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(Bloomberg) -- Charles Hoskinson is angry.Most Read from BloombergTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX Inks $30 Billion Computing Power Deal With GoogleSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PThe founder of Cardano, one of the world’s largest cryptocurrency networks, recently posted a video warning users to brace fo

Bitcoin fell below $60,000 on June 5 for the first time since October 2024, extending a sell-off that has erased all gains made since US President Donald Trump’s election victory. The decline followed Strategy’s first Bitcoin sale since 2022, continued outflows from US spot Bitcoin exchange-traded ...

By Amanda Cooper LONDON, June 5 (Reuters) - Bitcoin is heading for its worst performance for this point in the year in at least a decade, as booming AI stocks and a series of glittering upcoming new

Investors are slamming the brakes on the AI rally, dragging down shares in Broadcom, AMD, and Nvidia.

Bitcoin, XRP, and other cryptocurrencies were falling again early Friday as digital assets got caught up in the tech selloff, compounding a bad week. Bitcoin the world’s largest crypto, fell as low as $61,300 before climbing back to $62,500–down 1% over the past 24 hours, according to CoinDesk data. The digital asset has slumped 14% this week and is now more than 50% down from its record high of $126,272 reached in October last year.

(Bloomberg) -- Bitcoin’s slide this week is adding fresh pressure to one of the most ambitious financial experiments to emerge from the recent crypto boom: publicly traded companies created to accumulate digital assets on behalf of investors.Most Read from BloombergSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSaylor’s Bitcoin Machine Is Misfiring on Every CylinderGlazer Family Members Study Manchester United Stake SaleRepublican-Led House Votes to Stop Iran War, Rebuking TrumpBloomberg

(Bloomberg) -- Bitcoin's slide this week is adding fresh pressure to one of the most ambitious financial experiments to emerge from the recent crypto boom: publicly traded companies created to accumulate digital assets on behalf of investors.Most Read from BloombergSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PGlazer Family Members Study Manchester United Stake SaleSaylor's Bitcoin Machine Is Misfiring on Every CylinderRepublican-Led House Votes to Stop Iran War, Rebuking TrumpDow Averag

(Bloomberg) -- Bitcoin’s slide this week is adding fresh pressure to one of the most ambitious financial experiments to emerge from the recent crypto boom: publicly traded companies created to accumulate digital assets on behalf of investors.Most Read from BloombergGlazer Family Members Study Manchester United Stake SaleSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSaylor’s Bitcoin Machine Is Misfiring on Every CylinderRepublican-Led House Votes to Stop Iran War, Rebuking TrumpDow Averag

(Bloomberg) -- Bitcoin posted its longest losing streak since August, weighed down by liquidations of bullish bets and this week’s rare sale of tokens by the dominant corporate buyer. Most Read from BloombergGlazer Family Members Study Manchester United Stake SaleRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborDow Average Hits Peak as Old-School Stocks Beat AI: Markets WrapBroadcom Slides by Most in More Than a Year on AI Out

Bitcoin (BTC) was trading only slightly below $74,000 on June 1 before Michael Saylor's leading BTC treasury company Strategy (Nasdaq: MSTR) announced the sale of 32 BTC once the trading opened Monday. Following the announcement, Bitcoin began to crash violently and was currently trading below ...

On June 1, Strategy (NASDAQ: MSTR), formerly MicroStrategy, announced the sale of 32 Bitcoin (BTC) that it conducted last week. With 843,706 BTC on its balance sheet, the company is still the largest Bitcoin treasury company. But this instance was its first Bitcoin sale in years, sending ...

Geoffrey Kendrick, one of the most vocal crypto advocates, is sticking with his call for bitcoin to hit $100,000 by the end of ‌the year despite a "painful" week, with the global head of digital assets research ‌at Standard Chartered pointing to resilient long-term demand. The biggest crypto token has tumbled more than 15% since Monday, ​when Michael Saylor's Strategy, the largest corporate holder of bitcoin, disclosed that it had sold some of the holdings for the first time since 2022. "The timing of the sale was a shame," Kendrick wrote in a note to clients.

