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Despite Bitcoin (BTC) falling more than 5% over the past 2 weeks, trading at approximately $82,166 on October 16, 2026, popular pseudonymous crypto analyst Captain Faibik, or CryptoCove, expects a renewed bull run after a breakout above a short-term falling channel.  Captain Faibik stated that for Bitcoin’s uptrend to recommence it must consistently close above its major resistance level around $84,600, according to his Analysis that Finbold obtained on Friday. BTC/USDT 4-hour chart analysis. Source: CryptoCove The crypto analyst defended his bullish thesis on the fact that Bitcoin price has so far defended a buy zone around $81,583. Additionally, CryptoCove argued that the BTC/USDT chart on the four-hour chart has been forming a potential bullish descending channel. When will Bitcoin rebound? Bitcoin price has faced more selling pressure over the past two weeks, driven by increased distribution from investors in the United States.  As of press time, t...

Crypto hardware wallet maker Ledger is rolling out a new feature that lets users borrow stablecoins against their Bitcoin (BTC) without giving up custody of their assets. The new Crypto Loan feature lets Ledger Wallet users deposit wrapped Bitcoin as collateral and borrow the dollar-pegged stablecoins USDC or USDT directly inside the app, says Ledger. The service is powered by the on-chain lending network Morpho and plugged into the app through Yield.xyz. Users can post either cbBTC or wBTC as collateral and keep their Bitcoin exposure for the life of the loan instead of selling their holdings. Says Ledger in its latest release notes, “Morpho is an onchain credit network; the smart contracts govern every interaction, and your collateral stays on-chain rather than sitting on someone else’s balance sheet.” Every step of the loan, from the first approval to repayment and withdrawal, has to be confirmed on the screen of a Ledger hardware device, which shows each ...

Porsche has written off its 911 NFT project PIONΞERS CIRCLE, leaving buyers with digital artworks that are down 96%. PIONΞERS CIRCLE gave NFT holders access to various events, awards, and other opportunities that came with purchasing one of the NFTs modelled after the Porsche 911. Porsche didn’t exactly explain why it shut the project down, but emphasised that it was a place for “experimentation” and  a “shared adventure.” “As this journey draws to a close, Porsche continues to evolve, adapting to new opportunities and shaping the future in its own way,” the company’s X statement read.  The declining floor price of Porsche’s NFT collection since launch. Source: CoinGecko Read more: 32 NFT predictions that aged like milk It cost 0.911 ETH, worth roughly $1,400, to mint one of Porsche’s 911 NFTs when the project launched in 2023.  The collection’s floor price reached a high of over 3 ETH (then worth $5,100) one month later. ...