The cryptocurrency market started the new week with harsh selling pressure. Ethereum (ETH) fell below the $2,800 level to trade at $2,743, losing 9.90% in the last 24 hours, according to Binance data. The situation was similarly negative for Bitcoin (BTC). BTC fell below the $84,000 threshold to $84,113, marking an 8.03% daily pullback. This
Bitcoin began the week with a sharp drop below $86,000, with on-chain data indicating a pattern where large wallets slow down their buying pace while smaller wallets increase their buying. Analysts note that this divergence is typically seen when the market enters “late-cycle vulnerability.” Onchain data shows that long-term investors and large wallet holders have
December has started poorly for the cryptocurrency market. Bitcoin (BTC) and altcoins have experienced a sharp decline in the last 24 hours due to macroeconomic factors. While some analysts stated that this decline could continue even further, one of them was Bloomberg Intelligence strategist Mike McGlone. Sharing from the X account, the Bloomberg analyst stated
The approximately 5% drop in Bitcoin prices during the day was quickly reflected in stocks as the US markets opened. MicroStrategy (Strategy Inc.), a company with a high leverage in Bitcoin, was one of the companies most heavily affected by the sharp sell-off. MicroStrategy’s Class A stock closed at $164.92, a 6.92% decline. The stock
As Canada turns to stablecoin regulation, Scotiabank argued that the move is unlikely to shake domestic markets. Any framework is really about upgrading payment speed, efficiency and 24/7 settlement, rather than managing systemic risk, economist Derek Holt wrote in last week’s report. In November, the government committed itself to legislation that will regulate stablecoins backed
Following the sharp volatility in crypto markets over the weekend, QCP Capital explained that macroeconomic pressures were behind Bitcoin’s decline from $91,000 to $85,000. The Bank of Japan’s (BOJ) more hawkish tone than expected dampened risk appetite, while weaker PMI data from China fueled market concerns, the QCP said. Analysts emphasized that these two factors
Fundstrat co-founder and BitMine president Tom Lee, known for his bold predictions about Bitcoin and the cryptocurrency market, shared his latest predictions for Bitcoin (BTC) and Ethereum (ETH). Speaking on the YouTube channel Altcoin Daily, Tom Lee said that 2026 could be a strong year for both cryptocurrencies and stock markets. At this point, Lee
Wall Street broker Benchmark said bitcoin’s BTC$86,208.60 price pullback has revived the usual alarms about the survival of bitcoin treasury company Strategy (MSTR), concerns it dismisses as noise that surfaces whenever the cryptocurrency falls. In a report published Monday, analyst Mark Palmer argued that critics are confusing short-term moves with genuine solvency risk, overlooking a
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 2722.81, down 7.3% (-213.41) since 4 p.m. ET on Friday. None of the 20 assets are trading higher. Leaders: BCH (-4.8%) and BTC (-5.7%). Laggards: NEAR (-13.8%) and AVAX
Facing questions from critics about its ability to fund dividends on its various classes of preferred stock, Strategy (MSTR) and its Executive Chairman Michael Saylor early Monday announced the formation of $1.44 billion U.S. dollar reserve. The reserve was raised via the sales last week of common stock and the company initially intends to keep