Crypto prices soared throughout the day as the turmoil in U.S. regional banking continued and interest rate hike expectations were recalibrated. The target rate probability of no increase next ...
Tag: Equity Movers
Bitcoin falls to $20,000, leads drop in crypto prices as JPMorgan remains negative on crypto
Crypto prices continued to trade down driven lower by the latest U.S. banking casualties and worsening market sentiment. Bitcoin was trading around $19,990, down 5% in the past 24 hours, according to...
Bakkt’s Q4 earnings dragged down by goodwill impairment charge of $272 million
Bakkt reported an increase in revenue and expenses in the fourth quarter, driven by another large impairment charge. Revenue came in at $15.6 million, below FactSet estimates of $16 million, but...
GBTC discount narrows, bitcoin trades above $22,000 as Silvergate leads drop in stocks
Markets • March 8, 2023, 11:04AM EST Grayscale’s premier fund traded higher as its discount narrowed following what some perceived as a successful day in court. Crypto prices slipped across the ...
Crypto prices whipsaw on Fed Chair Powell’s Congressional testimony
Markets • March 7, 2023, 11:21AM EST Markets sank initially on the release of U.S. Federal Reserve Chair Jerome Powell’s testimony to Congress before rebounding slightly. Bitcoin was tradi...
Bitcoin, crypto prices tread water ahead of pivotal Powell testimony and US jobs data
Crypto markets were relatively flat to start the week ahead of Jerome Powell testimony and some significant economic indicators. Bitcoin was trading around $22,500 by 12:30 p.m. EST, up 0.3%, ac...
Bitcoin below $23,000 as prices dip, Silvergate’s dive takes a breather
Crypto prices continued to decline heading into the weekend. Bitcoin was trading around $22,400 by 12:45 a.m. EST, down 4.5%, according to TradingView data. Ether dropped 4.7% to $1,570. &...
Silvergate may be poorly capitalized, reevaluating strategy in light of ‘regulatory challenges’
Silvergate Capital Corporation told the U.S. Securities and Exchange Commission that it may be “less than well-capitalized” and said it was “reevaluating its business” in a filing with the agenc...
Bitcoin inches higher as prices continue in narrow range, Silvergate whipsaws after downgrade
Markets • March 1, 2023, 10:28AM EST Crypto prices were slightly higher halfway through the week, with most trading within a narrow range. Crypto stocks dipped after the open. Bitcoin was tradin...
UBS says Mt. Gox repayments are unlikely to destabilize bitcoin price
UBS strategists say impending Mt. Gox bankruptcy repayments might not be cause for concern for the price of bitcoin. Crypto prices have been sluggish toward the end of February. Bitcoin was trad...
Ether set to gain market leadership as the ‘stars are aligned,’ say Bernstein analysts
Crypto prices traded in a narrow range throughout February after a rip-roaring January saw some coins rally 40%, as Bernstein analysts say the Ethereum network could be set to explode. Ether wa...
Crypto’s correlation with macro events, US equity markets is weakening, Bernstein says
Crypto prices are continuing to trade in a broadly similar range as the correlation with U.S. equities and macro events weakens, Bernstein analysts said. Crypto-related stocks opened higher on Monday,...
Base Protocol’s token jumps 250% despite no affiliation with Coinbase
Base Protocol’s token skyrocketed today, reaching a high of nearly $7.50 around 11:30 a.m EST after months of price stagnation below $1. The spike may have been caused by a misunders...
Bitcoin flirts with $24,000; Coinbase pares gains following Layer 2 announcement
Markets • February 23, 2023, 11:45AM EST Cryptocurrency prices were up over the past day, relatively unaffected by the release of the Fed’s latest meeting minutes on Wednesday. Crypto-related st...
Bitcoin, crypto prices sink for second day; Coinbase down as markets look to Fed minutes
Cryptocurrency and stocks dipped as the focus turned to the release of the U.S. Federal Reserve’s January meeting minutes later today. Bitcoin was trading at $23,700 by 11.20 a.m. EST, do...
