The cryptocurrency market is having a tough week. Bitcoin ($BTC) and altcoins, already on a downward trend, are experiencing sharp declines following Strategy’s long-standing $BTC sale. At this point, Bitcoin fell to $63,000 and Ethereum (ETH) to $1,770, and Strategy founder Michael Saylor spoke after the sell-off. Saylor stated that the flow of capital from
When Zero Network announced it was shutting down last month, the reaction across crypto was weary: Another Ethereum layer-2 just bit the dust. The closure joined a growing list of struggling rollups and came amid renewed debate about whether Ethereum’s sprawling layer-2 ecosystem has become too crowded. At the same time, Ethereum creator Vitalik Buterin
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 1751.54, down 3.7% (-67.17) since 4 p.m. ET on Wednesday. One of the 20 assets is trading higher. Leaders: BCH (+1.5%) and HBAR (-2.1%). Laggards: NEAR (-15.2%) and ICP
Bitcoin has tanked over 14% in one week and 22.7% in four weeks. Strategy Chairman Michael Saylor has a simple explanation for the decline: It’s capital rotation, not impairment. In a post on X, Saylor pointed to the historic pace of AI infrastructure funding to the tune of approximately $400 billion deployed over the past
Bitcoin’s latest price decline has brought a new theory back into focus. Capriole Investments founder Charles Edwards says Bitcoin now trades with a 28% quantum discount. Edwards argues that the market is pricing in fear over slow post-quantum security planning. His model compares Bitcoin’s market price with a projected valuation path toward $120,000. Bitcoin recently
Bitcoin closed May near $70,600 after losing roughly 8% to 10% during a month dominated by rising inflation, higher Treasury yields, and escalating geopolitical uncertainty, according to a market report from Finestel. According to Finestel’s May market report shared with crypto.news, Bitcoin (BTC) entered the month with strong momentum and briefly climbed to nearly $82,839
Market data suggests that the amount of Bitcoin collectively held by ETFs and the $BTC treasury company MicroStrategy surpasses that held by pseudonymous $BTC creator Satoshi Nakamoto. CryptoQuant CEO Ki Young Ju highlighted this aspect of $BTC supply dynamics, which has not moved its price. This distribution phase feels like a massive change of hands.
The largest cryptocurrency by market capitalization has been nosediving lately, with its price posting another substantial decline over the past 24 hours. Multiple analysts believe the valuation could reach new lows in the near future, while one key indicator suggests a rebound could be on the horizon. How Much Lower? There’s no way to soften
Bitcoin has fallen more than 16% over the past month even as the S&P 500 has gained 5%, a divergence that Charles Schwab says is being driven less by crypto-specific problems and more by investors chasing opportunities elsewhere. According to Jim Ferraioli, director of digital currencies research and strategy at Charles Schwab, Bitcoin’s inability to