Leading cryptocurrencies like Bitcoin, Ethereum, XRP, and Dogecoin dropped sharply amid ongoing US strikes on Iran entering their 13th day, which heightened geopolitical risks and reduced investor appetite for risk. Bitcoin fell back to the mid-$64,000s, Ethereum to around $1,800, and over $250 million was liquidated in the crypto market within 24 hours. Stocks also declined, with major indexes like the Dow Jones and Nasdaq falling. Analysts suggest the current dip may present a buying opportunity for long-term investors, noting Bitcoin's risk-adjusted returns have reached levels seen at previous market bottoms. However, the correction is seen as negative for the broader market in the short term.
Bitcoin has experienced one of its longest unprofitable stretches, diverging from the equities market in 2025. However, the Bitcoin-to-Apple (AAPL) stock ratio remains within a decade-long ascending channel, nearing its lower support line, which hist...
Bitcoin climbed 4.4% to $65,000 following softer US inflation data, boosting crypto market sentiment even as US stocks fell. The broader crypto market gained 1.7%, contrasting with a 2.9% drop in the Nasdaq, showing crypto's growing independence from...
Cryptocurrency markets saw a general downturn with Bitcoin trading around $64,817, down 1.58%. Major altcoins including Ethereum, Dogecoin, and Avalanche also experienced significant price drops, with Dogecoin falling nearly 4.8% and Avalanche down o...
Bitcoin dropped nearly 2% to trade below $64,700, losing about $20 billion in market value and triggering $42.3 million in long position liquidations. The decline followed stalled progress on the U.S. Senate's CLARITY Act and a surge in oil prices ab...
Dave Portnoy, founder of Barstool Sports, is selling his XRP holdings at $1.40 instead of waiting for the price to reach $2. He needs the cash urgently to participate in upcoming thoroughbred horse auctions in Saratoga and Cleveland. Portnoy's decisi...
