By Omkar Godbole (All times ET unless indicated otherwise) The crypto market is showing signs of stabilizing, with bitcoin recovering to $102,000 and positive signals from futures tied to the Nasdaq. Leading the recovery among major cryptocurrencies is XRP, up 11%, followed by SOL with a 7% increase. AI coins, hit hard on Monday, are … Read more
Bitcoin (BTC) rose to nearly $103,000 to usher gains across the crypto market on Tuesday after breakthroughs from China’s DeepSeek led to a steep fall in U.S. indexes on Monday, prompted by concerns of overvaluations of its AI investments. XRP led gains among crypto majors with a 12% surge, while Cardano’s ADA, BNB Chain’s BNB, … Read more
Tom Lee, head of Fundstrat Research, discussed Monday’s market sell-off as an “overreaction”. On CNBC, Lee said that the double-digit drawdown in NVIDIA (NVDA) is the biggest opportunity since the covid outbreak and will prove to be a great buying moment. “Markets don’t like uncertainty, to me, it’s an overreaction, and this overreaction will be … Read more
Short-term bitcoin (BTC) holders exited the market at a loss Monday as tumbling prices also saw derivative traders throw in the towel, leading to a significant decline in open futures bets on the Chicago Mercantile Exchange. Short-term holders, defined by Glassnode as addresses with a history of holding coins for less than 155 days, sent … Read more
Hive Digital Technologies (HIVE) agreed to buy a site in Paraguay from fellow bitcoin miner Bitfarms (BITF) for a total of $85 million including assumed obligations. The acquisition of the site in Yguazú, Paraguay will more than triple Hive’s hashrate to 25 exahash per second (Eh/s) by September, Hive said Tuesday. It will pay a … Read more
Metaplanet (3350), the Japanese hotel investor, has announced the largest capital raise in Asian equity market history to buy bitcoin (BTC). Metaplanet has issued 21 million shares through 0% discount moving strike warrants, raising approximately 116 billion yen ($745 million). This allows holders to buy shares at an exercise price equal to the market price, … Read more
Exchange-traded fund (ETF) provider Tuttle Capital Management is “testing the waters” of the crypto-friendly Trump administration with ten 2x leveraged ETF proposals to the U.S. Securities and Exchange Commission (SEC) on Monday, including those tracking Donald and Melania Trump’s official memecoins. Tuttle proposed the first-ever ETFs tracking 200% returns of the following tokens: Chainlink (LINK), … Read more
Crypto market maker Wintermute’s Singaporean derivatives trading entity Wintermute Asia has introduced a contract for difference (CFD) linked to the GMCI USA Select Index, enabling traders to swiftly adapt to evolving market narratives, especially concerning the potential establishment of a strategic digital asset reserve. The index tracks the performance of the top crypto projects with … Read more
Former hedge fund manager Jim Cramer called for owning bitcoin (BTC), but not its largest public holder MicroStrategy, in the latest segment of CNBC’s Mad Money on Monday night. “If you want to own bitcoin, (you) own bitcoin,” Cramer said in response to a caller during the segment. “I own bitcoin, you should own bitcoin. … Read more
KuCoin has pled guilty to one count of operating an unlicensed money transmitting business and has agreed to pay penalties of over $297 million, the United States Attorney’s Office for the Southern District of New York said in a release on Monday. “KuCoin avoided implementing required anti-money laundering policies designed to identify criminal actors and … Read more
Brad Garlinghouse, CEO of crypto company Ripple Labs, supports the idea of a U.S. digital asset reserve encompassing multiple tokens and not just bitcoin (BTC) or XRP. “I own XRP, BTC, and ETH, among a handful of others – we live in a multichain world, and I’ve advocated for a level-playing field instead of one … Read more
With his U.S. Senate confirmation behind him, Scott Bessent is in place to be the top financial official of President Donald Trump’s administration, where he’ll be among those fulfilling the crypto directives already set out by the president last week. Bessent, a billionaire former hedge fund manager, didn’t give the crypto sector much to chew … Read more
Amid a bloody start to the week in crypto markets, which saw liquidations near monthly highs as various major tokens dropped by double-digit percentages, the native token of Solana-based DEX aggregator Jupiter is defying the trend over a new buyback plan. Data from TradingView shows that JUP is up more than 34% against bitcoin over … Read more
Bitcoin (BTC) managed a minor bounce of its worst levels of the day, but the bitcoin mining stocks were unable to reverse any of their plunge as Chinese AI startup DeepSeek threw into question ideas that the miners had value as data center plays. The largest cryptocurrency was recently trading at $101,500, up from earlier … Read more
Elon Musk, picked by President Donald Trump to lead the new Department of Government Efficiency, proposed using blockchain technology as part of the operation, Bloomberg reported. Musk suggested that using a digital ledger would be a cost-efficient way to track federal spending, secure data, make payments and manage buildings, according to people familiar with the … Read more
