Essential Alert: Bithumb Halts Crypto Deposits and Withdrawals for Crucial Year-End Audit

  vor 2 Tagen

BitcoinWorld Essential Alert: Bithumb Halts Crypto Deposits and Withdrawals for Crucial Year-End Audit Attention all Bithumb users! The South Korean crypto exchange giant has announced a critical, temporary suspension of its crypto deposits and withdrawals . This planned pause is a proactive step for security and transparency, but it requires your immediate attention to avoid any trading disruptions as the year ends. What’s Happening with Bithumb’s Services? Bithumb will temporarily halt all crypto deposits and withdrawals for a 10-hour window. This suspension is scheduled for December 31st, from 8:00 a.m. to 6:00 p.m. UTC. The primary reason for this pause is to conduct a mandatory, regular asset audit. Therefore, this is a standard operational procedure, not a reaction to any security incident. However, it’s crucial to understand what this means for your account. During this period, you will not be able to move funds onto or off the Bithumb platform. Let’s break down exactly what is and isn’t affected. What Services Are Affected (And What Aren’t)? Knowing the scope of this suspension helps you plan your crypto activities accordingly. Here is a clear breakdown: Paused Services: All cryptocurrency deposit and withdrawal functions will be completely inactive. Available Services: Crucially, spot trading on the Bithumb exchange will continue to operate normally. You can still buy, sell, and trade cryptocurrencies within your account balance. This distinction is vital. The audit focuses on verifying the assets Bithumb holds, not on the trading engine itself. Think of it as a bank counting its cash in the vault while the teller windows remain open for transactions between account holders. Why Are Regular Crypto Exchange Audits So Important? You might wonder why a major exchange like Bithumb needs to pause services for an audit. The answer lies in trust and security. Regular asset audits are a cornerstone of a reputable cryptocurrency exchange’s operations. They serve several key purposes: Proof of Reserves: Audits verify that the exchange holds the full amount of customer assets it claims to, a practice often called Proof of Reserves. Regulatory Compliance: In South Korea’s strict regulatory environment, such audits are often mandatory to ensure compliance with financial laws. User Confidence: Transparent audits build user confidence by demonstrating the exchange’s solvency and operational integrity. Therefore, while a temporary halt on Bithumb crypto deposits and withdrawals is an inconvenience, it ultimately contributes to a safer and more transparent ecosystem for all users. Actionable Steps for Bithumb Users Before Dec. 31 Don’t get caught off guard. To ensure a smooth experience, consider these simple steps before the suspension window begins: Plan Your Transfers: If you need to deposit funds for trading or withdraw profits, complete these actions well before 8:00 a.m. UTC on December 31st. Review Open Orders: Ensure any time-sensitive trading strategies do not rely on the ability to move assets during the 10-hour window. Stay Informed: Monitor official Bithumb announcements for any updates, though such planned audits typically proceed on schedule. By taking these precautions, you can navigate this routine maintenance without any impact on your crypto strategy. Conclusion: A Sign of Strength, Not Weakness In the dynamic world of cryptocurrency, transparency is paramount. Bithumb’s decision to conduct this audit and temporarily pause crypto deposits and withdrawals reflects a commitment to robust financial practices. While it requires minor planning from users, this procedure reinforces the exchange’s dedication to security and regulatory compliance. Ultimately, such measures are designed to protect user assets and maintain the long-term health of the trading platform. Frequently Asked Questions (FAQs) Q1: Can I still trade on Bithumb during the suspension? A1: Yes. Spot trading will remain fully operational. Only the deposit and withdrawal functions for cryptocurrencies will be paused. Q2: Will my funds be safe during the audit? A2: Absolutely. The audit is a verification process. Your assets remain secure in Bithumb’s wallets. The pause is a procedural step to ensure an accurate snapshot of holdings. Q3: Does this affect Korean Won (KRW) deposits or withdrawals? A3: The announcement specifies cryptocurrency services. Typically, fiat currency (KRW) channels are managed separately and may not be affected, but you should check Bithumb’s official notice for complete details. Q4: What happens if I try to initiate a transaction during the pause? A4: The interface for crypto deposits and withdrawals will likely be disabled or will reject any transaction attempts during the 10-hour window. Your request will not be processed until services resume. Q5: Are other exchanges doing similar audits? A5: Yes. Regular asset audits are becoming a standard best practice for major, compliant cryptocurrency exchanges worldwide to ensure transparency and build trust. Q6: Will services resume exactly at 6:00 p.m. UTC? A6: Bithumb aims to restore services at the stated time. However, in rare cases, audits can take slightly longer. It’s always wise to allow for a small buffer before initiating critical transactions immediately after the deadline. Found this guide on Bithumb’s essential service update helpful? Share this article with fellow crypto traders on your social media channels to help them stay prepared and informed. Spreading knowledge makes the entire community stronger! To learn more about the latest cryptocurrency exchange trends, explore our article on key developments shaping global crypto regulations and institutional adoption. This post Essential Alert: Bithumb Halts Crypto Deposits and Withdrawals for Crucial Year-End Audit first appeared on BitcoinWorld .

