In brief Bitcoin’s 50% drawdown from its $126,000 all-time high is its shallowest to date, compared to 2012’s 90% correction. Analysts point to ETF outflows and macro tightening as signs the bear market isn’t over. $60,000 and $55,000 to $45,000 are key levels to watch if selling pressure continues, Decrypt was told. Bitcoin’s price action
Bitcoin’s latest upward move has sparked debate among market participants, and some believe the rally may have little to do with the purchase announcement that received the most attention. While the acquisition is generally viewed as constructive for the broader market, it is not necessarily the type of development that would justify a significant upward
Securitize CEO Carlos Domingo said he believes tokenized equities and ETFs, not private credit or Treasury products, will be the asset class that ultimately drives the real-world asset (RWA) market into the trillions. Speaking at a ETHConf panel in New York on Tuesday, Domingo argued that bringing stocks and exchange-traded funds onchain could unlock a
Changpeng Zhao (CZ), the founder and former CEO of Binance and one of the most followed figures in the cryptocurrency world, was forced to make a statement following the market’s recent extremely poor performance. After recovering somewhat yesterday, Bitcoin’s price fell by around 3% today due to the decline that also deeply affected gold and
U.S. President Donald Trump recently said an agreement with Iran could be signed within the next “two or three days,” signaling that tensions in the Middle East may be easing. Meanwhile, Bitcoin has recovered from recent lows below $59,500 and is now trading around the $63,000. Trump: “Agreement with Iran can be signed in 2-3
Bitcoin traders have positioned for a Federal Reserve pause next week, with CME FedWatch data showing a 98.2% probability that policymakers will leave interest rates unchanged at the June 16-17 meeting. According to CME FedWatch data, markets are assigning only a 1.8% chance of a rate cut and no meaningful probability of a rate increase,
Standard Chartered maintained its call for Bitcoin to reach $100,000 by Dec. 31, even after the cryptocurrency briefly fell below $60,000 last week for the first time since October 2024. Geoffrey Kendrick, the bank’s global head of digital assets research, called the selloff “painful” but argued the bulk of selling may be over, adding that
Bitcoin has fallen back below $61,500 on Monday, extending a punishing stretch that has now erased more than 8% of its value over the past seven days and pushed the total crypto market cap down to levels not seen since the early part of the year. Into that environment, Changpeng Zhao, the founder of Binance
Three of Japan’s biggest banks, MUFG Bank, Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Bank, are in line to co-issue a stablecoin pegged to the Japanese yen before the end of Japan’s fiscal year 2026 in March 2027, according to reports coming out of Japan. The three financial institutions are close to signing a formal