Nasdaq and bitcoin often move together, suggesting the golden cross could encourage bitcoin bulls.
The company, which has been aggregating Solana’s SOL, wants to enter the U.S. market.
The Tron blockchain is reportedly planning a backdoor entry to the US public markets through a reverse merger with SRM Entertainment, a Nasdaq-listed company, the Financial Times reported on June 16. If completed, the merger would create a new company, Tron Inc., holding large amounts of TRX, Tron’s native token. The report also suggested that […]
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Cardano’s ADA has joined the Nasdaq Crypto Index, moving from the sidelines into the institutional spotlight. According to Nasdaq filings, this shift brings ADA alongside Bitcoin and Ethereum in one of the main benchmarks watched by big investors. It’s a sign that regulators and asset managers see Cardano as more than just another blockchain token. Related Reading: Bitcoin To $1 Million? Michael Saylor Laughs Off Crypto Winter Fears Index Broadens To Nine Assets Based on reports from TapTools and Nasdaq’s Form 8-K, the index grew from five to nine assets. It now lists Bitcoin, Ethereum, Litecoin, Chainlink, Uniswap, and adds Cardano (ADA), Solana (SOL), Ripple (XRP), and Stellar (XLM). The change gives these newcomers a seat at the table. It also means more options for funds that track this benchmark. Cardano $ADA has officially been added to the Nasdaq Crypto Index, joining BTC and ETH in one of the industry’s top institutional benchmarks. It’s not just recognition— It’s infrastructure-level validation. Full breakdown ????https://t.co/n6nW3aK8rt pic.twitter.com/KuyDXy4cem — TapTools (@TapTools) June 10, 2025 Impact On Weighting Of Bitcoin And Ethereum Previously, Bitcoin made up 85% of the index and Ethereum held 10%. With ADA and the other three in play, Bitcoin’s share falls to 75% and Ethereum’s to 11%. This shift lets portfolio managers spread risk across a broader set of tokens. It also lowers the concentration in the two biggest names in crypto. SEC approves NASDAQ Index that includes ADA Cardano pic.twitter.com/p7Rj5RVGQd — Cardano Feed ($ADA) (@CardanoFeed) June 11, 2025 ETF Holdings Await SEC Signoff Even though the index itself now includes all 9 assets, the US-listed Hashdex Nasdaq Crypto Index ETF still holds only Bitcoin and Ethereum. That won’t change until the SEC signs off on updates to the ETF’s rulebook. Based on the current timeline, that approval is expected in early 2026. Until then, US investors can track the wider index on paper, but their ETF shares will stick with the original two coins. Related Reading: TRX Price Up As Tron Rolls Out The Red Carpet For Trump-Backed Stablecoin Cardano Gains Institutional Spotlight For Cardano, this is more than a trophy. It means added liquidity, better price support, and a clearer path into institutional portfolios. More cash in and out of ADA markets could narrow trading spreads and smooth out big swings. Trading platforms, custody services, and exchanges will feel the impact too. They’ll need to meet the index’s criteria—steady volume, regulated venues, and institutional-grade storage. Those checkpoints help keep major players comfortable when they decide to buy or sell ADA at scale. Overall, bringing ADA into this benchmark shows that big finance is watching Cardano more closely than before. Yet the final step—actual ETF inclusion in the US—still lies with regulators. Featured image from Unsplash, chart from TradingView
Galaxy Digital shares started trading on Nasdaq today, but the listing will have to jostle for the crypto sphere's attention.
Nasdaq has filed a 19b-4 form with the US Securities and Exchange Commission (SEC) to support the listing of a new 21Shares Spot Dogecoin (DOGE) Exchange-Traded Fund (ETF), according to an April 29 filing. The proposed fund would offer investors passive exposure to Dogecoin’s price without engaging in speculative trading activities like leverage, derivatives, or […]
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A highly specific taxonomy is needed for the U.S. to move forward with crypto regulation, the company argued in a letter to the agency.
