Strategy (formerly MicroStrategy) told preferred shareholders that its so-called USD Reserve was their safety net. Half a year later, it drained most of it to retire zero-coupon debt that was costing the company nothing in interest. Indeed, in December, Michael Saylor’s Strategy said it established a $1.44 billion USD Reserve “to support the payment of
Bitcoin is down 3.35% over the past 24 hours to $73,281.93, underperforming an already weakening crypto market as renewed Middle East tensions and heavy institutional selling pressure continue weighing on risk assets. The asset is also showing a strong 83.6% correlation with gold, signaling that macroeconomic fears are heavily influencing current price action. Amid the
Thursday’s PCE report is now the main macro event for global markets. Core PCE is expected at 0.28% month-over-month and 3.3% year-over-year. On the other hand, Headline PCE estimates sit at 0.44% monthly and 3.8% annually, according to median forecasts shared by the Wall Street Journal’s Chief Economics Correspondent Nick Timiraos. If the numbers land
Bitcoin price has fallen toward the $73,000 region after a wave of ETF outflows, derivatives pressure, and long liquidations triggered fresh panic across the crypto market. According to crypto.news price data, Bitcoin ($BTC) price dropped more than 4% over the past 24 hours and briefly touched the $72,800 area on May 28 after bulls failed
CME Group has officially entered the always-on crypto market. Beginning Friday, CME Bitcoin futures and options now trade 24 hours a day, seven days a week on Globex, CME’s electronic trading platform, with only a 60-minute weekly maintenance pause between 10PM and 11PM UTC each Sunday. While weekend trades will still clear on the next
The global stock market is reacting to a tougher regulatory climate after China’s action against three of the country’s biggest online brokers. The country has imposed limits on unauthorized trading platforms abroad. It turns out that the new regulations are now hitting zones outside China. This move has disrupted retail investors who look for international
Crypto’s next big trade may not be a new token at all. In a new market-structure thesis, $HTX Research argues that on-chain U.S. equity perpetuals could become the next major opportunity, shifting attention from speculative token narratives toward American stocks, especially AI-linked names and pre-IPO trades. That idea matters because it points to a deeper
Bitcoin (BTC) is down to around $73K amid ETF outflows and geopolitical tension. Over $2B in ETF outflows and $900M liquidations added selling pressure. The key support sits at $72,650 with RSI near oversold levels at 34.82. Bitcoin slipped below the $73,000 level as a combination of geopolitical escalation, heavy ETF redemptions, and large institutional
Bitcoin slipped below $75,000 for the second time in May, touching an intraday low near $74,200 as the market’s recovery from spring lows lost momentum again. The first break came on May 23, when spot ETF outflows and forced liquidations pulled $BTC to below $75,000. Then, amid a sell-off in Asian markets, Bitcoin has dipped
Bitcoin is facing a mixed market setup as exchange reserves fall to rare lows while short-term price indicators and holder profitability remain weak. Bitcoin exchange reserves have fallen to 2,666,753 $BTC, according to CryptoQuant data shared by thechessONCHAIN. The last comparable reading came on August 31, 2019, when Bitcoin traded near $9,430. Bitcoin now trades