Markets

Crypto steadies after selloff as bitcoin, ether rebound from multiyear lows

Bitcoin and ether are posting gains after a sharp market-wide decline, with derivatives traders continuing to reduce risk exposure.

Still water. (Matthias_Groeneveld/Pixabay)

Tether scales back $20 billion funding ambitions after investor resistance: FT

Advisers are now discussing a smaller fundraising of roughly $5 billion, as prospective backers question both the size of the deal and Tether’s lofty valuation.

Tether CEO Paolo Ardoino (Modified by CoinDesk)

Bitcoin's 'RSI' screams oversold. Here is what it means

Bitcoin's relative strength index has fallen below 30, signaling oversold conditions as the cryptocurrency trades near a key $73,000 to $75,000 support zone.

AI trading screens. (TheDigitalArtist/Pixabay)
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Tom Lee says BitMine’s $6 billion ether paper loss is “by design"

The firm said unrealized losses are expected in a downturn, arguing its ethereum-heavy balance sheet is designed to track and outperform ETH over a full market cycle.

Bitmine chairman Tom Lee

CoinDesk Research: U.S. leads institutional crypto, Asia rules trading ahead of Consensus Miami

Asia’s dominance is visible across every major dataset in this report, but the U.S. is assembling the institutional engine for the next surge of global adoption, while Latin America is already proving how utility-driven demand can scale in the real economy.

Consensus Miami

‘Big Short’ investor Michael Burry warns bitcoin plunge could trigger $1 billion gold, silver selloff

Burry said crypto losses may have forced institutions to liquidate precious metals as bitcoin slid below $73,000.

(Astrid Stawiarz/Getty Images)

Bitcoin’s wild Tuesday: From a 14-month low to a sharp rally triggers $740 million in liquidations

Bitcoin failing to bounce soon could set the stage for "one hell of a year," one analyst said.

CoinDesk

Dogecoin falls 7% as risk-off trade hits Ethereum tied tokens

The selloff was driven by risk-off positioning and heavy derivatives speculation, with futures volume surging even as spot trading declined.

(CoinDesk Data)