Our detailed market analysis is being prepared and will be published here soon — stay tuned for insights and trends.
1407 ET - Bitcoin is down 0.8% to $83,904, coming down from around $87,000 last week. Bitcoin rose to its highest since late January, and has the legs to push even higher, says CK Zheng of ZX Squared Capital. "I believe Bitcoin's current four-year bear market cycle is near its end," says Zheng. "The…
Cryptocurrencies are falling as investors back a stronger dollar ahead of an increasingly likely Federal Reserve rate hike next month, IG's Chris Beauchamp writes. A rally across crypto assets early last week stalled as investors bet on the greenback, with "a stronger dollar carrying almost all befo…
Ethereum falls as elevated Treasury yields and the prospect of tighter monetary policy reduce risk appetite, Zaye Capital Markets analyst Naeem Aslam says in a note. Restrictive macroeconomic conditions are offsetting inflows into ethereum exchange-traded funds and renewed ethereum accumulation by l…
By Fabiana Negrin OchoaCrypto exchange Bitget suspended withdrawals after hackers breached a backend system to siphon about $351.6 million of funds.Bitget said its security systems detected the unauthorized transfers and activated response protocols immediately.The hack only affected "hot wallets," …
By Neil Mehta, Caitlin Ostroff and Katherine LongTraders on the prediction market Kalshi have made almost one million trades in a single market since August that were in nearly identical amounts, unusual activity that has caught the eyes of federal regulators and traders.A Wall Street Journal analys…
Hyperliquid tokens are closing in on $100 — finding a new record-high of $96.68, up 2.8% for the day. That makes it about 25% that Hyperliquid has gained in the past week alone, and over 280% year-to-date. HYPE and Zcash are the two hottest gainers among cryptocurrencies with market capitalization i…
By Joseph Wilkins and Kirk MaltaisBitcoin pulled back after Monday's blockbuster rally, but is still hovering around its highest levels since late January.The flagship cryptocurrency partly pared earlier losses to trade 0.6% lower at $86,443, having briefly punched through $87,000 in the previous se…
By Ty RoushSoFi Technologies started settling card transactions using its own stablecoin on Tuesday, a program the company says is the first of its kind for a U.S. bank.All debit- and credit-card transactions will be settled using SoFiUSD, its dollar-backed stablecoin, over Mastercard's payments net…
0851 ET - Restaurant stocks are once again under pressure from a host of external factors--"some real, some perhaps overplayed, all hard to predict," Morgan Stanley analysts say in a note. Higher gas prices, interest rates and cost pressures are all weighing on the industry, the analysts say. Politi…
By Joseph WilkinsBitcoin was trading at a near four-week low Wednesday as investors await the Federal Reserve's interest-rate decision later in the day, after the digital currency fell Tuesday following the U.S. Senate's rejection of a crypto-friendly bill.Bitcoin traded at $75,491 in early European…
Cryptocurrency companies are facing a more volatile regulatory environment as a result of the Clarity Act's failure to pass a procedural Senate vote, Bitget Chief Executive Gracy Chen says. The crypto-friendly legislation fell 11 votes short of progressing through the upper house Tuesday. Though the…
By Joseph WilkinsBitcoin was trading at a near four-week low Wednesday as investors await the Federal Reserve's interest-rate decision later in the day, and after the digital currency fell Tuesday following the U.S. Senate's rejection of a crypto-friendly bill.Bitcoin traded at $75,877 in afternoon …