Bitcoin Prices Struggle Below $20,000. Why Tuesday Could Bring a Bigger Move.

Text size Bitcoin has failed to consistently breach the key $20,000 mark. Ozan Kose/AFP via Getty Images Bitcoin and other cryptocurrencies were largely unchanged on Monday, with digital assets contin...

Grayscale Bitcoin Trust’s Discount Is Tempting. Why It’s Not a Slam Dunk.

There is a way to buy Bitcoin for nearly a third less than the market price, but investors do so at their peril. That is the broad lesson to draw from the travails of the Grayscale Bitcoin Trust (tick...

Crypto’s Domino Effect Is Widening, Threatening More Pain

Turmoil in the digital-assets ecosystem has grown in recent weeks, with losses in cryptocurrencies blowing holes in balance sheets and pushing firms near bankruptcy. After a pair of cryptocurrencies c...

Crypto hedge fund Three Arrows files for U.S. bankruptcy

Crypto hedge fund Three Arrows Capital has filed for bankruptcy under Chapter 15 of the U.S. Bankruptcy Code, according to a court filing in the Southern District of New York on Friday. Three Arrows C...

Bitcoin’s Next Headwind: Struggling Crypto Miners

Text size Miners spend an average of $15,000 to produce each coin, JPMorgan estimates. Dreamstime The plummeting price of Bitcoin could force crypto miners to sell the tokens to fund operations, furth...

Oaktree’s Howard Marks is finding bargains: ‘I am starting to behave aggressively’

Stocks are mostly higher on Tuesday, with China to thank for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the s...

Gensler labels bitcoin a ‘commodity’ as crypto prices stabilize

Securities and Exchange Commission Chairman Gary Gensler said Monday that bitcoin BTCUSD, -0.24% was the only cryptocurrency he was prepared to publicly label a commodity, rather than a security, in a...

Crypto platform Voyager Digital shares plunge 60% after revealing $665 million exposure to embattled hedge fund; considers issuing default notice

Crypto platform Voyager Digital Ltd. VOYG, -52.50%  shares plunged more than 60% Wednesday after the company said its subsidiary Voyager Digital LLC, may issue a notice of default to embattled crypto ...

Powell says U.S. economy can handle the additional rate hikes that are coming

Federal Reserve Chairman Jerome Powell on Wednesday pushed back against economists who argue that aggressive Fed interest-rate hikes have increased the odds of a recession or hard landing for the U.S....

Stocks are still too expensive and rising rates may shock financial system, Seth Klarman warns

Investment legend Seth Klarman went back to his roots at the Harvard Business School to declare that the stock market is still too pricey even with its slide this year. “You’ve got a stock market that...

Asian markets mostly fall ahead of U.S. holiday

TOKYO (AP) — Asian markets were mostly lower in cautious trading Monday ahead of a federal holiday in the U.S. Worries over inflation and risks of a global recession from central bank efforts to bring...

Bitcoin rallies back above $20,000 on Sunday, after hitting 18-month low

Bitcoin prices rallied Sunday, topping the $20,000 level again after falling to an 18-month low Saturday amid a weeks-long cryptocurrency rout. Bitcoin BTCUSD, +0.48% surged about 16% in the past 24 h...

The ‘Crypto Winter’ Could Become a ‘Crypto Hell.’ What to Know.

When a traditional bank fails, a SWAT team of regulators swoops in, winding it down in secret and preventing a panic that could spread throughout the financial system. In cryptocurrency banking, the d...

Fed’s Waller backs another jumbo interest-rate hike in July

Federal Reserve Gov. Christopher Waller said Saturday that he would like to see another 75 basis point interest rate hike at the next policy meeting in late July. Waller supported the Fed’s decision t...

Bitcoin’s nosedive through the $20,000 mark is a Minsky Moment for crypto: ‘Psychologically for a lot of people, this is galling’

Is bitcoin BTCUSD, +4.03% facing a breaking point? That’s what some investors, acolytes and otherwise, might be contemplating, as the cryptocurrency’s descent accelerates over the weekend. The world’s...

Trillion-dollar crypto collapse sparks flurry of US lawsuits – who’s to blame?