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South Korean consumer confidence stayed above neutral at 109.9 in December, marking the eighth consecutive month of optimism.

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South Korean consumer sentiment held well above the neutral level in December for eight consecutive months, supporting household confidence. The latest signs indicate that consumer sentiment remains broadly positive regarding the economic outlook, even as prices continue to rise and financial markets become jittery. And while inflation has increased the price of goods and services on a day-to-day basis, and fluctuations in the equity market have added to the pressure on the growth trend, they have not been large enough to alter the overall optimism significantly. The overall consumer sentiment index hit 109.9 in December, according to the Bank of Korea’s report on Wednesday. That was a 2.5 point decrease from November’s eight-year high, but well above a neutral 100, which helps demarcate optimism from pessimism. At this metric, consumer sentiment is strong enough to provide robust support for durable growth in consumer spending, and with it, working hours and wages. Here, the point is that optimism moderation was coupled with a widening range of consumer prices and greater currency volatility. Those measures have somewhat subdued household sentiment, but in general, confidence is stronger than in past eras of economic uncertainty. Rising prices and currency swings weigh on confidence Inflation remained a problem for households as they approached the end of last year, despite the continued rise in costs of food, utilities, and services. These price pressures “partially dampened” some of the optimism experienced in November, when confidence peaked at its highest level in eight years, the Bank of Korea said. The slight decrease was the result of higher consumer prices and a greater exchange rate volatility, the central bank added. Still, exports have been broadly resilient this year, bolstered by strong semiconductor shipments. That’s despite higher US tariffs on Korean goods that have impacted Seoul’s second-largest export market. Importantly, the fall in confidence was modest. The index remained well above the neutral range, suggesting that households were still broadly optimistic about their income outlook, labour market conditions, and future spending, even though they may be more cautious of short-term risks. Strong exports and housing optimism support the outlook Sentiment was also reflected in external demand, with exports performing relatively well for the year overall. Strong chip sales have also proved to be a significant boost, helping South Korea cope with poor performance elsewhere, which has continued to be marked by global trade uncertainty. Even with the United States slapping tariffs on some Korean goods, which have put the brake on shipments to Seoul’s second-largest export market, that resilience has been on. Elsewhere, robust demand for advanced chips has supported the impact and helped underpin overall export momentum. This consumer sentiment strength has been reflected in the Bank of Korea’s economic forecasts. In November, it revised its growth forecast for this year to 1% and for the future to 1.8%, due to sustained domestic consumption and export support from abroad. Housing expectations were also a significant factor in shaping consumer sentiment. A sub-index measuring expectations for home prices rose for a second-straight month, up 2 points to 121. In parts of Greater Seoul, this includes prices for apartments, which have also climbed, although at a slower pace. The index of consumer expectations regarding household debt, meanwhile, remained steady at 96 for the second consecutive month. This persistence suggests that concerns over borrowing have not increased, despite house prices remaining stable. The Bank of Korea stated that there are still risks to the economy, including a weak Korean won and high home prices in Seoul, which are likely to persist. The central bank stated that those factors could impact financial stability. Keeping consumer confidence above the neutral level for an eighth consecutive month suggests that households continue to have greater expectations for the future as 2026 begins, it added. Sign up to Bybit and start trading with $30,050 in welcome gifts

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DOGE Shows Potential Reversal with Inverse Head and Shoulders Pattern Amid Neutral Funding

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DOGE reversal signals are emerging through an inverse head and shoulders pattern on the 2-hour chart, neutral funding rates, and balanced futures activity, indicating potential short-term stabilization after recent declines. DOGE inverse head and shoulders pattern on 2-hour chart suggests improving technical momentum. Neutral OI-weighted funding rates show balanced leverage without excessive speculation. Leading exchanges [...]

