Crypto News

Why is the iShares Bitcoin Trust ETF (IBIT) outperforming the S&P 500 in what is supposed to be a risk-off market environment? Bitcoin crossed the $90,000 level Tuesday for the first time in a month, while Bitcoin ETFs like the $50 billion IBIT jumped more than 4%, closing in on the breakeven price point for the year. Compare this to the broad stock market proxy and largest exchange-traded fund in the world, the Vanguard S&P 500 ETF (VOO), which is still down 10% year to date, and the recently high-flying tech sector’s steep decline of roughly 17% through Tuesday's session. How can volatile Bitcoin ETFs like IBIT outperform U.S. stocks amid trade war escalation fears and heightened economic and market uncertainty? The world’s most...

BTCUSDT perp futures price on Binance and daily changes in open interest on major perp exchanges. (Velo) As bitcoin (BTC) and ether's (ETH) recovery rally gathered momentum Tuesday, the perpetual futures market saw an even more pronounced increase in open interest, pointing to growing investor confidence as the Trump administration dialed back on its trade-tariff, anti-Fed rhetoric. BTC, the leading cryptocurrency by market value, rose 6.79% nearly topping $94,000 for the first time since March. That's the most significant single-day percentage gain since April 9. The Ethereum blockchain's ether token jumped 11% to $1,1175, its best performance since April 2. The rally came as U.S. Treasury Secretary Scott Bessent discussed...

Cantor Fitzgerald is set to launch a $3 billion Bitcoin investment initiative in collaboration with SoftBank, Tether, and Bitfinex, according to a report by the Financial Times. The project involves the establishment of a new entity named 21 Capital, which aims to create a publicly listed alternative to existing Bitcoin investment strategies. Brandon Lutnick, current chair and CEO of Cantor Fitzgerald and son of former CEO Howard Lutnick, is at the helm of this venture. The initiative will utilize funds from Cantor Equity Partners, a special purpose acquisition company (SPAC) that raised $200 million earlier this year. The investment contributions to 21 Capital are substantial, with Tether expected to provide $1.5 billion in Bitcoin...

Assets by market cap (companiesmarketcap) Bitcoin (BTC) has become the fifth-largest asset by market capitalization, reaching $1.86 trillion and surpassing Google (GOOG) as it breaks through $94,000. This marks the highest position bitcoin has ever attained in the rankings, even though its market cap previously exceeded $2 trillion when its price was over $109,000. At that time, however, tech stocks were significantly more elevated than they are at the moment. Bitcoin has just broken above $94,000, turning positive for the year. Renewed optimism is emerging amid easing tensions in the U.S.–China tariff trade war, which has fueled gains for both bitcoin and tech stocks, with Nasdaq futures rising 2%. Technically, bitcoin has now...

Bitcoin continued to climb after US President Donald Trump stated he had no intention of firing Federal Reserve Chair Jerome Powell, alleviating concerns over the central bank’s autonomy. The largest cryptocurrency rose about 3% before trimming some gains to exchange hands at $93,804 at 7:28 a.m. in London on Wednesday. Smaller tokens including Ether, XRP, and Solana also rose. Bitcoin topped $90,000 on April 22, signaling it was breaking away from its longstanding tendency to move in the same direction as US stocks. However, the token's value then increased alongside stocks and the dollar following Trump’s comments on Powell and amid optimism about potentially easing trade tensions. Treasury Secretary Scott Bessent noted at a...

Cantor Fitzgerald LP, Tether Holdings Ltd., and SoftBank Group are in talks to form a $3 billion vehicle that would absorb billions of dollars in cryptocurrency. Cantor Equity Partners I Inc., a special purpose acquisition company, raised $200 million in January and will use the cash to create a new firm. Stablecoin giant Tether will contribute $1.5 billion of Bitcoin, while Tether-affiliated exchange Bitfinex and SoftBank plan to put in $600 million and $900 million of the cryptocurrency, respectively, according to a person familiar with the matter who asked not to be named as the discussions are private. The deal may be announced within the coming days, the person said. SoftBank declined to comment. Cantor, Tether, and Bitfinex...

Illustration shows representations of cryptocurrencies U.S. President Donald Trump said on Tuesday that the crypto industry needs regulatory certainty and clear rules of the road that Securities and Exchange Commission Chairman Paul Atkins will work on providing. "He's the perfect man to lead this agency at a time when crypto innovators are urgently in need of and they want so badly, they want it to happen, regulatory certainty and clear rules of the road," Trump said, speaking at Atkins' swearing in as the SEC chairman. Bessent said neither side sees the status quo as sustainable, adding that the Trump administration's goal was not to decouple the world's two largest economies, according to a person who heard his presentation to...

