Bitcoin surged over $2,000 in four hours on May 14, breaking above $82,000 and triggering a $145 million short squeeze. This rally followed a volatile session impacted by U.S. inflation data and was boosted by optimism around President Trump's China summit and the U.S. Senate's advancement of the CLARITY Act. The surge lifted bitcoin's market cap to $1.63 trillion and helped the broader crypto market approach $2.8 trillion. Investors remain cautious as ongoing inflation and energy price pressures could increase market volatility and liquidation risks.
CME Group plans to introduce Nasdaq CME Crypto Index futures on June 8, pending regulatory approval. This new market-cap weighted product offers institutional investors exposure to seven major cryptocurrencies, including XRP, Bitcoin, Ethereum, Solan...
Mark Yusko, founder of Morgan Creek Capital, believes Bitcoin has likely bottomed near $60,000 despite recent $630 million Bitcoin ETF outflows, which he attributes to institutional arbitrage rather than investor panic. He warns that broader market r...
Metaplanet reported a $750 million net loss in Q1, mainly due to the crypto market downturn affecting its Bitcoin holdings. The company planned to issue preferred stocks to fund Bitcoin purchases and reduce share dilution, similar to Strategy's succe...
CME Group has included XRP in its new Nasdaq Crypto Index, joining Bitcoin, Ether, and other major altcoins. This move coincides with CME's transition to 24/7 crypto trading starting May 29, enhancing liquidity and market access. XRP's inclusion mean...
Ethereum is trading near high levels supported by positive macro sentiment and strong equity markets, following Bitcoin's recent surge above $80,000. Investors are watching if ETH can sustain a breakout like Bitcoin, driven by institutional demand, E...
