Bitcoin traders are scrambling to buy options bets that would pay off if the selloff deepens.
Crypto dropped across the board on Friday in holiday-thinned trading, giving back the week’s gains. With oil down 9% and the Iran deal signed, the question turns to whether this cycle gets an altseason at all.
Alexander Mashinsky, the founder of failed crypto lender Celsius, had earlier been imprisoned for fraud and is now formally banned from CFTC registration.
The bond market is sending a signal that complicates prospects of a near-term bitcoin bull run.
Total market value has held flat near $2.26 trillion since Tuesday, with the recovery losing momentum after the Fed killed rate-cut hopes and spot ETFs swung back to outflows.
The slide has paused the above-par share sales Strategy uses to fund bitcoin purchases, and it is the same stock whose dividends forced the company’s first BTC sale this month.
Heavy selling pushed XRP back through a closely watched support level, though buyers stepped in above $1.17 to prevent a deeper pullback.
Bitcoin briefly slipped below its 200-week moving average twice in the past two weeks, a rare event that Kraken says has historically marked strong entry points for buyers.
The Fed held rates but signaled it is more worried about inflation than growth in Chair Kevin Warsh’s first meeting.
BaFin-regulated BitGo says its Crypto-as-a-Service platform can help eligible crypto players across Europe with an alternative way to navigate MiCA.
Valuations shaped by M2 money supply growth paint reveal concerning trends for risk assets.
The Trump loyalist drew more crypto dollars than any candidate so far in this year’s midterms, and the result marks a big win for the industry’s political arm.