Crypto News

- Robinhood Markets (NASDAQ:HOOD), a commission-free trading platform, closed Friday at $82.82, up 13.95% for the session. The stock moved higher as rebounding cryptocurrency prices lifted crypto-exposed brokers and helped shares recover from recent weakness ahead of Friday’s earnings report, while investors are watching how upcoming results reflect crypto activity and trading engagement. The company’s trading volume reached 53.8 million shares, approximately 97% higher than its three-month average of 27.4 million shares. Robinhood Markets went public in 2021 and has grown 138% since its IPO. How the markets moved today S&P 500 (SNPINDEX: ^GSPC) added 1.97% to finish at 6,930, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) advanced...

- Ondo’s DeFi lead explains why perpetual futures keep growing Perpetual futures, often called perps, are a type of derivatives contract that let traders take leveraged exposure to an asset without an expiration date. Unlike traditional futures, which settle on a fixed schedule and must be rolled over, perps stay open indefinitely and track the price of the underlying asset through a funding mechanism that balances long and short positions. That structure is a big reason perps gained traction in crypto markets. They remove the need to constantly manage expirations while still offering leverage and the ability to hedge risk. According to Matt Blumberg, head of DeFi at Ondo Finance, the appeal of perps has less to do with speculation...

- Why Is Dogecoin Flying Higher on Friday? Dogecoin (CRYPTO: DOGE) is jumping today, up 11.1% in the last 24 hours as of 5:08 p.m. ET on Friday. There really isn't anything specific driving the substantial gain today. Rather, the meme coin is caught up in a larger rally after Bitcoin finally reversed its weeks-long slide. The OG cryptocurrency was approaching $60,000 for the first time in nearly 18 months. True to form, altcoins like Dogecoin followed Bitcoin's lead. Tech rebounds, lifting crypto Bitcoin's troubles deepened as tech stocks sold off hard on growing concerns about artificial intelligent (AI) spending. Recent earnings revealed that big tech's infrastructure investments keep hitting new records, raising questions about...

- Crypto stocks rally up to 25% after big relief Friday brought big relief to the crypto market as Bitcoin (BTC) hit the $71,000 price mark after crashing to $60,000 yesterday. BTC rose more than 6% over the last 24 hours. The total crypto market cap rose 4.5% in 24 hours to $2.45 trillion. The recovery led to popular crypto stocks rallying as much as 25%. Crypto stocks surge as Bitcoin recovers Mirroring the upward movement of Bitcoin, crypto stocks also began recovering. Strategy (Nasdaq: MSTR), formerly MicroStrategy, is the world's largest Bitcoin treasury company. The company currently holds 713,502 BTC. Though it reported a net loss of $12.4 billion during the last quarter of 2025 due to the Bitcoin crash, co-founder and...

- Treasury Secretary Scott Bessent pushed back against speculation around a Strategic Bitcoin reserve, making clear that the federal government has no legal authority to support or "bail out" Bitcoin (CRYPTO: BTC) using public funds. No Bitcoin Bailout Authority During a House Financial Services Committee hearing on financial stability risks, a lawmaker questioned whether the U.S. government could support Bitcoin by directing banks to buy it or by deploying taxpayer funds into crypto markets. Bessent firmly rejected the premise, stating that neither the Treasury Department nor federal regulators have the authority to compel banks to purchase Bitcoin or to invest public money into crypto assets, including Bitcoin or so-called...

- What the 2022 Crypto Winter Reveals About Bitcoin’s Latest Sell-Off Bitcoin has recently experienced a sharp freefall in the past 48 hours, scaring retail investors and raising serious concerns over its future viability. Though its price has improved slightly on Friday, traders are bracing themselves for the next big dip– and how much worse it might be. Luckily for the crypto industry, this year wouldn't be the first time that the future seemed dire. In times like these, history is the best anchor for knowing what happens next, which moves to avoid, and for overall assessing just how bad the situation currently is. Many of these answers lie in the 2022 collapse. The Conditions That Preceded the 2022 Collapse Though a lot has...

- There are a few ways to earn passive income from your crypto holdings, including staking, crypto lending, yield farming, and decentralized finance (DeFi). As I write this, platforms like Aave (CRYPTO: AAVE) and Compound (CRYPTO: COMP) pay annual percentage yields (APYs) of 4.79% and 3.27%, respectively, on USD Coin (CRYPTO: USDC). However, there are limited consumer protections on crypto lending platforms, which can make them a risky way to generate yield. For example, many users lost money when the Celsius lending platform collapsed. Staking is a safer way to put your crypto to work. Generating passive income through staking In staking, certain cryptocurrencies pay yields to investors as a reward for contributing to network...

