Bitcoin falls below $83,000 as dollar strength keeps markets on edge
Bitcoin and gold hold steady as a firm dollar and rising bond yields weigh on sentiment, while IREN secures a multiyear cloud services deal with Anthropic.
Bitcoin, ether slides to session lows in weak afternoon trading
Bitcoin BTC$82,303.13 has slipped further during the U.S. trading session, hitting a session low of near $82,300 in a weak afternoon trading for risk assets.
Ether ETH$2,508.15 has now given back all its overnight gains, holding above $2,500 level by a thread.
The two largest cryptocurrencies lost 1.6% and 1.3%, respectively, over the past 24 hours. Other crypto majors including XRP, Solana (SOL) and Hyperliquid’s HYPE were also down 3%-4% during the same period.
Securitize slides 10% as crypto stocks lose ground in holiday trading
A mid-day check on the U.S. stock market shows most crypto-related stocks nursing losses, with tokenization firm Securitize (SECZ) leading the selling.
The firm’s shares fell more than 10% by midday, giving up most of the recent bounce fueled influential investment research firm Citrini's report featuring the company as one of the biggest beneficiary of Wall Street bringing equities onto blockchain rails.
Elsewhere, digital custodian BitGo BTGO$7.0800 and institutional-focused exchange Bullish BLSH$31.62 both slipped about 3%. USDC issuer Circle CRCL$82.67, bitcoin holder Strategy MSTR$151.22 and ether treasury Bitmine BMNR$23.65 nursed modest declines. Coinbase COIN$177.95 held up with a 0.5% gain.
The weakness came as broader U.S. stocks struggled for direction. The S&P 500 was flat, while the tech-heavy Nasdaq 100 fell 0.5%.
Trading is taking place against a holiday backdrop, with the U.S. bond market and Canadian stock exchanges closed for the day. U.S. stock markets remain open.
Bitcoin and gold hold steady as a firm dollar and rising bond yields weigh on sentiment, while IREN secures a multiyear cloud services deal with Anthropic.
Bitcoin, ether slides to session lows in weak afternoon trading
Bitcoin BTC$82,303.13 has slipped further during the U.S. trading session, hitting a session low of near $82,300 in a weak afternoon trading for risk assets.
Ether ETH$2,508.15 has now given back all its overnight gains, holding above $2,500 level by a thread.
The two largest cryptocurrencies lost 1.6% and 1.3%, respectively, over the past 24 hours. Other crypto majors including XRP, Solana (SOL) and Hyperliquid’s HYPE were also down 3%-4% during the same period.
Securitize slides 10% as crypto stocks lose ground in holiday trading
A mid-day check on the U.S. stock market shows most crypto-related stocks nursing losses, with tokenization firm Securitize (SECZ) leading the selling.
The firm’s shares fell more than 10% by midday, giving up most of the recent bounce fueled influential investment research firm Citrini's report featuring the company as one of the biggest beneficiary of Wall Street bringing equities onto blockchain rails.
Elsewhere, digital custodian BitGo BTGO$7.0800 and institutional-focused exchange Bullish BLSH$31.62 both slipped about 3%. USDC issuer Circle CRCL$82.67, bitcoin holder Strategy MSTR$151.22 and ether treasury Bitmine BMNR$23.65 nursed modest declines. Coinbase COIN$177.95 held up with a 0.5% gain.
The weakness came as broader U.S. stocks struggled for direction. The S&P 500 was flat, while the tech-heavy Nasdaq 100 fell 0.5%.
Trading is taking place against a holiday backdrop, with the U.S. bond market and Canadian stock exchanges closed for the day. U.S. stock markets remain open.