attributing the downturn to global liquidity demands rather than Bitcoin's fundamentals. His stance reflects a bet against fiat currencies as governments potentially ramp up money printing.

Market structure appears resilient despite the drop. The liquidation volume represented less than 2% of total open interest—far milder than October's flash crash. Traders are watching for stability in AI-related stocks, which have been a key sentiment driver for risk assets.

Fed Rate Cut Expectations Dim as Crypto Markets Weaken

Bitcoin plunged to a six-month low amid fading expectations for a Federal Reserve rate cut in December. The cryptocurrency's decline mirrors broader market unease as investors recalibrate their outlook on monetary policy.

Market-implied odds of a December rate reduction have collapsed from 90% to 44.4% within weeks, according to CME Group's FedWatch tool. The shift follows cautious commentary from Fed officials, with Kansas City Fed President Jeff Schmid warning that persistent inflation may necessitate maintaining current rates.

The crypto downturn coincides with markets digesting fresh economic data after a record 43-day government shutdown. While the Fed delivered a 25-basis-point cut in September, institutional forecasts for additional easing have grown increasingly conservative.

Leaked Emails Reveal Epstein Helped Fund MIT’s Bitcoin Work

Newly released emails from the Jeffrey Epstein estate reveal his direct involvement in funding the Massachusetts Institute of Technology’s Digital Currency Initiative (DCI), a program that supported early bitcoin Core developers. The correspondence, obtained by the House Oversight Committee, outlines how Epstein’s financial contributions flowed into MIT’s Media Lab and indirectly bolstered the bitcoin development ecosystem.

Former MIT Media Lab director Joichi Ito explicitly thanked Epstein for enabling the DCI’s rapid launch in 2015, citing the use of Epstein’s gift funds as critical to securing key developers after the Bitcoin Foundation’s collapse. Epstein’s brief response—"Gavin is clever"—referenced Gavin Andresen, a prominent Bitcoin Core contributor.

The funding pipeline also involved Epstein associate Leon Black, whose donations to MIT may have been anonymously coordinated. While the financial backing provided vital support during a developmental vacuum, technical influence on Bitcoin’s trajectory appears minimal.

BlackRock's Bitcoin ETF Sees Record Outflows as Market Sentiment Sours

BlackRock's spot Bitcoin ETF recorded its largest single-day outflow since inception, with $473.72 million withdrawn on November 14. The bleeding spread across major issuers—Fidelity saw $2 million exits while Grayscale lost $25.09 million—as the broader ETF market posted $866 million in net outflows.

Robert Kiyosaki framed the sell-off as symptomatic of global liquidity constraints rather than lost faith in Bitcoin. The 'Rich Dad Poor Dad' author tweeted his intention to accumulate more BTC once the downturn stabilizes, stating: 'The cause of all markets crashing is the world is in need of cash...I do not need cash.'

Market sentiment hit extreme fear levels with Bitcoin's Fear and Greed Index plunging to 16. The rout dragged most cryptocurrencies down 10-30% over the past month, revealing stark performance divergences across the sector.

Bybit and Block Scholes Report Sustained Bearish Sentiment in Crypto Markets Despite US Shutdown Resolution

Bitcoin's struggle to reclaim the $100,000 level underscores deepening bearish sentiment across crypto derivatives markets. The asset briefly dipped below $96,000 as recovery attempts faced repeated rejections, mirroring weakness in traditional equity markets.

Options markets reflect the pessimism through skewed implied volatility favoring puts, while open interest in large-cap perpetual contracts remains nearly halved since October. This persistent risk-off posture suggests institutional traders are hedging against further downside.

The Bybit-Block Scholes collaboration reveals a striking divergence: where traditional markets saw temporary relief after the US government funding resolution, crypto markets failed to sustain even short-lived rallies. Derivatives data now paints a clearer picture of professional traders' defensive positioning.