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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.
Long-time bitcoin bull Matt Hougan told CoinDesk that during this bear market and with ‘doubts swirling’, investors have found ‘it easier to reach for something more tangible:’ stablecoins and tokenization.
Analysts say the exchange’s push into derivatives, payments and infrastructure broadens its growth story beyond crypto trading.
Botanix’s shutdown has raised an uncomfortable question for Bitcoin builders: Does the market actually want programmable BTC, or just a better way to borrow, lend and earn yield on it?
In this week’s edition of The Protocol Newsletter, we’re looking at how FIFA is using the Avalanche blockchain to test out a new ticketing system.
The accompanying policy statement and updated economic projections, however, took a hawkish turn.