Trump Media & Technology Group reported a net loss of $405.9 million in Q1 2026, a significant increase from $31.7 million a year earlier. The loss was mainly driven by $244 million in unrealized losses on its cryptocurrency holdings, including 9,542.16 bitcoin and 756.1 million Cronos tokens, plus an additional $108.2 million investment loss mostly from equity securities. Despite $871,200 in revenue, the company’s crypto-related markdowns heavily impacted its financial results. The firm also managed $17.9 million in operating cash flow partly through selling put options on bitcoin-related assets.
Bitcoin (BTC), the leading cryptocurrency by market capitalization, crossed the $80,000 price mark, reaching $80,209 on Binance's spot market at 12:55 p.m. ET on October 24. This milestone reflects a 0.71% increase over the previous hour, indicating ...
Crypto trader Doctor Profit announced he is increasing his Bitcoin long positions around the $80,000 price level, identifying this zone as a good buying opportunity rather than a reason to panic. He follows a strategy of adding to his positions each ...
On October 23, U.S. spot Bitcoin ETFs experienced $137.9 million in net outflows, marking a second consecutive day of withdrawals following similar outflows on October 22. In contrast, spot Ether ETFs recorded $4.4 million in net inflows the same day...
McDonald's announced the return of its McRib sandwich on October 27, reigniting a quirky market superstition linking the McRib's comeback to bullish bitcoin price movements. Historically, bitcoin posted gains after six McRib returns from 2019 to 2024...
Bitcoin's price fell 1.23% within one hour to $79,302 on Binance, marking a 2.72% decline over the past 24 hours. During this period, long liquidations across Binance, Bybit, and OKX totaled $45.14 million, significantly outweighing short liquidation...