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Inflation-adjusted BTC Price Reveals a Surprising Truth: Your Bitcoin Isn’t Worth as Much as You Think

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BitcoinWorld Inflation-adjusted BTC Price Reveals a Surprising Truth: Your Bitcoin Isn’t Worth as Much as You Think Bitcoin celebrated a monumental milestone, smashing its previous record to reach a staggering $126,000. Headlines erupted, and the crypto community cheered. However, a crucial reality check hides behind this dazzling nominal figure. When you adjust for inflation, the inflation-adjusted BTC price tells a different, more sobering story. According to a detailed analysis, Bitcoin’s real value hasn’t yet breached the $100,000 barrier. Why does this gap exist, and what does it mean for your investment strategy? What is the Real Inflation-adjusted BTC Price? Alex Thorn, Head of Research at Galaxy Digital, applied a critical lens to Bitcoin’s headline number. By benchmarking the U.S. Consumer Price Index (CPI) to 2020 and adjusting Bitcoin’s price accordingly, he calculated the asset’s true purchasing power. The result? Bitcoin’s real, inflation-adjusted all-time high sits at $99,848. This means the purchasing power of the U.S. dollar has eroded so significantly that today’s record high doesn’t buy as much as it seemingly should. Why Your Dollar Buys Less: The Silent Tax of Inflation To understand the inflation-adjusted BTC price , you must first grasp inflation’s relentless effect. Since 2020, the real purchasing power of the U.S. dollar has fallen by approximately 20%. Think of it this way: The Same Basket Costs More: What $100 bought in 2020 now requires about $120. CPI as the Benchmark: The government uses the CPI to track the average price change of a basket of consumer goods and services. A 20% Erosion: This decline is the “silent tax” that diminishes the value of cash holdings over time. Therefore, a nominal price record doesn’t automatically translate to a real-value record. The inflation-adjusted BTC price cuts through the noise to show the asset’s strength against this erosion. How Do We Calculate the True Bitcoin Value? The calculation is straightforward but powerful. Analysts take Bitcoin’s nominal price and adjust it downward to reflect the dollar’s lost purchasing power. They use monthly CPI data from 2020 to the present. For instance, if the CPI shows a 20% increase since the base year, a $126,000 Bitcoin today has the equivalent purchasing power of roughly $105,000 in 2020 dollars. The fact that the adjusted figure is below $100,000 highlights how substantial inflation has been. What Does This Mean for Bitcoin Investors? This analysis is not meant to spread fear but to foster clarity. Understanding the inflation-adjusted BTC price provides a more accurate benchmark for success. Here are the key takeaways: Context Over Hype: It separates nominal price hype from genuine purchasing power growth. A Sturdier Benchmark: The $100,000 level becomes a more meaningful psychological and financial target to watch. Long-Term Perspective: It reinforces Bitcoin’s narrative as a hedge against currency debasement. The very need for this adjustment proves why such an asset is valuable. Essentially, Bitcoin’s journey to a true, inflation-smashing high is still underway. The next major headline should be when the inflation-adjusted BTC price decisively crosses the $100,000 threshold. The Compelling Conclusion: Look Beyond the Nominal Number Bitcoin’s surge to $126,000 is an undeniable testament to its growing adoption and market strength. However, the wise investor looks deeper. The inflation-adjusted BTC price reveals that in terms of real-world purchasing power, Bitcoin’s peak is still ahead. This perspective doesn’t diminish Bitcoin’s achievement; it reframes it. It highlights the relentless pressure of inflation and sets a clearer, more honest target for the next bull run. True victory isn’t just a number on a screen—it’s a number that holds its value against the test of time. Frequently Asked Questions (FAQs) Q: What does ‘inflation-adjusted BTC price’ mean? A: It means Bitcoin’s price is recalculated to account for the decrease in the U.S. dollar’s purchasing power due to inflation. It shows what the price would be if the dollar had the same value as it did in a base year (like 2020). Q: Why is the inflation-adjusted price lower than the nominal price? A: Because inflation has made each dollar worth less. A $126,000 Bitcoin today can buy fewer goods and services than a $126,000 Bitcoin could have in 2020, so its real value is adjusted downward. Q: Is Bitcoin still a good hedge against inflation if its adjusted price is lower? A: Yes, absolutely. The fact that we are even having this conversation proves the point. While its adjusted price hasn’t set a new real high yet, its nominal price soaring while the dollar weakens demonstrates its potential as a store of value compared to cash. Q: How often is the CPI data updated, and how is it used? A: The U.S. Bureau of Labor Statistics releases CPI data monthly. Analysts use this data stream to continuously calculate the real purchasing power of currency and, by extension, the real value of assets like Bitcoin. Q: Should I wait for the inflation-adjusted price to hit $100k before investing? A> Not necessarily. Investment decisions should be based on a broader strategy, including your financial goals and risk tolerance. This metric is a tool for understanding true value, not a direct investment signal. Did this breakdown of the real Bitcoin value change your perspective? Share this article to spark a smarter conversation about crypto valuation on your social media feeds! Knowledge is power, especially in a market driven by both data and narrative. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin price action and long-term valuation models. This post Inflation-adjusted BTC Price Reveals a Surprising Truth: Your Bitcoin Isn’t Worth as Much as You Think first appeared on BitcoinWorld .

