Crypto News

Financial markets are in a meltdown and every leg lower is strengthening expectations in the credit market that the Fed will soon offer support. Bitcoin (BTC), the leading cryptocurrency by market value, traded 8% lower at $75,800 and the U.S. stocks were on track for their worst three-day performance, with S&P 500 futures down roughly 5% on Monday alone and losses approaching 15% overall. The Fed has a history of intervening during financial meltdowns with rate cuts and other stimulus measures. So, traders, having become accustomed to liquidity support, are betting that the Fed will act similarly this time.According to the CME FedWatch Tool, the federal funds futures market is now pricing in as many as five rate cuts in...

Bitcoin registered prices below $75K on several cryptocurrency exchanges as various markets shed so-called ‘risk assets’ in anticipation of the potential effects of a prolonged trade war between the U.S. and its key trade partners, such as China and Europe. Bitcoin Nosedives Under $75k as World Stock Markets Plunge Under Trump’s Tariffs Bitcoin registered criticalSource link

Disclosure: The author of this story owns shares in Strategy (MSTR).As the crypto market's correction kicks off, days after traditional financial markets started reacting to President Donald Trump's tariffs, bitcoin (BTC) slumped to its lowest level in five months, dropping to as low as $74,500 and marking a full one-third drop from the record high it hit Jan. 20.This slide has left Strategy (MSTR) marginally in the green on its bitcoin acquisition strategy. At a total cost of $35.6 billion, the company currently holds an unrealized profit of about 10%, or roughly $3.9 billion on its BTC investment. Strategy owns 528,185 BTC, now valued at $39.5 billion, giving it an average cost basis of $67,458 per bitcoin. The company’s mNAV...

A crypto market sell-off went from bad to brutal in European morning hours Monday as bitcoin pierced the $75,000 level — extending losses on major tokens to nearly 20%.Tokens XRP, solana (SOL), and dogecoin (DOGE) plunged over 5% in the hours ahead of the European open, erasing tens of billions in market capitalization, driven by a cascade of macroeconomic uncertainty and aggressive liquidations that neared $1 billion.The broad-based CoinDesk 20 (CD20) index, which tracks the largest tokens, slumped 12%, signaling a widespread risk-off sentiment gripping the sector.XRP and SOL led the decline, each nosediving more than 20% in the past 24 hours and breaking under critical support levels. XRP, trading at $1.70, has slipped below its critical 200-day moving average...

Bitcoin’s price has fallen below $75,000, reaching an intraday low of $74,637 as of 2:47 AM EST. This decline marks a significant drop of over 12% today and reflects ongoing economic anxiety amid a broader downturn in financial markets. The cryptocurrency’s recent price movement appears to be closely aligned with volatility in traditional markets, includingSource link