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By Dow Jones Newswires StaffU.S. stock futures were flat early in European business hours Tuesday and international equities were mixed amid further signs of returning calm after last week's volatility. Broad gains in tech stocks contributed to a higher close on Wall Street in the prior session, alo…
By Tomi KilgoreStrategy stepped up bitcoin buying in the latest week as prices slumped, with the most purchased in four monthsWhile Strategy's stock has fallen a lot more than bitcoin, since bitcoin peaked in early October, the correlation between the two has actually increased.While it's no secret …
By George GloverThe price of Bitcoin was sliding yet again Monday, as investors bought the dip in stocks but steered clear of cryptocurrencies following a dismal run.The world's largest token was down 0.7% to $94,900 over the past 24 hours, according to data from CoinDesk. It's now trading 32% off t…
Bitcoin struggles to recover after hitting a six-and-a-half-month low overnight as risk appetite remains weak. Last week tech stocks sold off on valuation fears and reduced expectations for the Federal Reserve to cut interest rates next month, hitting risk sentiment. Investors are now looking ahead …
Bitcoin, the world's largest cryptocurrency by market value, was down by 1.59% at $93,684 at 4:21 p.m. ET (2121 GMT) on Sunday.
** Mizuho cuts stablecoin issuer Circle Internet Group's PT to $70 from $84, a 17.6% downside to stock's last close** Brokerage sees the company facing headwinds from slowing rates, the commodification of stablecoins, and rising distribution costs** Mizuho notes that companies that did well before …
By Mackenzie TatananniShares of Strategy, the world's largest corporate holder of Bitcoin, have been following the broader decline in cryptocurrencies. Investor enthusiasm for the company's Bitcoin treasury strategy also seems to be fading.As of the market close Thursday, Strategy's market value was…
By WSJ StaffThe cryptocurrency selloff continues.Bitcoin recently traded at a little over $95,500.Earlier in the session it traded as low as $94,519-the lowest intraday level since May 7, according to Dow Jones Market Data.Among other digital currencies, solana also dropped, while ethereum was littl…
** Stablecoin issuer Circle Internet Group's shares rise 1.8% to $87.88 premarket** J.P. Morgan upgrades CRCL to "overweight" from "underweight" on better fundamentals; raises PT to $100 from $94, a 15.9% upside to stock's last close** CRCL reported solid Q3 results that indicated stablecoins are c…
By Jack Queen A federal appeals court on Tuesday appeared skeptical toward Sam Bankman-Fried's arguments that his fraud conviction and 25-year prison sentence over the collapse of his FTX cryptocurrency exchange should be tossed because his trial was unfair.A three-judge panel of the 2nd U.S. Cir…
By Joseph Adinolfi and Frances YueThe pioneering cryptocurrency has yet to recover from its Oct. 10 'flash crash,' one strategist points outBitcoin is down nearly 20% from its record high of $126,272.76 in early October.Bitcoin prices retreated below $100,000 for the first time since June on Tuesday…
By Paul VieiraOTTAWA--Canada intends to roll out a regulatory regime for stablecoins, the cryptocurrency backed by government-issued currencies.In the government's annual budget plan unveiled on Tuesday, Canada's Department of Finance said it would produce legislation that will require stablecoin is…