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XRP Retail Turns Fearful Again—A Classic Contrarian Setup?

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Data shows negative sentiment around XRP has seen a rise on social media, a sign that could actually be bullish if history is to go by. XRP Positive/Negative Sentiment Has Gone Down In a new post on X, analytics firm Santiment has discussed about the latest trend in the Positive/Negative Sentiment for XRP. This indicator measures the ratio between the positive and negative comments related to the asset that are appearing on the major social media platforms. The metric works by going through social media posts/comments/threads to separate for those making mentions of the cryptocurrency and putting them through a machine-learning model. This model classifies each post as “positive” or “negative.” The indicator counts up the number of comments in each category and finds the ratio between them. Related Reading: Bitcoin Perps Heat Up Again As Leveraged Longs Rise When the value of the Positive/Negative Sentiment is greater than 1, it means posts pertaining to a bullish sentiment are dominant on social media. On the other hand, the metric being under the threshold implies a bearish mentality is shared by the majority of users on these platforms. Now, here is the chart shared by Santiment that shows the trend in the XRP Positive/Negative Sentiment over the last few months: As displayed in the above graph, the XRP Positive/Negative Sentiment saw a huge spike earlier in the month, implying positive comments related to the coin shot up on social media platforms. What followed this burst of optimism among retail traders, however, was a drop in the cryptocurrency’s price. This pattern of the asset going against the crowd expectations is something that has been witnessed in digital asset markets throughout history. Based on the historical trend, the analytics firm has defined regions where the likelihood of a reversal move becomes notable. The positive sentiment spike witnessed earlier in the year broke into the “greed zone,” corresponding to the area where price corrections tend to happen. Since the plunge in the XRP price, sentiment among retail social media users has deteriorated fast, with the Positive/Negative Sentiment plummeting all the way to a value of 1.01. At this value, bearish comments aren’t dominant yet, but the fact that negative posts are balancing out the positive ones is still something to take note of. In fact, this value is firmly inside Santiment’s “fear zone,” implying that the current degree of bearish sentiment is already significant. Related Reading: Bitcoin Inflow Slowdown: CryptoQuant Founder Says Sentiment Could Take Months To Recover “Historically, this setup leads to price rises,” explained the analytics firm. “When retail has doubts about a coin’s ability to rise, the rise becomes significantly more likely.” It now remains to be seen where XRP will go next and whether retail sentiment will play any role. XRP Price At the time of writing, XRP is floating around $1.90, down 1.3% over the last 24 hours. Featured image from Dall-E, Santiment.net, chart from TradingView.com

