Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR)It’s been a tough month for MicroStrategy (MSTR), the software developer turned bitcoin (BTC) accumulator. Its stock has tumbled almost 50% since November, when it joined the Nasdaq 100 index and peaked at a 600% gain since the start of the year. That still … Read more
Ether (ETH), the second-biggest cryptocurrency by market cap, is likely to outperform larger rival bitcoin (BTC) in 2025, Steno Research said in a report Sunday, citing historical trends and Donald Trump’s U.S. election victory. Bitcoin is predicted to reach a minimum of $150,000 next year, up from about $94,000, while ether will more than double … Read more
Bearish trading in bitcoin (BTC) markets continued late Monday as the asset briefly fell under $92,000 on profit-taking despite another mammoth MicroStrategy purchase, recovering to just over $92,800 as of Asian morning hours Tuesday. Some traders expect the current price action to likely continue until February, weeks after president-elect Donald Trump takes office in the … Read more
Bitcoin (BTC), the world’s largest cryptocurrency, is likely to reach new highs next year and will “test or best” $185,000 in the fourth quarter of 2025, Galaxy Research said in a report last week. Ether (ETH), the second-largest crypto, is predicted to rise above $5,500 in the next 12 months, the report said. “A combination … Read more
Layer-1 blockchain HyperLiquid, known for its decentralized derivatives exchange, opened up native staking for holders of its HYPE token, according to a Monday post on X. Stakers can select which validator to stake tokens with and will accrue rewards in return for securing the network. At launch, HyperLiquid staked 300 million tokens ($8.4 billion), and … Read more
The U.S. is likely to hit the maximum it’s legally allowed to borrow at some point between Jan. 14 and Jan. 23, Treasury Secretary Janet Yellen said in a Friday letter to the speaker of the House of Representatives, Mike Johnson. After that, the Treasury will take “extraordinary measures” to cut borrowing. “I respectfully urge … Read more
Crypto scammers have finally found their thieving match: Themselves. A new scam has been making the rounds mainly on YouTube that would make even the most cunning trickster tip their hat, security firm Kaspersky said in a security update last week. “I have USDT stored in my wallet, and I have the seed phrase. How … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3254.32, down 1.8% (-60.38) since 4 p.m. on Friday. Three of 20 assets are trading higher. Leaders: SOL (+2.5%) and APT (+0.8%). Laggards: XLM (-6.6%) and LINK (-6.2%). The … Read more
In retrospect, it was inevitable. Down more than 8% and holding just above $300 on Monday, MicroStrategy (MSTR) shares are now lower by about 30% since just after the announcement of their inclusion into the Nasdaq-100 index and nearly 50% from their late November record high. The signs of at least a major short-term top … Read more
Crypto prices are experiencing a rocky Monday due to poor U.S. macroeconomic data and rampant profit-taking. Bitcoin (BTC) has dropped 1.8% in the past 24 hours to $91,800, a price not seen since Dec. 5, the day it broke through $100,000 for the first time. The largest cryptocurrency has fallen more than 14% from its … Read more