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Bitcoin (BTC) managed a minor bounce of its worst levels of the day, but the bitcoin mining stocks were unable to reverse any of their plunge as Chinese AI startup DeepSeek threw into question ideas that the miners had value as data center plays.The largest cryptocurrency was recently trading at
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Elon Musk, picked by President Donald Trump to lead the new Department of Government Efficiency, proposed using blockchain technology as part of the operation, Bloomberg reported.Musk suggested that using a digital ledger would be a cost-efficient way to track federal spending, secure data, make payments and manage buildings, according to
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CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3657.28, down 7.0% (-274.43) since 4 p.m. ET on Friday.None of the 20 assets are trading higher.Leaders: BTC (-4.1%) and BCH (-4.9%).Laggards: UNI (-14.4%) and
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Decentralized identity project Humanity Protocol has closed a $20 million funding round, raising its valuation to $1.1 billion. The funding round was co-led by Pantera Capital and Jump Crypto, according to an emailed announcement.The project last raised $30 million at a $1 billion valuation in May 2024Humanity plans to use
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Bitcoin (BTC) fell just below $98,000, a near 10% drawdown from all time highs, with investors questioning the continuation of the bull run. The fall was attributed to the concerns about China's DeepSeek Artificial Intelligence hyper-efficient model competing with the U.S. industry at a fraction of the cost.Since President Trump
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Bitcoin (BTC) miners Bitdeer Technologies (BTDR), CleanSpark (CLSK) and Core Scientific (CORZ) were initiated with an outperform rating by KBW, the investment bank said in a report Monday.The three bitcoin mining companies offer varying degrees of exposure to the largest cryptocurrency, the bank said.Bitdeer offers diverse exposure to a bitcoin
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Bullish bets on higher crypto prices lost $770 million in the past 24 hours as bitcoin fell under $100,000, leading to some majors rapidly losing momentum in a bloody start to the week.Solana’s SOL and dogecoin (DOGE) dropped more than 10% to lead losses among majors, while ether (ETH), BNB
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Bitcoin (BTC) may drop to $75,000 should it trigger a so-called 'double top' bearish reversal pattern.A double top comprises two consecutive peaks at approximately the same price, with a trendline drawn through the low point between these peaks. The failure to break above the previous peak, followed by a subsequent
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Artificial Intelligence (AI) tokens are in the red during the Asia morning trading hours on Monday, with the AI category on CoinGecko down 9%, registering bigger losses than the CoinDesk 20 – a broader crypto index – which is down 5%.Crypto investors, like their traditional finance counterparts, are likely digesting
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While the TRUMP token brought considerable attention to the crypto market, it struggled to onboard substantial new capital. That's the takeaway from the comparative analysis of TRUMP's market cap versus the total value of the crypto market.The memecoin launched with significant impact last week, reaching a market cap of over
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