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 balances on major exchanges saw a daily net outflow of about 1,466 BTC, while weekly and monthly inflows remained positive, indicating short-term repositioning rather than a broad market shift. Binance trading volumes across Asia, Europe, and...
Bitcoin price hovered near $65,000 but failed to sustain above this level, facing resistance from sellers around the $67,523 short-term holder cost basis. This cost basis represents the average price paid by holders of coins less than 155 days old, c...
Bitcoin is trading near $64,925, pressed against the upper half of a two-month range with critical resistance at $67,073. A daily close above $67,073 would signal a breakout, potentially pushing Bitcoin toward $74,000, the next major resistance. Conv...
Bitcoin surged to $65,340 on August 7 after US July nonfarm payrolls unexpectedly fell by 23,000, the first monthly job loss since February. This weaker employment data reduced the probability of a Federal Reserve rate hike in September from 55% to 4...
Top traders are reducing Bitcoin long positions, especially in USDT-margined futures, indicating a cooling of leveraged bullish sentiment. Data shows a notable decline in the share of accounts holding BTC longs, suggesting broad de-risking rather tha...
