Combined with softer than expected October data, this morning's numbers point to at least a modestly weaker jobs market as the economy heads into the end of the year.
Crypto-related stocks suffered far deeper declines as bitcoin slumped well below its recent trading range.
The curse of the U.S. trading session — in which bitcoin tends to fall as American stocks trade — has hit yet again.
The Terraform Labs co-founder pleaded guilty to conspiracy and wire fraud in August.
Downward pressure on bitcoin is losing steam, with the market stabilizing but not yet out of the woods, said one analyst.
The dollar, along with precious metals and bond yields, is reacting as expected to easier financial conditions, but crypto remains in a bearish trend.
The anticipated move comes as policymakers are still operating without several key economic data releases that remain delayed or suspended due to the U.S. government shutdown.
The change from what's become typical bearish U.S. session action could signal seller exhaustion.
Bowing to what he called a "cold breeze," but not a "crypto winter," Geoff Kendrick slashed his year-end outlook for BTC to $100,000 and doesn't expect $500,000 until 2030 versus 2028 previously.
Last week's acquisition was mostly funded via the sale of common stock.
Helping the mood in crypto were moves by institutional giants Vanguard and Bank of America to open up digital assets to their clients.
Led by Executive Chairman Michael Saylor, the company also added to its bitcoin holdings last week, bringing its total stack to 650,000 BTC.
Just when traders got used to price declines on the Wednesday ahead of Turkey Day, bitcoin pulled a reversal higher.
The price of bitcoin jumped back above $87,000 and crypto miners with a focus on AI/high-performance computing are surging.
Previously having essentially written off chances of further monetary ease in 2025, interest rate traders are now pricing more than a 70% chance of a rate cut at the Federal Reserve's December meeting.
U.S. stocks are also giving up a major early advance, with the Nasdaq now ahead just 0.3%.
After a rare spot of outperformance on Tuesday, bitcoin has resumed sliding, with one analyst eyeing $84,000–$86,000 as potential local bottom.
After plunging below $90,000 overnight, BTC has regained the $93,000 level in U.S. morning action.
Amid the continued panicky action in crypto, online chatter suggested Strategy was unloading some of its bitcoin stack, a rumor Executive Chairman Michael Saylor shot down Friday morning.
Crypto’s U.S. trading-hour weakness continues as hopes for new 2025 BTC high fade, market strategist said.
XRP is the latest token to be wrapped in a spot exchange-traded fund after the introduction of bitcoin and ether funds 2024 and solana just weeks ago.
XRP is the latest token to be wrapped in a spot exchange-traded fund after the introduction of bitcoin and ether funds 2024 and solana just weeks ago.
The House of Representatives voted in favor of a monthslong funding measure late Wednesday.
The CFTC's interim boss, Caroline Pham, is said to be personally guiding exchanges on launching compliant products as she also overhauls the agency.
Continuing a steep slide begun in July, Michael Saylor's Strategy has now turned lower on a year-over-year basis.
Pantera, Galaxy Digital and Citadel Securities joined the deal, which expands Ripple’s institutional base as its payments and stablecoin businesses surge.
The largest crypto has now tumbled more than 20% since hitting a record high above $126,000 only one month ago.
Ether, XRP, dogecoin and solana are all lower by 15%-20% over the past week.
The downturn in prices rippled across derivatives markets, liquidating over $1 billion in leveraged trading positions across all digital assets Monday, CoinGlass data showed.