Bitcoin News

Bitcoin News

Finance

Swiss banking giant UBS planning to offer crypto services to specific clients

UBS will gradually introduce crypto services, starting with select private clients in Switzerland, according to Bloomberg.

UBS, the Swiss banking giant. (Photo by Claudio Schwarz on Unsplash/Modified by CoinDesk)

Markets

U.S. bitcoin ETF weekly outflows largest since November may signal BTC price bottom

This week's redemptions reached the highest level since November, a signal that often marks a local bottom in the price of bitcoin.

Chart showing bitcoin ETF Flows (SoSo Value)

Markets

Bitcoin rewards aren't worth the risk right now as a key Wall Street metric turns negative

The metric highlights weak risk-adjusted performance during periods of volatility, a feature of drawdowns that can persist for months.

Cargo ship sinking  (Jason Mavrommatis/Unsplash)

Markets

Bitcoin and yen hold steady as Japan's inflation eases and BOJ keeps interest rates unchanged

The Bank of Japan held rates steady while revising inflation and growth projections higher.

Corner of a plaque showing a map of the Bank of Japan.

Markets

South Korea probes loss of seized bitcoin in phishing attack

Internal audit showed the coins were likely lost via a phishing attack during official storage, according to local media reports.

hacker, computers. (geralt/Pixabay)

Markets

Gold surges to doorstep of $5,000 as experts debate bitcoin's underperformance

"The [BTC] adoption announcements are not working anymore," said Jim Bianco, while Bloomberg’s Eric Balchunas urged taking a longer-term view.

Stacked gold bars (Scottsdale Mint/Unsplash/Modified by CoinDesk)

Markets

Ark Invest sees bitcoin and tokenization driving the next phase of digital asset growth

The asset manager said bitcoin’s institutional adoption and asset tokenization are pushing digital assets toward scale, potentially reaching tens of trillions by decade’s end.

Ark Invest CEO Cathie Wood

Markets

Bitcoin in a deep bear market against gold, history suggests downside may persist

Bitcoin is now down 55% against gold from its December 2024 peak.

BTCUSD/Gold (TradingView)

Markets

Bitcoin falls bellow $89,000 as rally attempt fizzles despite trade war risk relief

"The consensus view is that crypto markets are bearish until about September," said one analyst.

A trader rests his forehead on his desk surrounded by market monitors showing steep declines.

Markets

Michael Saylor indicates more bitcoin purchases in change of pace mid-week tweet

After a brief slowdown in its pace of bitcoin acquisition, Strategy has purchased almost $3.5 billion of BTC over the last two weeks.

Executive Chairman of Strategy Michael Saylor