Crypto Stocks Slump as Bitcoin, Ether Tumble
Coinbase, MicroStrategy and miners fell as equity markets declined worldwide.
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Bitcoin Drops 15% Against Japanese Yen, Outpacing Declines Versus USD, as Yen Carry Trades Unwind
Japan raised interest rates by 0.25% last week, leading to a strong Yen and a corresponding drop across risky assets including bitcoin.
Crypto Futures Witness $840M in Liquidations as Bitcoin Nosedives, Ether Records Biggest Fall Since 2021
A sentiment index that tracks crypto markets changed to “fear” early Monday, suggesting a possible sign of a near-term local bottom.
Ether Slides 20% as Trading Firm Moves $46M in ETH
A wallet supposedly associated with Jump Trading moved 17,576 ETH to centralized exchanges, according to Spot On Chain.
Bitcoin Tumbles to $53K, Ether Turns Negative for 2024 as Panic Grips Markets
Japan’s Nikkei fell more than another 6% early Monday, bringing that index’s three-day decline to about 15%.
Bitcoin Plunges Under $60K; Crypto Bulls Lose $200M as Dogecoin, Solana Tokens Drop 10%
Crypto bulls lost nearly $200 million in the past 24 hours as the week’s sell-off worsened over the weekend.
As Trump Suggests Crypto as a Fix to U.S. Debt, Harris Camp Highlights His Remarks
Former President Donald Trump heaped more praise on the “very, very smart people” of the crypto industry in an interview broadcast on Friday, suggesting that the U.S. embracing Bitcoin {{BTC}} could aid in addressing the $35 trillion U.S. national debt. Though Vice President Kamala Harris, his presumptive Democratic opponent in the presidential race, hasn’t yet made any policy statements about her own view on cryptocurrency, one of her campaign accounts on X – the “rapid response” campaign effort – seemed to slam Trump’s view by airing his comments.
Coinbase’s ‘Solid’ Earnings May Get Derailed by Low Volume, Fed Headwinds, Analysts Say
The company reported better-than-expected second-quarter earnings on Thursday but saw a strong downtick in revenue from transaction fees, its main source of income.
MicroStrategy Bull Doubles Down on The Stock by Raising Price Target to Wall Street High
The broker raised its year-end price target for the software company to $2,150 from $1,875.
France Opens for MiCA Applications, First Among Biggest EU Economies
France’s Autorité des Marchés Financiers said it started accepting applications for crypto asset services provider licenses on July 1.