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 1975.1, down 0.8% (-14.99) since 4 p.m. ET on Thursday. Three of the 20 assets are trading higher. Leaders: NEAR (+1%) and HBAR (+0.5%). Laggards: TAO (-4%) and ICP
Bitcoin may be struggling right now, but Anthony Pompliano says that could actually be part of a much bigger cycle. Speaking in a CNBC Squawk Box interview, Pompliano explained that many investors are currently chasing AI-related stocks because they are delivering strong momentum and fresh all-time highs, while Bitcoin has fallen out of favor in
Bitcoin has lost the bear market resistance band after briefly breaking above it, suggesting that the price downtrend could continue. It is not looking good for Bitcoin ($BTC) here. While it has dropped 5% in the past seven days, a recent discovery suggests that bears are just regaining full control of the market, and prices
Strategy is facing renewed scrutiny over its preferred stock financing model as investors question whether dividend obligations could eventually pressure the company to sell some of its Bitcoin. The Strategy situation has “gotten out of hand,” Arca chief investment officer Jeff Dorman said in an X post on Thursday, referring to its roughly $15 billion
Texas is seeking a custody and liquidity provider to help move its Strategic Bitcoin Reserve from BlackRock’s iShares Bitcoin Trust (IBIT) spot Bitcoin exchange-traded fund (ETF) into directly held coins, according to a state procurement document. The move, posted May 7 and announced in a Thursday release from the Texas Comptroller’s office, would move Texas
Bitcoin is stabilizing near $73,500, about 10% below its monthly high of $81,000. Data suggests the stall reflects a shortage of new buyers rather than a plethora of sellers. Risk assets broadly advanced after reports that U.S.-Iran negotiations could reopen the Strait of Hormuz, a vital oil passageway, lifted sentiment. “The expectations of a de-escalation
U.S. spot bitcoin ETFs have now recorded nine consecutive trading days of net outflows, marking the longest withdrawal streak since the products listed in January 2024. SoSoValue data Over the nine-session run, investors pulled roughly $2.8 billion from the funds, surpassing any previous period of sustained selling pressure. U.S. spot bitcoin ETFs have shed approximately
Binance founder Changpeng Zhao (CZ) argued on Friday that most artificial intelligence (AI) companies will go bust, even as Anthropic closed in on a $1 trillion valuation and OpenAI moved toward its initial public offering (IPO). His warning landed during one of the busiest stretches in AI fundraising history, with two private firms now collectively
Strategy’s perpetual preferred security, Stretch (STRC), fell as low as $97.11 on Thursday as bitcoin slipped to the $73,000 mark. STRC tends to face selling pressure during bitcoin drawdowns and in the days immediately following its ex-dividend date, as seen on Nov. 20 and Feb. 5. The ex-dividend effect typically results in a price adjustment
Bitcoin is trading near $73,000 as charts from Man of Bitcoin and CW show $BTC at a short-term decision point. One setup warns that bullish momentum is weakening, while the other shows shorts closing as selling pressure starts to fade. Bitcoin Price Tests $73K as $BTC Bearish Roadmap Puts Support in Focus Bitcoin is trading