Crypto News

Cryptocurrencies extended a sell-off on Monday as risk assets including equities tanked during the early U.S. hours.Following a bounce to around $84,000 earlier in the day, perhaps buoyed by Strategy's $21 billion fundraising plan, bitcoin (BTC) slid below $80,000, down 3.8% over 24 hours. The Ethereum blockchain's ether (ETH) briefly slipped below $2,000, to trade near its weakest price since November 2023, down around 4%.The broad-market CoinDesk 20 Index fell 5%, with Solana's SOL, Cardano's ADA and Aptos' APT, Avalanche's AVAX and NEAR losing between 7% and 10%.The ugly action in crypto markets came as the already-battered U.S. equity indexes opened the week sharply lower, weighing on sentiment. The Nasdaq tumbled over 3% in the early hours of the session,...

Blockchain firm Movement's public mainnet is set to launch in beta, continuing the progress toward deploying Movement Virtual Machine (MoveVM) on Ethereum.The mainnet will roll out Monday with over $233 million worth of BTC, ETH, and native assets, MOVE, in liquidity raised through Movement's Cornucopia program.Read more: Movement Labs Unveils Developer Mainnet Ahead of February's Public LaunchMovement's mainnet will allow smart contract deployment and allows anyone to build on and use the network for the first time, the Movement Network Foundation announced via email on Monday.Move was developed by Facebook as part of its plans to develop its own digital currency, which was abandoned in early 2022. The technology was subsequently used to create layer-1 networks Sui and Aptos, as...

Crypto prices and stocks alike are falling Monday, with Bitcoin diving as traders react to President Trump's recession comments and more.Source link

Strategy is seizing the market downturn, unveiling a $21 billion stock offering to buy the dip on bitcoin, reinforcing its aggressive treasury strategy despite volatility. Strategy Prepares to Buy the Bitcoin Dip Software intelligence firm Microstrategy (Nasdaq: MSTR), now operating as Strategy, announced on March 10 that it has launched a $21 billion at-the-market (ATM)Source link

President Trump's executive order calling for the formation of a strategic bitcoin (BTC) reserve and a crypto stockpile is a "pivotal moment" for the industry, investment bank KBW said in a research report Friday.The President directed his administration to establish a Bitcoin Strategic Reserve to hold the assets that have been seized by the government. He also called for a stockpile of other types of digital assets.KBW noted that the "world's largest superpower has embraced several leading blockchain protocols."Bitcoin is the real winner here, as it is being exclusively treated as a reserve asset, the report said. No bitcoin will be sold and the government is also looking at options to buy more of the cryptocurrency.KBW estimates that the government...