Bitcoin has been showing resilience amidst global economic concerns, particularly the ongoing U.S.-China trade tensions. In the two weeks leading up to April 22, Bitcoin's price rose by 12%, a strong recovery compared to the broader markets. While the U.S. imposed tariffs on China up to 125% and China reciprocated with similar increases, Bitcoin seemed unaffected by these trade issues. This has led many to observe that Bitcoin is beginning to behave more like gold, rather than the volatile Nasdaq, with growing interest in it as a safe-haven asset. Alex Svanevik, CEO of the crypto intelligence platform Nansen, noted that Bitcoin has been decoupling from traditional stock markets. Unlike altcoins and major indexes like the S&P 500...

The price of LUCE, a Solana-based meme coin themed around the Vatican’s Holy Year 2025 mascot, has surged dramatically following the death of Pope Francis. On some exchanges, LUCE jumped as much as 134%, reaching a high of $0.02517 before settling at around $0.015. CoinMarketCap data shows LUCE previously dropped below $0.009 before its latest rebound, which saw the token’s trading volume rise to nearly $50 million in 24 hours—a 515% increase. The coin, which debuted in October 2024 shortly after the Vatican revealed its Jubilee mascot, quickly gained traction and reached a peak market cap above $80 million within two days of launch. Despite being unaffiliated with the Vatican, LUCE now has around 44,800 holders and a current market...

Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick and chair of brokerage Cantor Fitzgerald, is partnering with SoftBank, Tether, and Bitfinex to create a multibillion-dollar bitcoin acquisition vehicle, the Financial Times reported on Tuesday. The vehicle, Cantor Equity Partners, will use the cash to create a new firm called 21 Capital. It will receive $3 billion in bitcoin from the other cryptocurrency investors and trading firms, the report added, citing unnamed sources. Tether would contribute $1.5 billion of bitcoin, while SoftBank and Bitfinex would contribute $900 million and $600 million, respectively, of the digital currency, according to the report. FT said the announcement was likely to come in the next few...

U.S. President Donald Trump's social media firm, Trump Media & Technology Group, announced its plan to launch various retail investment products, including cryptocurrencies, as part of its expansion into financial services. This initiative is backed by a preliminary agreement between Trump Media and Crypto.com, along with Yorkville America Digital. The Trump Media, which manages the Truth Social platform, aims to introduce exchange-traded funds (ETFs) that align with its America First policies, pending regulatory approval. Devin Nunes, CEO of Trump Media, emphasized the potential growth of both the American economy and digital assets. Despite these plans, no ETF filings have been made with the Securities and Exchange Commission yet...

Trump Media and Technology Group (DJT) has signed a binding agreement with Crypto.com and Yorkville America Digital to launch a series of TMTG ETFs through its Truth.Fi brand, according to a Tuesday press release. The agreement advances TMTG's financial services strategy, with the company planning to allocate up to $250 million of its cash reserves toward these exchange-traded funds. This move expands TMTG beyond its social media and streaming platforms into the fintech sector. **TMTG ETFs Set to Launch** The ETFs will focus on digital assets and securities with a "Made in America" emphasis across various industries, including energy, according to the company's announcement. Subject to regulatory approval, these funds are expected to...

Bitcoin, the world's largest cryptocurrency, rose 5.01% to $91,713.49, after earlier breaking through the $90,000 for the first time since March as U.S. President Donald Trump's trade policies have rocked global markets. This article has been published in reuters.com via Yahoo News. https://finance.yahoo.com/news/bitcoin-rises-5-above-91-192849209.html

The price of Bitcoin (CRYPTO: BTC) recovered on Tuesday as investors swung back to a risk-on trade. Markets have feared growing trade tensions between the U.S. and China, and that pushed stocks lower on Monday. Investors looking for a "safe" alternative have pushed gold and Bitcoin higher, with the biggest cryptocurrency jumping 5.2% in the last 24 hours as of 2:10 p.m. ET today. Crypto miners followed the move with TeraWulf (NASDAQ: WULF) jumping as much as 20.9%, Riot Platforms (NASDAQ: RIOT) rising 14.3%, and MARA Holdings (NASDAQ: MARA) climbing 12.2%. The stocks are currently up 17.6%, 12.1%, and 11.1% respectively. Bitcoin's jump and its role in global finance The strange thing about the moves in the market recently is how...

