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There Are Millions of Crypto Tokens. Almost None Have Any Value
Bloomberg71d agoneutral
There Are Millions of Crypto Tokens. Almost None Have Any Value

(Bloomberg) -- Charles Hoskinson is angry.Most Read from BloombergTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX Inks $30 Billion Computing Power Deal With GoogleSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PThe founder of Cardano, one of the world’s largest cryptocurrency networks, recently posted a video warning users to brace fo

Analyst who nailed 2021 Bitcoin crash sends another warning
TheStreet71d agobearish
Analyst who nailed 2021 Bitcoin crash sends another warning

Benjamin Cowen, the analyst widely credited with calling the 2021 crypto collapse, has issued another sobering read on the market. The warning capped a punishing week. It began when Strategy (NASDAQ: MSTR) made its first Bitcoin (BTC) sale in years. It might have been a tiny 32 BTC against its ...

Gold bull warns Bitcoin could face ‘Black Monday’
TheStreet72d agoneutral
Gold bull warns Bitcoin could face ‘Black Monday’

Bitcoin fell below $60,000 on June 5 for the first time since October 2024, extending a sell-off that has erased all gains made since US President Donald Trump’s election victory. The decline followed Strategy’s first Bitcoin sale since 2022, continued outflows from US spot Bitcoin exchange-traded ...

LIVE: Bitcoin crashes below $60K for first time in 20 months
TheStreet72d agobearish
LIVE: Bitcoin crashes below $60K for first time in 20 months

Bitcoin crashed below $60,000 on June 5, deepening a sell-off that picked up pace after a surprise disclosure from Strategy about a partial sale of its Bitcoin holdings earlier this week on June 1. The move caught markets off guard and added fresh pressure to an already fragile sentiment ...

Bitcoin Falls Below $60,000 for First Time Since 2024 Trump Win
Bloomberg72d agobearish
Bitcoin Falls Below $60,000 for First Time Since 2024 Trump Win

(Bloomberg) -- Bitcoin fell below $60,000 for the first time since October 2024, extending its reversal from market darling after the reelection of US President Donald Trump to a casualty of a rapidly changing speculative landscape.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSaylor’s Bitcoin Machine Is Misfiring on Every CylinderWhat to Expect From Apple’s AI, Siri and iOS 27 Launch at WWDC‘Sell Ind

Bad News for XRP and Bitcoin Investors. Retail Investors are Fleeing Crypto.
24/7 Wall St.72d agoneutral
Bad News for XRP and Bitcoin Investors. Retail Investors are Fleeing Crypto.

On Bloomberg Tech, live from San Francisco today, a venture capital investor laid out a striking thesis about what’s actually happening inside the cryptocurrency markets. Retail investors now make up 70% of crypto markets, down from 90%, while institutional participation has climbed from 10% of the digital asset economy to between 20-30%. The shift is ... Bad News for XRP and Bitcoin Investors. Retail Investors are Fleeing Crypto.

Bitcoin Falls Below $60,000
The Wall Street Journal72d agobearish
Bitcoin Falls Below $60,000

Bitcoin, the largest cryptocurrency, briefly dipped below $60,000 before staging a slight recovery. The largest cryptocurrency traded as low as $59,775 around midday Friday, its lowest intraday level since October, 2024.

BitMine Slides 5%, Strategy Falls 4% as Crypto Crash Deepens on Ethereum’s 7% Plunge
24/7 Wall St.72d agobearish
BitMine Slides 5%, Strategy Falls 4% as Crypto Crash Deepens on Ethereum’s 7% Plunge

Shares of Bitmine Immersion Technologies (NYSE:BMNR) are down 5% to $16.91 in early Friday trading, while Strategy (NASDAQ:MSTR) is off 4% to $124.38. The slide tracks a fresh leg lower in crypto. Ethereum (CRYPTO:ETH) is down 7% over the past 24 hours to $1,665, dragging BMNR stock with it as the largest corporate ETH holder. ... BitMine Slides 5%, Strategy Falls 4% as Crypto Crash Deepens on Ethereum’s 7% Plunge