Coinbase earnings beat thanks to USDC interest income, analysts say
Coinbase’s fourth-quarter revenue beat estimates thanks to USDC interest income, analysts said. Interest income for the quarter came in at $146 million, up more than 100% from the previous...
Coinbase fourth-quarter revenue beats estimates despite falling 57% year-on-year
Coinbase’s fourth-quarter revenue beat estimates, with the exchange reporting revenue of $604.9 million compared to the $589 million FactSet estimate. Although ahead of expectations, full ...
Coinbase inches higher ahead of earnings as Silvergate slips after downgrade
Coinbase climbed higher shortly after the open today, while Silvergate and other crypto-related stocks dipped. Shares in the crypto exchange traded up by 1% to about $66 by 10:45 a.m. EST, acco...
Bitcoin holds firm above $24,000, with crypto prices buoyant as stocks dips
Markets • February 16, 2023, 10:22AM EST Crypto prices continue to climb higher, with bitcoin firmly above $24,000. Equities linked to cryptocurrency and blockchain technology traded down. Bitc...
Silvergate hurtles back above $20 with crypto stocks in the green across the board
Markets • February 15, 2023, 5:10PM EST Crypto-related stocks soared in trading on Wall Street today. Silvergate, Coinbase, and MicroStrategy led the way with double-digit gains. Silvergate rose...
Silvergate, Coinbase extend losses as regulatory specter hangs over crypto
It’s been a mixed bag today for crypto-related equities as U.S. regulators continued a clampdown that has hit both staking and stablecoins. Silvergate fell 3.7% to $14.46 by 2 p.m. EST, ac...
Binance’s BNB drops 6% on latest US regulatory moves; bitcoin off lows but still down
Cryptocurrency prices were once again driven lower by regulatory developments, with Paxos and the New York Department of Financial Services going toe to toe and Binance suffering the consequences. &#...
Staking revenues under threat as Coinbase shares tumble 22%
U.S. regulators set their sights on crypto-staking services this week, and Coinbase shares tumbled 22%. Shares in the exchange began to trade lower following comments from CEO Brian Armstrong, w...
Bitcoin, crypto prices slip; Coinbase extends losses as regulatory fears spook market
Cryptocurrency prices nosedived overnight on the back of increased regulatory scrutiny. Coinbase and Silvergate extended losses in the early session. Bitcoin was trading at $21,770, down 4.2% o...
Coinbase drops 8% as CEO Armstrong calls out SEC; Silvergate sinks 5%
Crypto-related stocks sold off at the open, with Coinbase and Silvergate leading the drop. Coinbase shares fell over 8% to $63 by 11:15 a.m. EST, according to Nasdaq data. Last night Coinbase CE...
Robinhood’s crypto trading revenue dips 24% in Q4, along with most everything else
Robinhood saw transaction revenue fall in the fourth quarter from the previous period, including a 24% decline in cryptocurrencies, while a slew of other numbers also took a turn lower. The firm also ...
Bitcoin steady around $23,000 as ether moves higher; equites in the red
Bitcoin was hovering around $23,000 as ether gained. The Sandbox token jumped on news of metaverse partnership talks with Saudi Arabia. Equities slipped. The leading cryptocurrency by market cap...
Bitcoin, ether slip with crypto stocks all lower; Silvergate drops 8%
Cryptocurrency prices slid at the beginning of the week, with equities also opening down. Bitcoin was trading at $22,776 at 10:20 a.m. EST, down 1.5% over the past day, according to TradingView...
Crypto market continues to rise, while Silvergate shares seesaw after probe report
Bitcoin settled around $23,570 at 5:20 p.m. EST after climbing as high as $24,100 earlier in the day, according to TradingView data. It’s up about 0.4% over the past day following the Federal Re...
Bitcoin, ether retrench after rising with traditional markets on Fed Chair comments
Cryptocurrencies rose alongside traditional markets in response to comments delivered by Federal Reserve Chair Jerome Powell at The Economic Club in Washington before turning lower. Bitcoin rose...