Investing.com -- Bitcoin dropped to its lowest level in nearly four months Thursday, weighed down by a combination of geopolitical anxiety, persistent institutional selling, and Strategy’s first Bitcoin sale in years.

Investors will monitor initial jobless claims and the Challenger job-cuts report before turning their attention to Friday's nonfarm payrolls release.

The digital token fell for a fourth straight day after a sale by one of bitcoin’s biggest cheerleaders.

(Bloomberg) -- Bitcoin’s selloff extended into Wednesday after Strategy Inc.’s sale of a tiny portion of its massive cryptocurrency stockpile rattled sentiment and widened the token’s divergence from record-setting technology shares.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtTrump Begins Rebuilding His Tariff Wall Citing Forced LaborCanada Dips Into Technical Recession for First Time Since 2020T

Michael Saylor, the founder of Strategy, has spent years urging his social-media followers to never sell bitcoin. “Sell a kidney if you must, but keep the bitcoin,” he urged early last year. Now his bitcoin-hoarding firm has decided to sell some of its holdings to stay solvent.

Find insight on Blackstone, Australian banks and more in the latest Market Talks covering Financial Services.

(Bloomberg) -- Bitcoin dipped below $70,000 for the first time in almost two months, as concerns about the conflict in Iran and selling by major holder Strategy Inc. dented investor appetite.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAndrew Left Found Guilty in Case That Spoo

Michael Saylor just backtracked from his "never sell your Bitcoin" stance, and the markets noticed. On May 31, Saylor made his famous "orange dot" post on X, which usually shows up right before announcing a new Bitcoin (BTC) purchase. He wrote, "Working ₿etter." But barely 24 hours later, a filing ...

Strategy (MSTR) sold some bitcoin for the first time ever, the company revealed in a Monday filing, just a week after founder Michael Saylor had used the "hodl" — hold on for dear life — phrase, which is the crypto community's never-sell mantra. The iShares Bitcoin Trust ETF (IBIT), which tracks the bitcoin price, fell to a seven week low,...

Crypto companies whose business model is to stock up on crypto tokens are turning to a novel type of risky equity product, as they seek to tap...

Strategy and its executive chairman, Michael Saylor's "never sell" stance, had become almost gospel in the Bitcoin (BTC) community. But on May 5, he dropped a bombshell that the company is considering selling Bitcoin. Now, a few weeks later, the company made a major Bitcoin move, hinting ...

Strategy Inc. (NASDAQ:MSTR) CEO Phong Le pointed out the differing strategies between traders and long-term investors on Thursday, responding to Mark Cuban's recent decision to sell his Bitcoin (CRYPTO: BTC). Jumping To The ‘Next Thing’ During a Fox Business interview, Le was asked about the billionaire investor’s move, which surprised many in the cryptocurrency community. After all, Cuban is the same person who once aggressively endorsed Bitcoin as a hedge against inflation, only to sell “most”

Elon Musk could become one of the world’s top five corporate owners of Bitcoin (CRYPTO: $BTC) should his comp...

Strategy revealed on Tuesday that it retired $1.5 billion in convertible debt last week by paying out $1.38 billion in cash on its balance sheet to bondholders. The company touted the move as strengthening its credit profile and raising the bitcoin per share ratio for holders of MSTR common stock. In reality, the increase in bitcoin per share was only theoretical.

More diversified companies are expected to adopt Bitcoin as part of treasury diversification and fiat currency hedging strategies, Grayscale’s Head of Research says.

Wall Street’s technology stocks looked set to lead markets higher again on Wednesday as investors piled further into the artificial intelligence trade and global equity benchmarks hit fresh record highs. Futures for the Nasdaq 100 were up 0.6% ahead of the opening bell, while contracts for...

2026 has hardly brought any respite to the Strategy (Nasdaq: MSTR), formerly known as MicroStrategy, stock. Even though the stock is up nearly 10% this year, the performance has been rather flat over the last month. Even then, an analyst has raised its price target on the Strategy stock due to two ...

Strategy just went on a $2 billion bitcoin buying binge last week, but don't expect the bitcoin whale to provide much support for the cryptocurrency this week — or possibly for longer. Strategy's bitcoin buying power sputtered at the end of last week and may not rev back up for some time.