Crypto assets saw a panicky decline overnight alongside a Nvidia-led tech stock plunge on DeepSeek’s more efficient artificial intelligence model. With bitcoin (BTC) at one point sliding from a Sunday high of $105,000 to below $98,000 before bouncing back to its current level just below $100,000, some analysts warned this could be the start of … Read more
Travala.com, the holiday website that allows users to pay with cryptocurrency, is in talks with potential buyers after receiving an unsolicited takeover approach late last year, according to two people with knowledge of the matter. The Binance-backed company received an inquiry, triggering outreach by Travala’s advisers to major online travel agencies such as Booking.com, one … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3657.28, down 7.0% (-274.43) since 4 p.m. ET on Friday. None of the 20 assets are trading higher. Leaders: BTC (-4.1%) and BCH (-4.9%). Laggards: UNI (-14.4%) and RENDER … Read more
Decentralized identity project Humanity Protocol has closed a $20 million funding round, raising its valuation to $1.1 billion. The funding round was co-led by Pantera Capital and Jump Crypto, according to an emailed announcement. The project last raised $30 million at a $1 billion valuation in May 2024 Humanity plans to use the new capital … Read more
As East Asia prepares to shut down for the Lunar New Year holiday and looks towards the Year of the Snake, it’s time to look back at bitcoin (BTC) and the CoinDesk 20 (CD20)’s performance during the Year of the Dragon. Hong Kong-based brokerage CLSA has an annual tradition of forecasting the market’s performance in … Read more
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). MicroStrategy (MSTR), led by Executive Chairman Michael Saylor, added to its bitcoin (BTC) holdings for a 12th straight week. In the week ended Jan. 26, the company bought 10,107 BTC, taking its total holdings to 471,107 BTC, Saylor wrote in a post on … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Last week, we described bitcoin above $100,000 as a coiled spring ready to unleash energy in either direction. Unfortunately for the bulls, that energy is being released downward as market sentiment shifts in response to concerns over the impact of the low-cost Chinese AI startup DeepSeek … Read more
Bitcoin (BTC) fell just below $98,000, a near 10% drawdown from all time highs, with investors questioning the continuation of the bull run. The fall was attributed to the concerns about China’s DeepSeek Artificial Intelligence hyper-efficient model competing with the U.S. industry at a fraction of the cost. Since President Trump won the U.S. election, … Read more
Bitcoin (BTC) market sentiment has turned bearish, with Wall Street’s tech-heavy Nasdaq futures trading 700 points lower. The risk aversion is driven by concerns that the cost-effective Chinese artificial intelligence startup DeepSeek could significantly challenge U.S. technological dominance. Bitcoin’s perpetual futures funding rates, periodic payments made between long and short positions in perpetual futures contracts, … Read more
Crypto exchange Bitpanda said it secured a markets in crypto assets license (MiCA) from the German Federal Financial Supervisory Authority (BaFin). The crypto asset service provider license will enable the exchange to operate across the European Union’s 27 nations. The Austria-based company had 6 million users in December and will use the license to accelerate … Read more
Bitcoin (BTC) miners Bitdeer Technologies (BTDR), CleanSpark (CLSK) and Core Scientific (CORZ) were initiated with an outperform rating by KBW, the investment bank said in a report Monday. The three bitcoin mining companies offer varying degrees of exposure to the largest cryptocurrency, the bank said. Bitdeer offers diverse exposure to a bitcoin mining business model … Read more
Bullish bets on higher crypto prices lost $770 million in the past 24 hours as bitcoin fell under $100,000, leading to some majors rapidly losing momentum in a bloody start to the week. Solana’s SOL and dogecoin (DOGE) dropped more than 10% to lead losses among majors, while ether (ETH), BNB Chain’s bnb, xrp (XRP) … Read more
Bitcoin (BTC) dropped to under $99,000 early Monday as traders took profits ahead of the first U.S. FOMC meeting this year, scheduled for later this week, and China-based AI stalwart DeepSeek impacted U.S. tech sector sentiment. Traders expect no indications of a rate cut at the two-day FOMC meeting scheduled for Jan. 28 to Jan. … Read more
Bitcoin (BTC) may drop to $75,000 should it trigger a so-called ‘double top’ bearish reversal pattern. A double top comprises two consecutive peaks at approximately the same price, with a trendline drawn through the low point between these peaks. The failure to break above the previous peak, followed by a subsequent decline, suggests that the … Read more
Artificial Intelligence (AI) tokens are in the red during the Asia morning trading hours, with the CoinGecko category down 9%, registering bigger losses than the CoinDesk 20 – a crypto index – which is down 5%. Crypto investors, like their traditional finance counterparts, are likely digesting the impact that DeepSeek, a new AI model, is … Read more