The price of Bitcoin (CRYPTO: BTC) recovered on Tuesday as investors returned to a risk-on trade. Markets have been concerned about growing trade tensions between the U.S. and China, which led to a drop in stocks on Monday. As a result, investors have sought "safe" alternatives, pushing gold and Bitcoin higher. The largest cryptocurrency jumped 5.2% in the last 24 hours as of 2:10 p.m. ET today. Crypto miners mirrored this trend, with TeraWulf (NASDAQ: WULF) increasing by as much as 20.9%, Riot Platforms (NASDAQ: RIOT) rising 14.3%, and MARA Holdings (NASDAQ: MARA) climbing 12.2%. The stocks are currently up 17.6%, 12.1%, and 11.1%, respectively. Bitcoin's jump and its role in global finance Recent market movements have been unusual...

Bitcoin advanced above $90,000 for the first time since early March, fueling optimism that the biggest digital token is finally breaking free of a longstanding tendency to move in the same direction as US tech stocks. After briefly succumbing to the risk-asset selloff that followed US President Donald Trump’s announcement of sweeping tariffs on geopolitical allies and rivals alike, Bitcoin has rallied almost 23% from an April 7 low. In doing so, it has begun trading more akin to gold, the standout asset in markets roiled by tariff uncertainty. Bitcoin gained as much as 5% to trade as high as $91,687 on Tuesday. The Bloomberg Dollar Spot Index recovered slightly after falling to its lowest since late 2023 on Monday. The Nasdaq 100...

None Bitcoin is on the rise this week. Bitcoin (BTCUSD) rose Tuesday, topping $90,000 for the first time since early March. The move has the estimated total market capitalization of crypto at above $2.8 trillion. Several crypto stocks were rising alongside bitcoin. Shares of crypto exchange Coinbase (COIN) are up about 7%. Mara Holdings (MARA), a Bitcoin miner, is up nearly 10%, while bitcoin buyer Strategy (MSTR), formerly MicroStrategy, was up about 8%. Coinbase is set to report earnings soon: Its results are due May 8. Bitcoin changed hands below $80,000 earlier this month. The European Union has outlined plans to shore up its own defense capabilities to reduce reliance on the U.S. by 2030, meaning any role for companies...

Bitcoin (BTC) surged to $90,000 for the first time since March 7, adding more than 5% in the past five days as the paths of the largest cryptocurrency and traditional equities diverge. In comparison, the S&P 500 was trading above 5,700 points on March 7 and has since slipped below 5,200. Despite the recent bounce, Bitcoin remains down more than 5% year to date. It has, however, recovered significantly from its April 8 low, when it was down nearly 20% on the year and more than 30% below its record of around $109,000 in January. That marked the steepest correction of this cycle and eclipsed the August 2024 drawdown, when it slid to $49,000. From a market structure perspective, the average perpetual funding rate across exchanges is...

Photo: Joe Readle (Getty Images) Bitcoin prices have been on a tear lately, punching through the $90,000 mark for the first time in six weeks Tuesday. And analysts say it could be on the verge of a broader comeback. The cryptocurrency, which has been holding in a range of $75,000 to $90,000, will break out if it tops $90,000, wrote Larry Tentarelli, chief technical strategist for Blue Chip Daily Trend Report. Until recently, Bitcoin had been in a steady slide since Trump was inaugurated. It’s currently 20 percent off its $107,000 high, hit before President Trump’s inauguration. But recent market volatility could be boosting the cryptocurrency. Analysts say that Bitcoin and gold are offering investors alternative places to stash...

Bitcoin surged past $90,000 today, breaking through this price level for the first time in 45 days. The leading cryptocurrency has staged a remarkable comeback after falling from its all-time high of $109,114.88 recorded on January 20, 2025. The rally comes as the U.S. dollar index (DXY) plummeted to 98.29 on Monday, its lowest point in three years. The dollar's weakness stems largely from the intensifying conflict between President Trump and Federal Reserve Chairman Jerome Powell. Trump has publicly criticized Powell's monetary policy decisions. Powell has defended the central bank's independence, emphasizing that decisions are based solely on economic data rather than political pressure. Experts note that the Federal Reserve Act...