Crypto News
CoinDesk 20 Performance Update: Index Plunges 17.1% Over Weekend
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3112.63, down 17.1% (-641.58) since 4 p.m. ET on Friday.None of the 20 assets are trading higher.Leaders: BTC (-6.8%) and SOL (-14.8%).Laggards: FIL (-33.9%) and AAVE (-29.3%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link
Global Markets Shake to the Core: Trump Tariffs Slam Crypto, Stocks, as Gold Shines
A mere three days prior, the aggregate valuation of the crypto economy registered at $3.36 trillion; within this fleeting interval, a staggering $250 billion has vanished, diminishing the total to $3.11 trillion. This massive depreciation against the U.S. dollar coincides with President Trump’s imposition of fresh tariffs on American trading partners, amplifying global economic frictionsSource link
Crypto Stocks Slide Pre-Market as U.S. Futures Point to More Bitcoin Losses
Havoc in crypto markets spread to stocks of crypto-focused companies, with losses in U.S. futures pointing to declines in equities that are likely to put bitcoin (BTC) on track for further losses because it tends to mirror movements of U.S. stock markets.S&P 500 futures slid 1.4%, Dow Jones futures fell 1.2% and futures on the tech-heavy Nasdaq 100 lost 1.7%.Shares of Japan’s Metaplanet (3350), colloquially called Asia’s MicroStrategy for its bitcoin treasury, fell 9.44% on the Tokyo Stock Exchange. Crypto and blockchain venture fund SBI Holdings sank 3.60%.U.S.-listed Coinbase (COIN) and MicroStrategy (MSTR) traded more than 5.9% lower in pre-market trading, while mining stocks MARA Holdings (MARA) and Riot Platforms (RIOT) dropped 6%.The T-Rex 2x Long MSTR Daily Target ETF,...
ETF Weekly Recap: Bitcoin ETFs See $560 Million Inflows While Ether ETFs Face $45.51 Million Outflows
Contrasting ETF fortunes, bitcoin ETFs experienced a weekly inflow of $560 million, while ether ETFs saw outflows of $45 million. Growing Investor Preference for Bitcoin ETFs Reflected in Reduced Capital Inflows for Ether ETFs Bitcoin and ether exchange-traded funds (ETFs) experienced mixed fortunes in the last trading week of Jan. 2025. According to Sosovalue‘s weeklySource link
Crypto Daybook Americas: The Sea of Red May Not Ebb as Fast as Expected
By Omkar Godbole (All times ET unless indicated otherwise)Crypto markets are a sea of red alongside a growing risk aversion in traditional markets, and Trump's tariffs are to blame. Late Friday, the president imposed a 25% tariff on imports from Canada and Mexico and 10% on China, provoking retaliatory measures that have reignited a trade war reminiscent of 2018.The consensus on social media and among the analyst community is that this tariff-induced slide in the crypto market is temporary and that bitcoin (BTC) will quickly rebound. However, there are reasons to believe otherwise.Firstly, Trump has shattered the crypto market's belief that he is looking to pump markets and would use small tariffs merely as a negotiating tactic. In fact, he...