Dow recovers from morning lows, indices nearly flat despite U.S. debt downgrade
Stocks opened lower on Monday as Wall Street flipped negative after Moody’s downgraded the United States’ credit rating. The S&P 500 fell 0.8% at the open, while the Nasdaq Composite dropped 1%, as the downgrade combined with broader market concerns…...
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Ethereum price dips as a whale capitulates with a big loss
Ethereum price dropped on Monday as risk-off sentiment continued in the crypto and stock markets, and after a whale capitulated at a significant loss. Ethereum (ETH) fell to $2,400 on Monday, down from this month’s high of $2,732. The decline…...
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Bitcoin Network Hashrate Rose Slightly in First Two Weeks of May: JPMorgan
The Bitcoin network hashrate rose 2% in the first two weeks of May to an average of 885 exahashes per second (EH/s), Wall Street bank JPMorgan (JPM) said in a research report Friday. The hashrate refers to the total combined computational power used to mine and process transactions on...
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CoinDesk 20 Performance Update: Index Drops 4.7% Over Weekend as All Assets Decline
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 3068.55, down 4.7% (-151.33) since 4 p.m. ET on Friday. None of the twenty assets are trading higher. Leaders: BTC (-1.2%) and XRP...
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BounceBit Pilots Bitcoin Trading Strategy Using BlackRock’s BUIDL as Collateral
BounceBit, a crypto infrastructure provider using features from both centralized (CeFi) and decentralized finance (DeFi), has executed a bitcoin (BTC) derivatives trading strategy using BlackRock’s yield-generating tokenized money market fund, BUIDL, to enhance returns. The strategy, to be rolled out to institutions and retail users, consisted of two main...
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Strategy adds $765m in Bitcoin, holdings top 576,000 BTC amid treasury shift
Strategy, formerly known as MicroStrategy, has acquired another 7,390 BTC. The Bitcoin (BTC) was purchased with approximately $764.9 million between May 12 and May 18, pushing Strategy’s total holdings to 576,230 BTC, according to an SEC filing on Monday. The…...
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HBAR price dips, but numerous catalysts point to Hedera rebound
Hedera Hashgraph price continued its downward trend on Monday, May 19, as demand for Bitcoin and other altcoins eased. Hedera Hashgraph (HBAR) dropped to $0.1870, down by almost 20% from its highest level this month and 54% from its highest…...
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Bitcoin’s Realized Capitalization Hits Record $906B – Is a Bull Run Brewing?
Bitcoin has set a new milestone in on-chain metrics. Its Realized Capitalization has reached a fresh high of $906.04 billion for the fourth consecutive week. This metric reflects the total value of all unspent Bitcoin transaction outputs (UTXOs) based on their purchase price, and has now surpassed its previous...
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Shiba Inu Sinks 16% In 7 Days: What Is Going On?
Shiba Inu (CRYPTO: SHIB) has dropped 16% over the past seven days, but rising burn rates and large transaction activity hint at brewing potential under the surface. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00001407 $8.3 billion -4% -16.2% Dogecoin (CRYPTO: DOGE) $0.2163 $32.3...
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Trump’s crypto partners abandoned hacked platform, pocketed millions
Trump’s crypto empire is once again under scrutiny, due to the past dealings of two of its key figures....
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