MicroStrategy stock is trading below $374 neckline with signals pointing at a strong bearish move toward $300. Fibonacci retracement levels at $402 and $394 failed to hold with $337 and $318 now acting as key markers. The next sessions will decide if MSTR holds support near $350 or accelerates into deeper decline toward $300. MicroStrategy
Story Highlights Celsius has cautioned creditors from falling prey to rising phishing scams. The Celsius creditors are set to recover 67% to 85% of their holding through the stipulated recovery plan. The third Celsius distribution will happen via the same methods including PayPal, Coinbase, Venmo, and Hyperwallet. Celsius, a defunct cryptocurrency lending platform currently undergoing
Cryptocurrencies and related stocks extended losses Tuesday as traders braced for the release of the Fed’s release of the FOMC minutes on Wednesday and Fed Chair Jerome Powell’s Jackson Hole speech on Friday. Bitcoin dropped 3.2% in the past 24 hours to slip below $114,000, while ether fell 5.3% to under $4,200. XRP tumbled 6.2%,
Crypto stocks took a sharp nosedive Tuesday as investors dumped tech and risk assets after a strong rally last week that had been fueled by growing speculation around interest rate cuts, but that momentum broke hard as traders got spooked by rising uncertainty ahead of Federal Reserve Chair Jerome Powell’s upcoming remarks in Jackson Hole,
Polkadot has launched Polkadot Capital Group, a capital markets division that connects traditional finance with its blockchain ecosystem. This move positions it at the centre of tokenization and DeFi to attract institutional players as digital assets gain traction. The division will showcase practical use cases in decentralized finance, staking and the fast-growing area of real-world
Bullish Inc. (NYSE: BLSH), a global digital asset platform catering to institutional clients, announced Tuesday it has received $1.15 billion in proceeds from its initial public offering (IPO), settled entirely in stablecoins. According to an announcement from the Cathie Wood favored firm, the transaction marks a significant milestone for the use of blockchain-based currencies in
Fed Chair Jerome Powell faces a critical dilemma ahead of his Jackson Hole speech on Friday. Citi Director and Global Economist Robert Sockin told Bloomberg Surveillance that the impact of higher tariffs on inflation worries Powell and that recent labor market data raises the possibility of a September rate cut. Sockin noted that it was
Fed officials have long been unusually divided on the issue of interest rate cuts. The minutes of the July meeting, to be released today, will reveal just how deep this division runs. The Fed minutes will be released today at 9:00 PM (UTC+3). Bitcoinsistemi.com will be providing all the information immediately. At the Federal Open
Crypto-related stocks tumbled on Tuesday in a broad-market crypto slide that brought bitcoin BTC$113,547.43 down to $113,000. Strategy (MSTR), the largest corporate owner of BTC, closed the session 7.8% down at $336, at its weakest price since April 22. Ethereum ETH$4,163.33 treasury firms SharpLink Gaming (SBET) and BitMine (BMNR) lost 8%-9%, while Solana-focused accumulators DeFi