Trying to figure out where bitcoin’s going to go in 2023? You’re probably better off asking a Magic 8 ball. Bitcoin is down some 65% over the past year and the outlook for 2023 is &#...
Tag: Equities
The Block: Mining stock report: Monday, December 5
Most bitcoin mining stocks tracked by The Block traded lower on Monday, with a couple of of firms seeing double-digit declines. Bitcoin was trading at around $16,900 by market close, according t...
Bitcoin, ether both trading lower as crypto stocks lead Monday declines
Cryptocurrency prices traded down on Monday, with bitcoin slipping below $17,000. Crypto-related stocks fell across the board, with declines lead by Silvergate. Bitcoin was trading at $16,932 sh...
Maple token down more than 24%, cuts ties with Orthogonal Trading following $36 million default
Maple Finance’s token, Maple (MPL), plummeted on Monday following the revelation that Orthogonal Trading defaulted on $36 million of loans on the crypto lending protocol. Orthogonal Trading inte...
Cryptocurrencies rise as shares of Block and Silvergate decline with traditional markets
Crypto prices were in the green on Monday while stocks declined across the board. Grayscale’s ether trust hit a new low. Bitcoin has been trading above $17,000 since about noon EST on Sun...
BofA is selling U.S. equities rally on worries that unemployment will be ‘shocking’ in 2023
Strategists at BofA Global Research said it is time to sell the U.S. stock market rally ahead of a potential surge in the unemployment rate next year. “Bears (like us) worry unemployment in 2023 will...
GBTC’s near $11 billion assets under management pose a risk in the bear market: UBS
Your size is not Grayscale’s size Grayscale’s size can be extremely problematic in a bear market, Kachkovski said. Any sale would widen the GBTC discount further but not necessarily affec...
Bitcoin, ether, crypto stocks plummet following bumper U.S. jobs figures
Cryptocurrencies dropped in line with equities, while U.S. Treasury yields rose after U.S. jobs data for November beat expectations. Non-farm payrolls for the month came in above estimates at 2...
BofA Says Sell Equities Rally Ahead of 2023 Unemployment Shock
(Bloomberg) — Stock investors’ optimism around a cooling labor market and a Federal Reserve pivot is overdone, according to Bank of America Corp. strategists, who recommend selling the rally ahe...
Bitcoin dips under $17,000, Block and Coinbase see mixed fortunes and Silvergate sinks
Crypto prices traded down on Thursday as bitcoin flipped either side of $17,000 just 24 hours after reaching a two-week high. Meanwhile, crypto stocks traded in a wide range during the day’...
Bitcoin clings to two-week high, crypto stocks continue to tick upward
Crypto prices are holding steady at their highest since the FTX fiasco in early November, in line with broader financial markets. Bitcoin rose 1.8% since yesterday, trading at $17,132 at 8:45 a....
TP ICAP gets FCA approval to offer crypto services to institutional clients
Capital markets firm TP ICAP has received approval from the UK’s Financial Conduct Authority (FCA) to register as a cryptoasset exchange provider. TP ICAP’s new exchange, known as F...
Bitcoin trades over $17,000 following Powell’s speech, December decisions loom large
The Fed is likely to slow its rate increases in December, while upcoming inflation data and the first U.S. House committee hearing on the FTX collapse also loom large for markets. “It wil...
Bitcoin, ether tick higher as Silvergate stock dips, GBTC discount widens
Cryptocurrencies traded higher, while some crypto-related stocks dipped over contagion fears. Bitcoin rose 1.6% from yesterday, trading at $16,448 at 8:30 a.m. Eastern, according to CoinGecko. ...
Bitcoin, ether track traditional markets lower amid China Covid restrictions, unrest
Bitcoin and ether slipped more than 2% at 8:30 a.m. ET, tracking traditional markets lower, spooked by unrest in China over protests against Covid-19 restrictions. Bitcoin was lower but trading ...
Dogecoin and Binance’s BNB tack on double-digit gains
Bitcoin and ether moved sideways for the most part last week, as some altcoins moved higher. Bitcoin was changing hands at about $16,559 at 8:30 a.m. ET Sunday, representing a decline of about ...