- Justin Bieber Paid $1.3 Million for a Bored Ape NFT. It's Now Worth $12K Pop music icon Justin Bieber became one of the most famous members of the Bored Ape Yacht Club when he spent 500 ETH—or around $1.3 million—in January 2022 for Ethereum-based NFT, Bored Ape #3001. Bieber’s ape, among the most common in the collection in terms of its visual attributes, is now valued at around $12,000 just four years later as the shine from NFTs and the Yacht Club has largely faded. The value of any artwork can be influenced by a variety of factors, including personal taste, provenance, and even previous ownership; Bieber's history with the NFT could potentially help it command a higher price if he were to put it on the market. But comparable...

- Investors, both traditional and crypto, have had a rough few days. And Feb. 5 took it up a notch. U.S. equities slid again as traders rushed into a risk-off stance, unwinding crowded bets in technology stocks and crypto. Bitcoin’s sharp sell-off only added fuel to the fire. According to one high-profile market voice, this might not be a coincidence. Market commentator and "Mad Money" host Jim Cramer suggested Bitcoin itself may have helped tip U.S. equities over the edge. What happened to markets on Feb. 5? It was a rough session across the board. The Dow Jones Industrial Average fell 592.58 points, or 1.20%, closing at 48,908.72. The S&P 500 Index slid 1.23% to 6,798.40, pushing the benchmark into negative territory for the...

- Bitcoin's (CRYPTO: BTC) price recently dropped below $70,000. It's now pulled back more than 40% from its all-time high last October and has given up all its gains since President Trump won the election on Nov. 5, 2024. That sell-off can be attributed to elevated Treasury yields, a murky outlook for future interest rate cuts, and other macro headwinds -- which all drove investors to book profits and rotate toward more conservative investments. As Bitcoin's price plunged, leveraged liquidations at key support levels accelerated the sell-off. That's why many investors might feel like a deer stuck in the headlights right now. However, I think the smartest move Bitcoin's long-term investors can make today is to simply do nothing. Why...

- Bitfarms Stock Pumps as It Dumps Bitcoin Mining for AI With Name Change, Move to US Publicly traded Bitcoin miner Bitfarms is fully detaching itself from the top crypto asset, changing its name to Keel Infrastructure as it seeks to transition its business to the United States to focus on empowering artificial intelligence (AI). The firm first announced its intentions in November to abandon its Bitcoin mining business, signaling a shift to providing infrastructure for AI as it saw an opportunity to improve net operating incomes. “Our new name reflects how we think about infrastructure, how we’re building this company, and how we want to serve our future customers,” CEO Ben Gagnon said in a Friday statement. “We are no longer a...

- Coinbase's Crypto-Backed Loans Notch Record Liquidations Amid Bitcoin, Ethereum Plunge Coinbase customers are experiencing pain in new ways as Bitcoin and Ethereum tumble, with losses piling up for thousands of users through the exchange’s crypto-backed lending product. Over the past week, Coinbase users have lost $170 million worth of collateral through liquidations on DeFi platform Morpho. As Bitcoin and Ethereum notched double-digit declines, some 2,000 users lost $90.7 million on Thursday alone. When Coinbase began providing access to Bitcoin-backed loans last year, the company positioned the product as a way for people to grow their wealth. It later expanded to Ethereum-backed loans, while raising loan limits to $5 million...

- Stock market today: Dow crosses 50,000 mark, leading S&P 500, Nasdaq higher as Wall Street rebounds from rout US stocks jumped on Friday, set to rebound from a weeklong tech bruising as Wall Street reassessed worries about the impact of AI disruption and the risks of hefty Big Tech spending. The Dow Jones Industrial Average (^DJI) led the way higher, surging by about 2.2%, or more than 1,000 points, to climb ahead of the 50,000 level for the first time. The S&P 500 (^GSPC) rose 1.7%, while the Nasdaq Composite (^IXIC) added about 2%, as the indexes bounced back from Thursday's sharp closing losses and a week's worth of selling pressure. Wall Street is ending the week with a bounce back, as Big Tech CEOs and analysts brush aside...

