Bitcoin ($BTC) has dropped 8% to a nine-week low of $65,360 from Tuesday’s high of $71,300 amid increasing geopolitical risks surrounding the US-Iran war. Key takeaways: Bitcoin slipped to $65,000 on Wednesday in a market-wide correction, liquidating $774 million in longs. Traders say Bitcoin needs to hold $60,000 as support to avoid a deeper correction
The leading cryptocurrency, Bitcoin ($BTC), surged above $82,000 in the first week of May, but this was short-lived. Since mid-May, factors such as rising geopolitical risks in the Middle East and increased ETF outflows have caused the $BTC price to fall to $65,000. However, Bitcoin has reached its lowest point at the Power Law level,
India’s crypto industry continues to await regulatory clarity and tax reforms. In an interview with Coinpedia, Nischal Shetty shared his views on the country’s crypto tax structure, the impact of the 1% TDS, stablecoin adoption, tokenized real-world assets (RWAs), and the future of crypto regulation in India. Nischal Shetty Wants TDS Reduced or Removed Shetty
Bitcoin has returned to the center of market attention after prediction markets assigned nearly even odds that the cryptocurrency would fall below $50,000 before the end of 2026. The forecasts emerged after Bitcoin declined from approximately $71,300 to $66,500, leaving the asset more 30% below its 2026 high above $100,000. At the time of writing,
Julian Sawyer, CEO of Zodia Custody, described Standard Chartered’s ongoing acquisition of the firm as a “major validation” that highlights a growing reality in mainstream finance: legacy banks cannot build institutional-grade digital asset custody safely or efficiently without proper software. Instead of treating crypto as an isolated sector, Sawyer noted that the industry is hitting
A monthly research report from Bitwise’s European arm published this week pegs bitcoin’s theoretical “fair value” at roughly $224,000 if the asset were widely adopted as portfolio insurance against G20 sovereign debt defaults. The research team described the figure as a “model-implied illustrative figure, not a price target or forecast,” however. The figure stems from
Strategy’s (MSTR) recent bitcoin sale has had an outsized impact on market sentiment, but Wall Street bank Citi does not see the move as changing the company’s long-term strategy. The bank said the sale was anticipated after Strategy signaled plans to dispose of certain tax-disadvantaged bitcoin holdings during its first-quarter earnings call as part of
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 1862.4, down 0.6% (-11.0) since 4 p.m. ET on Tuesday. Fifteen of the 20 assets are trading higher. Leaders: NEAR (+15.1%) and XLM (+5.7%). Laggards: BCH (-10.7%) and BNB