Dogecoin leads gains, bitcoin and ether dip as stock trading resumes on Wall Street
Altcoins and memecoins led gains, while major cryptocurrencies dipped slightly. Bitcoin fell 0.2% from yesterday, trading at $16,492 at 8:00 a.m. Eastern, according to CoinGecko. Ether was chang...
Crypto prices pare initial gains after Fed minutes show a slow down ‘soon’
Crypto prices rose and quickly came back down upon the release of the minutes showing that the Fed is going to “slow” down its hikes. The Federal Open Market Committee (FOMC) — which decid...
Block.one and CEO Blumer amass 17% stake in Silvergate
Block.one CEO Brendan Blumer has acquired a 9.3% stake in Silvergate with the Nov. 16 purchase of 2.9 million shares of the company’s stock, according to documents filed with the U.S. Securities...
Bitcoin, ether, altcoins, crypto stocks are all buzzing pre-market ahead of Fed minutes
Altcoins led a rally across crypto asset prices, with some adding double-digit gains. Binance’s BNB rose 13%, and Litecoin’s LTC was up over 15%. Bitcoin rose 3.2% over the past 24...
Core Scientific warns of ‘substantial doubt’ to continue operations, posts $435 million loss
Bitcoin miner Core Scientific will need extra liquidity to keep operations going past November 2023 — and it’s facing a steep uphill battle to do so. “The ability to raise funds thro...
Tesla Drops To New 52-Week Low As CEO Checks Blue Checkmarks
Tesla Model S electric car at a supercharger charging station getty Tesla shareholders must wondering what is going on. The stock is hitting new 52-week lows and the Chief Executive Officer is spendin...
Coinbase, Silvergate rise in pre-market trading, GBTC lifts off fresh lows
Most major cryptocurrencies were lower on Tuesday morning, but some altcoins bucked the downward trend. Bitcoin was down 0.9% over the past 24 hours, trading at $16,003. Meanwhile, ether droppe...
China Equities Lower As Dynamic Zero COVID Is Tested
China Last Night KraneShares Key News Asian equities were mixed overnight as China markets lagged the rest of the continent as an area near Beijing was shut down partially. China’s dynamic COVID polic...
FTX collapse leads to contagion, equities hit hardest
Crypto markets and equities tied to the industry felt the pressure last week as the situation around crypto exchange FTX continued to unravel. Bitcoin was changing hands at around $16,550 at 2:1...
Exchanges rushed to show proof of reserves. It’s not enough.
Centralized exchanges still standing after the fall of FTX rushed to show proof of reserves. It’s a nice show, but it’s not enough, experts say. Proof of reserves — or showing exactl...
Coinbase, Silvergate and crypto stocks tick lower, Grayscale trusts hit new lows
Crypto prices traded up marginally on Friday, while shares in Coinbase and Silvergate continued to trade lower. Bitcoin was up 0.1% over the past 24 hours, trading at $16,693. Meanwhile, ether ...
Uruguayan unicorn reports $5.6 million stuck in FTX as damage adds up
Uruguayan payments unicorn DLocal has $5.6 million tied up on FTX, the company said in a filing. “We are not working with any other crypto exchange as banking service, and our exposure to the cr...
Crypto stocks sink lower as cryptocurrencies tread water
Crypto prices were treading water on Thursday while stocks led equity market losses. Bitcoin gained 0.2% to $16,501 over the past day, while ether shed 0.3% to trade at $1197, according to data via C...
Gemini, OKX, Crypto.com experienced ‘severe’ outflows as stablecoins see exodus: JPMorgan
Gemini, OKX and Crypto.com experienced “severe” outflows over the past week while a declining stablecoin market shows an investor exodus, according to analysts at JPMorgan Chase. Exc...
The Block: Bitcoin mining stock report: Wednesday, November 16
The majority of bitcoin mining stocks tracked by The Block traded down today. Core Scientific and Marathon Digital were the two biggest losers on Wednesday. Both bitcoin miners declined over 12...