Bitcoin tumbled to around $65,000 on Thursday amid a wave of liquidations fueled by strong bearish sentiment, but a technical indicator suggests the cryptocurrency could be set for not just a bounce, but a bigger move up. Bitcoin’s daily Relative Strength Index (RSI), which is a popularly used momentum oscillator that assesses whether an asset […]
BTC may be poised for bigger rally based on the RSI indicator Read More »
Gemini Space Station Inc. (GEMI) is closing operations in the United Kingdom, the European Union (EU) and Australia. The crypto exchange is also reducing its staff by 25%, according to a blog post on Thursday, suggesting it is focusing resources on prediction markets. “Effective April 6, 2026, Gemini will cease operations in the United Kingdom,”
US Treasury Secretary Scott Bessent fired warning shots at crypto insiders pushing back on negotiations on a market structure bill for digital assets in the Senate — briefly aligning with Democratic Sen. Mark Warner in expressing frustration at a hearing Thursday. “There seems to be a nihilistic group in the industry that prefers no regulation
US Treasury’s Bessent Calls Out Crypto ‘Nihilists’ Who Oppose Market Structure Calculus Read More »
BitMine Immersion Technologies (BMNR), the world’s largest Ethereum-focused treasury company, is now sitting on nearly $8 billion in paper losses for ether ETH$2,113.11 fell below $2,000 on Thursday. The firm, managed by well-followed Wall Street bull Thomas Lee, accumulated 4.29 million ETH at an estimated cost of $16.4 billion, according to data from DropStab. That
BitMine (BMNR) faces $8 billion paper loss on ether hold Read More »
Strategy (MSTR), the world’s largest publicly traded bitcoin holder BTC$71,091.27is experiencing a rapid increase in losses on its large holdings. The company currently owns 713,502 BTC at an average acquisition price of $76,052. With spot bitcoin trading near $67,000, this represents an unrealized loss of nearly $6.5 billion, or about 12% relative to the average
Michael Saylor’s strategy’s BTC losses grow to $6.5 billion Read More »
In today’s newsletter, Glenn Williams Jr of ProShares writes about growing investments in cryptocurrencies outside of bitcoin. Then Michael Sena of Recall Labs answers questions about portfolio construction and diversification in Ask an Expert. – Sarah Morton Investors are expanding their crypto horizons As the number of cryptocurrencies has grown, so has investors’ appetite for
Investors are expanding their crypto horizons Read More »
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 2006.57, down 6.6% (-142.38) since 4 PM ET Wednesday. None of the 20 assets are trading higher. 09:00 CoinDesk 20 update for 2026-02-05: vertical Leaders: AAVE (-5.1%) and SOL
Ripple (XRP) falls 12.2% as index falls Read More »
German lender Deutsche Bank (DB) says bitcoins BTC$70,407.52 the latest slide is less about a single macro shock and more about a slow erosion of conviction across institutional and regulatory fronts. In a Wednesday note, the bank argued that three forces are weighing on the asset: persistent institutional outflows, a breakdown in bitcoin’s traditional market
The race to modernize capital markets with blockchain is heating up — and Europe could blow its early lead to the United States, a group of blockchain firms warned in a letter Thursday. Eight EU-regulated digital asset firms – Securitize, 21X, Boerse Stuttgart Group’s Seturion, Central Securities Depository, Lise, OpenBrick, STX and Axiology – are
EU risks falling behind US in tokenisation, digital asset firms warn Read More »
Institutional attitudes toward bitcoin dividends are beginning to shift, and there is now renewed interest in BTC rewards after years of skepticism fueled by smart-contract risk, leverage and opaque strategies, GlobalStake co-founder Thomas Chaffee told CoinDesk on Thursday. Products that allow users to earn a return on their bitcoin holdings often require BTC to be
GlobalStake Rolls Out Bitcoin Yield Gateway As Institutions Revisit BTC Yield Read More »
