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Cryptocurrencies extended a sell-off on Monday as risk assets including equities tanked during the early U.S. hours. Following a bounce to around $84,000 earlier in the day, perhaps buoyed by Strategy’s $21 billion fundraising plan, bitcoin (BTC) slid below $80,000, down 3.8% over 24 hours. The Ethereum blockchain’s ether (ETH) briefly slipped below $2,000, to…
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(Bloomberg) — Cryptocurrency prices extended their slide as escalating tariff war tensions and diminishing prospects of further Federal Reserve rate cuts offset a wave of pro-crypto announcements from President Donald Trump last week. Most Read from Bloomberg Risk assets like crypto are under pressure amid anxiety that the Trump’s tariffs and government firings will torpedo…
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The price of Bitcoin, the leading cryptocurrency, collapsed to an intraday low of $79,355 on the Bitstamp exchange at 14:19 UTC. This is the first time that the cryptocurrency has plunged below the aforementioned level since Feb. 28. Back then, the leading coin reached an intraday low of $78,197 before soaring by nearly 22% within…
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The price of Bitcoin crashed below $80,000 on Monday morning as financial markets reacted to ongoing concerns over inflation and a possible U.S. recession, fueled by President Trump’s comments over the weekend. Asked by Fox News in a Sunday interview about whether he expects a recession this year, Trump declined to rule it out. “I…
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Strategy Inc. MSTR, announced on Monday that it has filed to offer up to $21 billion in preferred stock to raise funds for Bitcoin BTC/USD purchases. What Happened: The sales agreement involves issuing 8.00% Series A perpetual strike preferred stock STRK with a par value of $0.001 per share, which holders can convert into Strategy’s…
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The United States push to maintain the dollar’s global dominance through stablecoin adoption could have unintended benefits for Bitcoin, as the world’s largest cryptocurrency is emerging as a potential federal reserve asset. US Treasury Secretary Scott Bessent said the US government will use stablecoins to ensure that the US dollar remains the world’s global reserve…
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President Trump’s executive order calling for the formation of a strategic bitcoin (BTC) reserve and a crypto stockpile is a “pivotal moment” for the industry, investment bank KBW said in a research report Friday. The President directed his administration to establish a Bitcoin Strategic Reserve to hold the assets that have been seized by the…
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Bitcoin price hovers around $82,000 on Monday after falling nearly 15% last week. This price correction triggered a series of liquidations across the crypto market, totaling $687.73 million in the past 24 hours. QCP Capital report highlights that momentum was derailed by the Bybit hackers cashing out on Sunday, causing BTC to decline again. Bitcoin…
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Singapore Exchange (SGX), the largest exchange group in Singapore, reportedly plans to debut Bitcoin perpetual futures in the second half of 2025. SGX is working to introduce Bitcoin (BTC) perpetual futures for institutional and professional investors in an effort to “expand institutional market access,” Bloomberg reported on March 10. A spokesperson at SGX reportedly said…
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Bitcoin prices haven’t reacted the way one would think amid a seminal moment for the crypto industry. Prices for the lead digital asset continue to experience selling pressure despite President Donald Trump moving to create a bitcoin (BTC-USD) reserve late last week. The US government will retain the estimated 200,000 bitcoin it has already seized…