Strategy’s preferred stock STRC closed Wednesday at $94.65, about 5% below its $100 par value, touching off a wave of alarm on social media. While some critics have aired concern about the sustainability of the structure that has helped fund Strategy’s Bitcoin buying spree, a few supporters argue that STRC’s move down is normal for […]
Bitcoin’s price decline from earlier this week was not a one-time thing, as the asset’s troubles intensified in the past 12 hours or so with another fresh nosedive to a multi-month low. BTC dragged most alts with it, liquidating more than 270,000 over-leveraged traders in the process. The Drop It now feels like an eternity, […]
Bitwise Chief Investment Officer Matt Hougan said the “brutal” cryptocurrency market is no longer the “belle of the ball,” as digital assets are increasingly becoming a contrarian investment. In his latest memo, Hougan flagged three factors influencing the market, beginning with crypto’s struggle to attract investor enthusiasm as prices remain under pressure and momentum fades. […]
Over 160 former national security, intelligence, and law enforcement officials are pushing the U.S. Senate to advance the CLARITY Act, arguing that it would strengthen efforts to combat illicit finance in the crypto space. The appeal was made in a letter addressed to Senate Majority Leader John Thune and Democratic Leader Chuck Schumer and was […]
ETH prices fell to $1,720 on Coinbase in early trading on Thursday morning, according to TradingView. This is the lowest the asset has been since April 2025, more than a year ago. Ether tanked to a low of $1,400 back then, so that could serve as the bottom support zone again if prices keep falling. The […]
Crypto markets have dumped 4.9% or a whopping $140 billion over the past 24 hours, sending total capitalization to $2.37 trillion, its lowest level since early April. Over the past 24 hours, 265,000 traders were wrecked, and the total liquidations were a whopping $1.63 billion, according to Coinglass. Around 89% of those were long positions, […]
Similar to previous bear markets, bitcoin (BTC) is now on track to experience a slow bleed regime. As analysts explained in the latest Bitfinex Alpha report, this seasonal pattern is further aggravated by weakening demand from spot and institutional avenues. Even options traders have stopped paying for protection as implied volatility continues to decline and […]
A Polymarket trader has accused the prediction market platform of unfairly resolving a disputed market tied to Strategy’s first Bitcoin sale in years. The trader claims he lost around $500,000 after betting that the firm had sold BTC before a May 31 deadline – something that was officially confirmed by an SEC filing on June […]
Bitcoin is on “the edge of a breakdown,” reported onchain analytics firm Swissblock on Monday. The analysts noted that the loss of the “Cost Basis Zone” has already triggered a decisive drawdown. Consolidation inside this zone appeared constructive, but there was no confirmation, and BTC failed to hold it, showing little strength when trying to […]
Crypto markets remained flat over the weekend following heavy losses last week. Bitcoin and Ether remain weak, with no immediate catalysts to spur a recovery. Meanwhile, fresh labor market data and updated readings on manufacturing and services activity are on the table this week. “We also await further details about a potential US-Iran deal, which […]