Some online chatter seems to speculate that retail investors may be selling crypto to chase the biggest IPO ever. The Elon Musk-owned rockets, satellite and AI company SpaceX is selling up to 30% of its record $75 billion offering straight to retail investors through Robinhood, Fidelity and Charles Schwab, more than three times the slice…
Crypto investment opinions are changing in less than 24 hours these days. Arthur Hayes, co-founder of crypto exchange BitMEX and chief investment officer of family office Maelstrom, said on Friday the firm had sold its entire stake in Worldcoin, the digital token tied to Sam Altman’s eye-scanning identity project, a day after he said it…
In recent weeks, bitcoin BTC$60,768.03 sentiment has been most bullish when the price was highest and most bearish exactly when it was most stressed, according to Santiment data covering May 21 through June 4. Peak bullishness hit on May 22, with bitcoin near its high of $78,000 for the period. The most bearish came June…
Bitcoin reclaimed the $61,000 level in Asian morning hours Saturday after briefly dipping below $60,000 overnight, steadying after a strong U.S. jobs report on Friday triggered a sharp selloff across stocks, bonds and crypto. The token fell as low as $59,227 before buyers stepped back in, and was trading around $61,000, down about 1.3% on…
Arthur Hayes, chief investment officer of Maelstromfund, said he liquidated his entire zcash (ZEC) position after a developer disclosed a potential critical vulnerability in the network’s Orchard Pool. Hayes, who previously championed the privacy token, said on X that while he believed it was extremely unlikely that any minting would take place, it could not…
Cardano is getting attention again, but not the kind holders usually want. ADA fell to around $0.16 on Thursday, down nearly 30% over the past seven days and more than 75% over the past year, CoinDesk data show. The token briefly traded below $0.16, its lowest level since December 2020, extending a drawdown that has…
Bearish bets on privacy-focused zcash (ZEC) climbed to a record as the token slumped as much as 50% in 24 hours after a now-plugged vulnerability in its Orchard pool was disclosed. ZEC recorded roughly $118 million in forced liquidations over the period, CoinGlass data shows. That is remarkably small for a token whose price halved,…
The U.S. economy added 172,000 jobs in May, nearly double economists’ expectations, strengthening the case for Federal Reserve rate hikes this year. The unemployment rate held steady at 4.3%, according to data released Friday by the Bureau of Labor Statistics. Bitcoin BTC$61,036.23 remained under pressure following the report, trading below $62,000 as the broader crypto…
XRP is no longer fighting over $1.20. It’s fighting over whether $1.10 holds. The latest selloff came with the kind of volume usually associated with forced liquidations rather than orderly selling, pushing the token to its weakest levels in months before dip buyers finally showed up near $1.09. News Background • XRP ETFs recorded roughly…
Bitcoin BTC$62,300.09 tumbled below $60,000 on Friday, breaking the lows of the early February crypto crash and reaching its weakest level since October 2024. The largest cryptocurrency is down nearly 20% in just the past week, and now has lost more than 52% since its October peak above $126,000. Bitcoin (BTC) price on June 5…