- Major crypto exchange error sparks talk of ‘free’ 2,000 BTC A sudden price gap on one of South Korea’s biggest crypto venues set off fresh speculation on Feb. 6 as traders tried to explain why Bitcoin briefly traded far below the wider market. The move looked like a localized shock rather than a broad selloff, but it landed in the middle of a bruising week for digital assets. Exchange error reportedly credited users with Bitcoin Market watchers and local media reports said the disruption followed an operational mistake tied to an exchange reward or event payout, with some accounts allegedly credited with Bitcoin instead of a smaller won-denominated reward. The exchange at the center of the incident, Bithumb, is one of South...

- US stocks jumped on Friday, set to rebound from a weeklong tech bruising as Wall Street reassessed worries about the impact of AI disruption and the risks of hefty Big Tech spending. The Dow Jones Industrial Average (^DJI) led the way higher, surging by about 2.2%, or more than 1,000 points, to within striking distance of the 50,000 milestone. The S&P 500 (^GSPC) rose 1.7%, while the Nasdaq Composite (^IXIC) added about 2%, as the indexes bounced back from Thursday's sharp closing losses and a week's worth of selling pressure. Wall Street is ending the week with a bounce back, as Big Tech CEOs and analysts brush aside concerns about the impact of new AI tools on legacy tech. The S&P 500 again turned positive for 2026, but the...

- Strategy, BitMine, Coinbase Shares Chart Major Rebound as Bitcoin Stabilizes Bitcoin juggernaut Strategy, Ethereum giant BitMine Immersion Technologies, and crypto exchange Coinbase all looked much more verdant Friday as the price of BTC stabilized after dropping 14% on Thursday. Strategy, which trades on the Nasdaq under the MSTR ticker, had gained 22% since the opening bell and was recently changing hands for $131. The company holds 713,502 BTC in its treasury, which was acquired for an average price of $76,047. But after BTC took a plunge yesterday, the Virginia software company is now underwater on its BTC stash. Bitcoin was recently trading for $69,500 after stabilizing since yesterday's dive. It has gained nearly 6% in the...

- Many altcoins, defined as any cryptocurrency besides Bitcoin (CRYPTO: BTC), fizzled out over the past year as high Treasury yields, unclear monetary policies, and other messy macro headwinds drove investors toward more conservative investments. However, investors who can stomach some near-term volatility might find a few good buying opportunities before the crypto market warms up again. Two of those promising altcoins are XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL). Let's see why these two smaller tokens could still be worth nibbling on in this choppy market. XRP XRP, the native token of the XRP Ledger, was created by the founders of Ripple Labs, a fintech company that specializes in blockchain-based money transfers. Its creators...

- South Korean Crypto Exchange Accidentally Gave Away $95 Billion in Bitcoin A South Korean crypto exchange accidentally credited users with billions of dollars’ worth of Bitcoin this week, triggering a flash crash in the platform’s listed value of the token. Instead of airdropping users 2,000 won (a sum worth $1.37 at writing), the exchange, Bithumb, reportedly sent 2,000 BTC apiece, users said. That massive sum was worth some $142 million at writing, with Bitcoin recently trading around $71,000. According to local reports, the accidental transfers were made as part of a “Random Box” giveaway, where 96% of recipients were poised to receive the lowest-value prize (presumably, the 2,000 won). Around 700 Bithumb users bought Random...

- 136-year-old investment firm predicts next Bitcoin crash I am pretty sure no crypto trader who experienced Oct. 10 ever imagined they would have to endure so many brutal sell-offs afterward. Fast-forward to today, and the crypto market resembles the landscape after a hurricane. Battered, scattered, and struggling to come back to normal. The Crypto Fear and Greed Index has plunged into single digits, flashing "Extreme Fear" at the score of 9. Bitcoin is down nearly 47% from its October peak and is changing hands around $66,900 at press time. And if there’s any truth to the saying that history repeats itself, the pain may not be over yet, at least according to analysts at Stifel. The Fed’s hawkish stance could be fueling Bitcoin’s...

- Bitcoin (BTC-USD) rebounded to $70,000 on Friday after prices fell as low as $61,000 following a 13% plunge on Thursday, the steepest one-day drop for the cryptocurrency since the FTX collapse in November 2022. The recovery reversed a wave of intense selling that surged through Thursday night, briefly pushing bitcoin’s decline to over 50% since its peak of $126,000 last October. "From a sentiment perspective, comparisons across cycles are always imperfect, but anecdotally there is an outsized sense of fear and fatigue among crypto-native participants,” Sean Farrell, head of digital assets at Fundstrat, wrote in a note on Thursday night. The strategist said he was increasing net long exposure to 80% in his portfolio, but "leaving...