Russia’s largest bank, Sberbank, is moving toward offering loans secured by cryptocurrency and said Friday it is prepared to coordinate with the country’s central bank on shaping the necessary regulatory framework, according to Reuters. The lender has already tested the model in January. The bank issued the country’s first bitcoin-backed loan to one of its…
Bitcoin’s BTC$68,159.47 Feb. 5 collapse will go down as one of the most historic selloffs on record. Below are the key statistics that help define the event and indicate how much further there may be to fall. The bitcoin price started the day near $73,000 and fell to a low around $62,000, a drop —…
Wall Street bank Citigroup is dialing back expectations for Coinbase (COIN) amid a risk-off mood gripping markets. In a Friday note to clients, the bank’s analysts lowered their price target on the crypto exchange to $400 from $505, citing weaker trading volumes, softer institutional activity and ongoing uncertainty around the timing of U.S. crypto legislation….
By Omkar Godbole (All times ET unless indicated otherwise) Friday’s crypto markets are a sea of green, bouncing from yesterday’s brutal drubbing in a classic oversold rebound. But real risks linger, threatening any lasting recovery. Bitcoin has climbed back to $65,000 after flirting with $60,000, with BlackRock ETF action hinting at capitulation, that is, long-term…
Jefferies says the latest crypto selloff shows few signs of an imminent bottom, even as bitcoin and ether hover near levels that have historically drawn dip buyers. In a research note this week, the bank described the downturn as a liquidity-driven correction rather than a collapse in blockchain activity, pointing instead to continued network usage…
Talk about frenzied trading. On Thursday, BlackRock’s spot Bitcoin exchange-traded fund, tickered as IBIT, hit a wild record with over 284 million shares traded, per Nasdaq data. That’s a whopping $10 billion-plus in notional value. To put it in perspective, that smashed the old record of 169.21 million shares from Nov. 21 by a massive…
Crypto market sentiment sank to its bleakest level since the FTX collapse after bitcoin’s sharp drop this week dragged prices across the board and forced a wave of deleveraging. The widely followed Crypto Fear and Greed Index fell to 9 on Friday, a reading categorized as “extreme fear” and one that has historically only appeared…
Key takeawys: Bitcoin fell below $63,000 as weak US job data and concerns over AI industry investments fueled investor risk aversion. Options markets show a 6% chance of Bitcoin returning to $90,000 by March. Bitcoin (BTC) slid below $63,000 on Thursday, hitting its lowest level since November 2024. The 30% drop since the failed attempt…
Strategy (MSTR) reported a net loss of $12.4 billion in the fourth quarter of 2025 as the price of bitcoin BTC$71,091.27 tumbled from about $120,000 on October 1 to roughly $89,000 to close the year. Things have only gotten worse since, with the price of bitcoin falling hard in recent weeks and finally crashing on…
U.S. Treasury Secretary Scott Bessent fired warning shots at crypto insiders who are pushing back in the negotiations over a digital assets market structure bill in the Senate — briefly aligning with Democratic Senator Mark Warner in expressing frustration during a hearing on Thursday. “There seems to be a nihilist group in the industry who…
