Bitcoin (BTC) and altcoins have experienced sharp declines due to the US government shutdown and dwindling expectations for the Fed’s December interest rate decision. However, after the lockdown ended and expectations for a FED interest rate cut increased, the market started the new week with recovery. Bitcoin, which fell to $80,000 on Friday, rose above
Prediction market protocol Myriad has hit $100 million in cumulative trading volume since its launch, demonstrating the “massive demand” for the burgeoning industry. Trading volume on the platform has surged 10x in just three months, while its more than 400,000 active traders have made more than 6.3 million trades and 7.3 million transactions since launch.
Wall Street bank Citigroup said crypto’s October futures wipeout shattered sentiment, sparking nearly $4 billion in bitcoin BTC$86,155.33 exchange-traded fund outflows and erasing year-to-date gains. With fresh flows drying up, bitcoin has slipped back toward the average cost basis of ETF holders and is trading more like Citi’s bear case than its base scenario. The
Wall Street bank JPMorgan is sharpening its view on U.S.-listed bitcoin miners as a wave of high-performance computing (HPC) deals reshape business models and add long-term revenue clarity. The bank upgraded Cipher Mining (CIFR) to overweight from neutral and raised its price target on the stock to $18 from $12. The shares were 4.2% higher
Strategy (MSTR), the largest publicly traded company holding bitcoin BTC$86,361.56, did not appear to have added to its bitcoin position last week. Executive Chairman Michael Saylor typically takes to X to preview buys each Sunday and then tweets out the details by around 8 am ET on Monday morning. There w were no such tweets
Coinbase’s (COIN) recent slump is an “air pocket,” not a warning sign, investment bank William Blair said in a report on Monday. The bank reiterated its outperform rating on the stock and urged investors to treat the crypto sell-off as a buying opportunity. Coinbase shares were 2.6% higher in early trading, at $246.53. The report
Enlivex Therapeutics (ENLV), an Israel-based clinical-stage biotech firm, said it’s raising $212 million in a private placement to become the first publicly traded U.S. company to adopt a blockchain-based prediction markets token as its main treasury reserve asset. The token, RAIN, powers a decentralized protocol built on the Arbitrum blockchain that allows users to create
Bitcoin trades above $86.8K with weekly sell signals as traders watch for a possible rebound or deeper downside. Notably, Bitcoin is currently priced at about $86,864, down 8.7% over the past seven days. The 7-day chart shows a clear downswing from levels near $95,000 around November 17 to a low close to $80,000 before a
Bitcoin price held above the $86,000 mark on Monday after posting a mild weekend recovery. The rebound followed a sharp pullback last week that dragged the cryptocurrency to multi-week lows. The overall crypto industry market performed a little better, with a gain of approximately 1% in the past 24 hours. This move signaled a cautious
The Fed, which has been unable to access critical data for a long time due to the US government shutdown, is preparing for its December decision. While the FED’s actions are eagerly awaited under limited data, the FED is experiencing a major division within itself. As you may recall, Wall Street Journal reporter Nick Timiraos,