Cash App Sets 2026 Rollout for Major Crypto Upgrade With Stablecoin and Bitcoin Payment Features

Eric Trump on Tuesday described Bitcoin as a “modern-day gold,” calling it a liquid store of value that can act as a hedge to real estate and other assets. Related Reading: XRP’s Biggest Rally Yet? Analyst Projects $20+ In October 2025 According to reports, the remark came during a TV appearance on CNBC’s Squawk Box, tied to the launch of American Bitcoin, the mining and treasury firm he helped start. Company Holdings And Strategy Based on public filings and company summaries, American Bitcoin has accumulated 2,443 BTC on its balance sheet. That stash has been valued in the low hundreds of millions of dollars at recent spot prices. The firm mixes large-scale mining with the goal of holding Bitcoin as a strategic reserve, which it says will help it grow both production and asset holdings over time. Eric Trump’s comments were direct. He told viewers that institutions are treating Bitcoin more like a store of value than a fringe idea, and he warned firms that resist blockchain adoption. The tone was strong at times, and the line about Bitcoin being a modern equivalent of gold was used to frame American Bitcoin’s role as both miner and holder.   Eric Trump has said: bitcoin is modern-day gold — unusual_whales (@unusual_whales) September 16, 2025 How The Company Went Public American Bitcoin moved toward a public listing via an all-stock merger with Gryphon Digital Mining earlier this year, a deal that kept most of the original shareholders in control and positioned the new entity for a Nasdaq debut. Reports show that mining partner Hut 8 holds a large ownership stake, leaving the Trump family and other backers with a minority share. The listing brought fresh attention and capital to the firm as it began trading under the ticker ABTC. Market watchers say the firm’s public debut highlights two trends: mining companies are trying to grow by both producing and holding Bitcoin, and political ties are bringing more headlines to crypto firms. Some analysts point out that holding large amounts of Bitcoin on the balance sheet exposes a company to price swings, while supporters argue it aligns incentives between miners and investors. Related Reading: Ethereum Bulls Target $8,500 With Big Money Backing The Move – Details Reaction And Possible Risks Based on coverage of the launch, investors have reacted with both enthusiasm and caution. Supporters praise the prospect of a US-based miner that aims to be transparent and aggressive about building a reserve. Critics point to governance questions, possible conflicts tied to high-profile backers, and the usual risks of a volatile asset being held on corporate balance sheets. Eric Trump’s remark that Bitcoin has taken gold’s role in today’s world reflects both his belief in its value and American Bitcoin’s strategy of mining and holding. Whether that view sticks will depend on how investors and institutions respond in the months ahead. Featured image from Meta, chart from TradingView

Widely followed Bitcoin figure Lark Davis pushed back on suggestions that Cardano is finished, saying, “what is dead can never die.” At the same time, he pointed out that on-chain activity looks flat. Related Reading: Dogecoin Alert! Price Could Explode Over 2,800%, Analyst Says Cardano (ADA) was trading at $0.51, down 8.8% in the past 24 hours, and it holds a market cap of $18.8 billion. That is the context for a larger question now being asked across crypto circles: can community and hype move a token more than real network use? On-Chain Activity Shows Little Movement Davis admits that user activity is low and DEX volume is thin. Development updates are limited, daily revenue is weak, and stablecoins barely register on the chain. He made his point with humor too, joking that Cardano’s founder Charles Hoskinson has “a beard worth $25 billion.” But the main claim was serious: the chain’s raw on-chain metrics don’t look strong right now. Is Cardano $ADA dead? Here’s my take. ⤵️ pic.twitter.com/oGnVuQuy9N — Lark Davis (@TheCryptoLark) November 12, 2025 Community Strength And Brand Can Still Drive Prices Based on reports, Davis argued that numbers don’t tell the whole story in crypto. He compared Cardano to XRP and noted that a token can have a big market cap despite questions over intrinsic use; XRP once reached about $150 billion in market value. According to Davis, old buyers can return and push a token higher even when network use is low. That is part of why some traders treat certain assets as almost cult-like. Sentiment matters, but momentum matters more than steady on-chain growth in many cases. Technical Signals Point To A Narrow Upside If Key Levels Break TradingView analyst “AltcoinPiooners” has highlighted recent price action and a possible shift in market pressure. Reports show ADA tested support at $0.53 after hitting $0.60 on November 11 and falling the next day. Analysts See A Clear Path, But Risks Remain According to the analyst, ADA could move to $0.62 and then to $0.65 if $0.60 is cleared, a move that would equal more than a 16% gain from current levels. Reports also revealed that Cardano whales added 348 million ADA over four days while the price dipped below $0.50 recently. On the flip side, a failure at support could send ADA down toward $0.52. That risk was flagged by the same analyst. Related Reading: XRP Earns Academic Praise: University Study Calls It ‘Gold In Your Hands’ Although the debate around weak usage continues, reports have stressed that Cardano is far from dead. The project still commands a loyal base, steady interest from long-time holders, and a market cap in the billions. Featured image from Unsplash, chart from TradingView

The post Crypto Market: Traders Claim the Bear Market Has Begun, but One Major Signal Is Missing appeared on BitcoinEthereumNews.com. Key Insights Many crypto market traders believe the bear market is already here, but several signals do not match a real cycle top. The Pi Cycle Top indicator, which has called the last three tops, has not triggered yet. Past bear markets only began after a confirmed top, not before it, which suggests this cycle may still have room left. The crypto market has been falling for weeks. Many traders now believe the bear market has already begun. The total market cap was near $3.94 trillion on 6 October. It corrected to $3.59 trillion on 11 November. It then dropped again to almost $3.20 trillion this week. These are big moves, so fear is rising fast. But when we place all signals side by side, the picture is not complete. Several charts show weakness. But the main top signal for Bitcoin has not appeared yet. Crypto Market: Traders Think Bear Market Already Started Many shared charts point to some tension for the crypto prices. One chart shows Bicoin USD heading lower than the 50-week moving average. A moving average shows the average price over time, and traders watch it to track the price and market trend. Bitcoin 50W MA Signal | Source: X Older charts compare the 2025 to 2015–2018 and 2018–2021 (4-year moves). In those charts, the peak looks like it formed in late October. This made the correction look like the start of a new downtrend. Do note that it was in October when the Bitcoin price hit a new peak of $126,000. Crypto Market Older Cycles | Source: X Some on-chain charts show long-term holders moving coins. The rise in CDD suggests older coins are transferring, which can look like early selling. Crypto Market CDD Looks Bearish | Source: X ETFs also added pressure. Bitcoin ETFs saw…