Citi
Strategy sells Bitcoin for the first time in 4 years
Strategy sold 32 bitcoin between May 26 and May 31 at an average price of $77,135. Proceeds will fund distributions on its preferred stock. The news pushed bitcoin under $72,000. CoinDesk's Sam Ewen hosts "CoinDesk Daily."
Citi is still a believer in crypto stocks despite bitcoin being rocked to end the year
Circle remains the bank's top pick in the sector, with Bullish and Coinbase following.
Coinbase shares rise as ‘ambitious expansion’ wins analyst praise
The event marked a milestone that broadens the platform’s reach across new and traditional assets, the analysts said.
Michael Saylor Urges Middle East to Become the 'Switzerland of Bitcoin Banking'
The executive chairman of Strategy pitched BTC-backed banking and yield products as a $200 trillion opportunity at the Bitcoin MENA conference.
Citigroup Warns of Bitcoin Halving-Season Chill as Prices Sink, ETF Outflows Near $4B
Crypto is stuck in a second-year post-halving slump, with ETF outflows and jittery long-term holders pushing bitcoin toward the bank’s bear-case outlook.
Bitcoin Weakness Sends a Warning to Stocks, but Liquidity May Soon Turn, Citi Says
The Wall Street bank said fading crypto momentum could be flagging trouble for equities, though improving liquidity may revive the year-end rally.
Citi Says Crypto’s Weakness Stems From Slowing ETF Flows and Fading Risk Appetite
The Wall Street bank blamed recent market underperformance on October liquidations, cooling demand from spot ETFs, and weakening technicals.
Citi Says Crypto’s Correlation With Stocks Tightens as Volatility Returns
The bank noted that bitcoin and ether are once again moving in step with U.S. equities and gold.
Wall Street Bank Citi, Coinbase Partner to Expand Digital Asset Payments
The bank is working with Coinbase to streamline digital asset payments for institutional clients.
Crypto Exchange Gemini Gets Price Target Cut at Citi, While Bullish Earns Hike
Gemini’s trading growth is slowing despite strong card sign-ups and app downloads, said Citigroup, while Bullish momentum is accelerating.
