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What's Behind Bitcoin's Dramatic Pullback to Lowest Level Since Oct. 13?

Bitcoin is bouncing back from its five-week lows Friday. Blockchain analytics platform CryptoQuant says the early drop was predominantly driven by traders taking short positions in the perpetual futures market. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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ConstitutionDAO Fails to Buy US Constitution in Sotheby’s Auction

ConstitutionDAO tried and failed to purchase one of 13 copies of the U.S. Constitution at Thursday’s Sotheby’s auction. The decentralized autonomous organization (DAO) ‘s $40+ million in ETH wasn’t enough to seal the deal and was ultimately outbid by another buyer for $43.2 million.

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Macy’s Thanksgiving Day Parade Gets In on NFT Craze With Collectible Balloons

Macy's is releasing a series of parade-themed NFTs this Thanksgiving Day, with plans to donate the proceeds to charity. 9,500 NFTs will be sold through Sweet's NFT marketplace, built atop Polygon, featuring some of the parade's iconic, giant balloons dating to the 1920s. "The Hash" panel discusses the significance of the iconic Macy's Thanksgiving Day Parade marching its way to the blockchain.

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Bitcoin Looking to Bounce Back From Low of Sub-$56K

Bitcoin is recovering to above $58,000 at press time from the low of $55,666 reached during the early European trading hours, the lowest level since Oct. 13. "The Hash" team discusses whether this could signal a bear market or just a healthy price correction.

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Key Factors Impacting Bitcoin Market Movement This Week

“All About Bitcoin's” Week in Review panel discusses what to make of this past week's significant markets sell-offs, examining the potential impact of China's continued mining crackdown and India's efforts to ban crypto transactions. Plus, reactions to the iconic Staples Center being renamed as the Crypto.com Arena in one of the biggest naming deal in sports history.

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ConstitutionDAO Outbid for First Printing of America’s Founding Document in Sotheby’s Auction

The group known as ConstitutionDAO was outbid by an unknown buyer who submitted a $43.17 million bid at Sotheby’s auction house Thursday. When the gavel banged, a first edition copy of the U.S. Constitution, one of only 13 left in existence, was in new hands.

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Bitcoin Attempts Price Recovery After a Derivatives-Led Slide to Sub-$56K

Bitcoin is looking to regain its footing, having reached five-week lows early Friday in a move market participants said was driven by derivatives. Haohan Xu, CEO of crypto trading firm Apifiny, discusses his views on bitcoin's trajectory and how low it could go. Plus, whether the benefits of Taproot could already be priced into BTC.

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Ethereum Blockchain Software Company ConsenSys Plans for Massive Expansion After Raising $200M

ConsenSys has raised $200 million in the latest round that valued the Ethereum backer at $3.2 billion. ConsenSys Global Fintech Co-Head Lex Sokolin shares insights into the firm's expansion, Web 3, and ETH.

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Crypto Market Cap Plunges, South Korean Banks Head Into Metaverse

AntChain instigates rules to prevent NFT hype. The crypto market takes a plunge. South Korean banks jump on the metaverse bandwagon. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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Key Takeaways From Confirmation Hearing for Comptroller of Currency Saule Omarova

Saule Omarova, President Biden's nominee to be the Comptroller of the Currency, faced questioning at her confirmation hearing Thursday before the Senate Banking, Housing and Urban Affairs Committee. CoinDesk's Nikhilesh De discusses the main takeaways.

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