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Ethereum Institutional Accumulation Continues: Bitmine Buys $88M Worth of ETH

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Ethereum is struggling to stabilize above the $3,000 threshold, a level that has become a psychological and technical battleground as bearish narratives gain traction across the market. After failing to hold its late-summer momentum, ETH is now down roughly 40% from its August peak, placing sustained pressure on investor confidence. Analysts are increasingly warning that the broader market may be transitioning into an early-stage bear phase, with Ethereum’s weak relative performance reinforcing those concerns. Sentiment around ETH has deteriorated sharply in recent weeks. Price rebounds have been short-lived, volatility remains elevated, and trading activity suggests a market dominated by defensive positioning rather than accumulation. The inability to decisively reclaim higher levels has left Ethereum vulnerable to further downside if demand does not return near current prices. Against this cautious backdrop, on-chain data is offering a contrasting signal. According to figures tracked by Arkham, institutional-focused miner Bitmine has continued to expand its Ethereum exposure. The firm recently acquired an additional 29,462 ETH, worth approximately $88.1 million, sourced from custodial and exchange-related wallets linked to BitGo and Kraken. The timing of the purchase, amid widespread pessimism, has drawn attention from market participants. While price action remains fragile, the presence of large, deliberate buyers suggests that some investors are positioning beyond short-term volatility. Whether this activity marks early accumulation or simply isolated conviction remains an open question as Ethereum approaches a critical inflection point. Large-Scale Accumulation Highlights Strategic Positioning In Ethereum Bitmine’s Ethereum exposure has reached a new milestone, with the company now holding approximately 7.79 million ETH, valued at an estimated $11.2 billion at current market prices. This places Bitmine among the largest known Ethereum holders, a status that is drawing increasing attention as the market grapples with deteriorating sentiment and elevated volatility. The scale of the position alone makes recent transactions material, not just for tracking individual wallet activity, but for understanding broader capital behavior. These purchases are notable because they are occurring during a period of sustained price weakness. Ethereum remains significantly below its recent highs, and many participants have adopted a risk-off stance. In that context, large, transparent inflows into long-term custody wallets suggest strategic allocation rather than short-term speculation. Transactions routed through custodians and major exchanges further reinforce the view that these moves are deliberate and structured, rather than opportunistic trades. From a market perspective, activity of this magnitude can influence supply dynamics. When large holders accumulate and remove ETH from active circulation, available liquidity tightens, potentially reducing sell-side pressure over time. While this does not guarantee immediate price appreciation, it often alters the medium-term balance between buyers and sellers. More broadly, Bitmine’s expanding position underscores how select institutional players continue to view Ethereum as a core asset despite unfavorable market conditions. As prices consolidate near critical levels, these flows provide important context for assessing whether current weakness reflects distribution or the early stages of long-term repositioning. ETH Struggles to Stabilize as Daily Trend Remains Under Pressure Ethereum is trading near the $2,960 level on the daily chart, continuing to show signs of structural weakness after a prolonged correction from its late-summer highs. The chart highlights a clear trend shift over recent months, with ETH posting a sequence of lower highs and lower lows since failing to hold above the $4,500–$4,800 region. That rejection marked the start of a broad downside move that has yet to fully resolve. Price is currently positioned below all major daily moving averages. The faster blue moving average has rolled over sharply and continues to cap upside attempts, while the 111-day and 200-day simple moving averages are now sloping downward and acting as dynamic resistance in the $3,300–$3,600 zone. This configuration reflects sustained bearish momentum rather than a temporary pullback within a strong uptrend. Volume dynamics support this interpretation. The sell-off phases have generally been accompanied by higher volume spikes, while rebound attempts have occurred on relatively muted participation. This suggests that buyers remain cautious and that conviction behind recovery moves is limited. From a technical standpoint, the $2,900–$3,000 area is a critical short-term support zone. A failure to hold this range would expose Ethereum to a deeper retracement toward prior consolidation levels. For sentiment and structure to improve, ETH would need to reclaim the $3,300–$3,500 region and stabilize above its declining daily averages. Featured image from ChatGPT, chart from TradingView.com

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