S&P Global has excluded Bitcoin (BTC) and XRP from its crypto index because these cryptocurrencies do not generate revenue, despite their large market caps. This change reflects a shift in the index's criteria, prioritizing revenue-generating projects over market capitalization alone. The exclusion has led to a drop in market confidence for XRP reaching a new all-time high by the end of 2026, with odds falling from 8% to 7%. Investors will be watching for further updates from S&P Global and any responses from Ripple or regulatory developments that could affect XRP's future.
GSR increased Bitcoin's allocation in its Core3 model portfolio to 40.9%, up 12.3%, following a recent market decline affecting Bitcoin, Ether, and Solana. Ether's share dropped to 28.7% and Solana's to 30.4%, reflecting their larger losses and highe...
The 10-year U.S. Treasury yield briefly rose to 5.35% on October 7, marking its highest level since 2002, while the 30-year yield reached a 24-year high of 5.724%. This increase in yields has pushed long-term borrowing costs higher across markets. Co...
Bitcoin led a $121 billion crypto market sell-off on October 7, falling over 3% from $85,550 to below $83,000. The drop triggered more than $600 million in liquidations, mostly from short positions. Despite strong US stock market gains, Bitcoin's dem...
On October 7, Bitcoin experienced $12.39 million in long-position liquidations within one hour ending at 9:46 a.m. ET, as its price fell 0.54% from $83,455 to $83,003. Total liquidations during this period reached $12.40 million, with nearly all from...
Dogecoin led losses among major cryptocurrencies, dropping about 7% to $0.089 as Bitcoin, Ethereum, and XRP also declined amid a broad market selloff. The selloff is linked to rising oil prices above $100 per barrel, higher U.S. Treasury yields surpa...