With investors worldwide looking at a $1.5 trillion in recent cryptocurrency losses, a blizzard of class-action lawsuits are being prepared. One big question is: who, if anyone, is to blame ? See: Bit...

Bitcoin Just Crashed Below $20,000. Where It Might Be Headed Next.

Text size Bitcoin prices have been crashing and could fall even further. Courtesy Ethan Lou The Bitcoin carnage continues, as the cryptocurrency breaks $20,000 to trade at its lowest level since 2020....

Bitcoin’s Price Falls Below $20,000

The price of bitcoin lurched below $20,000, and below a level widely monitored by cryptocurrency enthusiasts, as a brutal selloff in crypto showed no signs of abating. Bitcoin fell as low as $18,739.5...

Bitcoin slumps below $20,000 as cryptocurrency rout rolls on

Bitcoin traded below $20,000 on Saturday, extending the slide that has wiped out trillions in market value from cryptocurrencies. Bitcoin BTCUSD, -7.07% traded down 8% to $19,029, extending a slide fr...

The Crypto Party Is Over

On Super Bowl Sunday, a Crypto.com ad featuring billionaire NBA star LeBron James lit up millions of Americans’ TVs. “If you want to make history, you gotta call your own shots,” Mr. James said in the...

Bitcoin crash ‘absolutely’ a buying opportunity, Michael Saylor says

“‘Nobody has ever lost money investing in bitcoin for four years.’” That was MicroStrategy MSTR, +3.88% CEO and bitcoin BTCUSD, -6.27% optimist Michael Saylor talking about the recent dip in bitcoin p...

A Crypto Bankruptcy Could Be Investors’ Nightmare

The cryptocurrency market’s latest swoon is giving investors a painful lesson about the risks of trading digital tokens through intermediaries. In a bankruptcy restructuring, crypto investors would be...

Dogecoin investor sues Elon Musk, Tesla, SpaceX for $258 billion, claiming ‘pyramid scheme’

A dogecoin investor is suing Elon Musk and two of his companies, Tesla Inc. and SpaceX, for $258 billion, accusing them of operating a “pyramid scheme” to inflate the price of the cryptocurrency. The ...

Bitcoin crash: These three metrics show how bad the carnage is, and what to expect next

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on T...

Crypto crash: What contagious risks could Celsius, Three Arrows pose? Here’s what to watch

The latest crisis started Sunday with Celsius, one of the biggest crypto lending platforms, pausing all withdrawals, swaps and transfers between accounts. The company reportedly has hired restructurin...

‘The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’

Veteran investor and bitcoin bull Michael Novogratz doesn’t have a rosy outlook on the economy, which he described as headed for a substantial downturn, with the likelihood of a “fast recession” on th...

Bill Gates slams cryptos, NFTs as ‘100% based on greater fool theory’

“You have an asset class that’s 100% based on some sort of greater fool theory that somebody’s going to pay more for it than I do…” That was Microsoft MSFT, +1.40% co-founder Bill Gates delivering his...

Italian bond yields dive and euro climbs as ECB announces emergency meeting on market conditions

European bond yields fell and the region’s single currency climbed on Wednesday as the European Central Bank announced it would hold an emergency meeting to “discuss current market conditions.” The Go...

Crypto Is Plunging. Here Are the Stocks With the Most Exposure.

Bitcoin has plunged amid murmurs of a “crypto winter.” Dreamstime Text size Murmurs of a “crypto winter” are intensifying and shares of crypto-exposed companies are being caught up in the carnag...

A 75-basis point Fed move is not a slam dunk, former staffer says

In the last 24 hours, investor expectations for the Federal Reserve have coalesced around a 75 basis point hike, nudged in that direction by a Wall Street Journal article. Fed-funds futures markets no...

Bitcoin down 70% from all-time high. Why is crypto market crashing?

Cryptocurrencies have been crashing. Bitcoin BTCUSD, -3.21% plunged to as low as $20,834 late Monday, the lowest level since December 2020 and down about 70% from its all-time high in November. The No...

Strategist who nailed the recent S&P 500 top says three things are needed for a market bottom

Wariness is in order after the S&P 500’s bear-market finish and a potential 75 basis-point Fed hike just one day away. Gains for stock futures and a potential bounce are fading fast. Morgan Stanle...