Bitcoin prices surged this week, increasing from $84,100 on Monday to $93,549 at the time of the most recent market update. This 6.5% increase over a 24-hour period occurs as the cryptocurrency is seen breaking its historical link with tech stocks, market analysts say. Related Reading: Bitcoin Rockets To Monthly Highs As Open Interest Explodes By Over $3 Billion Bitcoin And Gold Chart Different Paths From Traditional Markets Eric Balchunas, Bloomberg Senior ETF Analyst, noted that Bitcoin has performed better than treasury bonds, which he described as “unreliable” in current market trends. Gold also defied expectations, dropping 0.983 points while stocks fell. The precious metal recently reached a record high of $3,500 per ounce before it settled at approximately $3,400. Though Balchunas conceded the time period is short, he emphasized that the crypto must continue to “win” these short-term skirmishes to gain its position as an actual alternative asset. These small wins may ultimately put Bitcoin in front of global stocks, much like gold has done over time. Bitcoin up big yest when stocks down, showing negative correlation to stocks past week or so, better than treasuries (which are unreliable once again), altho gold is in league of own (-98). Obv a ridic small time frame but gotta get get these small wins if it ever wants to be… pic.twitter.com/JydPKuDRNA — Eric Balchunas (@EricBalchunas) April 22, 2025 ETF Money Flows Reach Highest Levels Since January As per Matthew Sigel, VanEck’s head of research, Bitcoin’s rally from its April 7 low has freed it from its historical correlation with US tech stocks. This is as Bitcoin Exchange-Traded Funds (ETFs) recorded their largest inflows since January 30, indicating increasing investor confidence. The timing of such inflows may be pivotal in maintaining Bitcoin’s present price rally. According to reports from market observers, without ongoing investment via these ETFs, the momentum may be lost. Bitcoin Surges As NASDAQ Stumbles Latest data pointed out a rare divergence between Bitcoin and the NASDAQ index. As Bitcoin prices rose, the NASDAQ struggled – a trend that never lasts long. When the NASDAQ’s 200-day moving average has declined in the past, the crypto generally encountered challenging market conditions. Today, Bitcoin is at its own 200-day moving average, but some analysts are thinking that this time may go differently if investment flows continue to be robust. Related Reading: Pi Network Frenzy Builds: $5 Prediction As Whales Take Out Millions Investor Sentiment Shows Signs Of Recovery Statistics show that sentiment towards investing in digital assets is getting better. The majority of fresh funds entering crypto during the last week went straight into Bitcoin, although mid-week retail activity led to $146 million in outflows. The recent price action of the cryptocurrency has been noticed as it implies Bitcoin could be settling in as an investment asset. While financial assets and technology stocks follow their own patterns in the market, current capacity for Bitcoin to do something different piques interest concerning whether it will play a long-term function. Featured image from PixelPlex, chart from TradingView
Bitcoin continues to outperform traditional tech benchmarks, signaling a potential shift in market leadership as correlations weaken.
Historic gains offer short-term relief, but market patterns signal caution ahead.
Since Bitcoin failed to hold above the $100,000 psychological barrier earlier this year, its bullish momentum has gradually unraveled. The pullback has deepened over the past two months, with Bitcoin trading between $75,000 and $79,000 in April. The bullish prospect is becoming very weak, and the crypto sector is searching for technical clarity amidst a buildup of pressure across traditional markets, especially with equities. Given the situation, crypto analyst Tony Severino noted that the current setup offers one major move that could invalidate an extended bearish momentum. Tony “The Bull” Identifies Important LMACD Inflection Point To Reject Bearish Hypothesis According to Tony “The Bull” Severino, the most important chart development is the incoming bearish crossover on Bitcoin’s 1-month LMACD indicator. The LMACD, which tracks market momentum on a logarithmic scale, currently shows the blue line drifting toward a crossover beneath the orange signal line. Related Reading: Crypto CEO Reveals Why The Bitcoin Bull Market Is Over With Crash Below $80,000 This kind of intending crossover is known to be an important bearish confirmation, and its appearance has coincided with growing weakness across broader markets, including traditional indices like the S&P 500 and Nasdaq. Although the crossover has not yet been confirmed by a monthly close, its presence at the open of April is enough to stir concern. Severino explained that unless a significant rally occurs before the end of the month, the blue line will cross below the orange line, and momentum will officially turn bearish. If the month closes with the crossover intact, it will mark the first confirmed bearish momentum shift on the LMACD since the bullish reversal in July 2023. Bitcoin Bulls Still Have A Window To Flip The Outlook Before April Ends According to Tony Severino, this crossover is not the sole reason for leaning bearish on Bitcoin’s medium-term trajectory, but it stands out as the most precise technical marker that could trigger a rethink. The crossover isn’t isolated to the Bitcoin price chart. Severino highlighted that the same bearish crossover was already confirmed last month in major indices like the S&P 500 and the Nasdaq 100. Interestingly, the crossover has already shown up in the BTCUSD versus GOLD chart, further supporting the idea that Bitcoin is no longer moving in isolation but reacting to widespread macro pressures. Related Reading: Bitcoin Price 1-Month Stochastic: Expert Warns Investors To Stop Comparing BTC To 2017 Moves Despite the bearish tilt, the situation is not yet final. The current crossover is provisional, meaning there’s still time for bulls to reverse the signal. A powerful upward move this month could cause the blue LMACD line to diverge higher, reestablish upward momentum and invalidate the bearish setup before it solidifies. The analyst also noted this possibility of a rebound considering the current oversold levels. This is because oversold technical conditions generally creates the kind of environment where a dramatic reversal is possible. At the time of writing, Bitcoin is trading at $77,260, down by 2.23% and 8.93% in the past 24 hours and seven days, respectively. Featured image from Unsplash, chart from Tradingview.com
Frustrated bitcoin bulls might want to zoom out as stocks gain across the globe following the days-long tariff-induced rout.
The cryptocurrency market is showing resilience as U.S. equities plunge and investors look to bitcoin as a potential hedge
Is the long-awaited "decoupling" finally here? Bitcoin bulls hope so.
Despite steep declines in U.S. equities, bitcoin shows surprising strength, holding above key technical levels.
Bitcoin could be viewed as serving multiple purposes in a tech portfolio, paving the way for more institutional buying, the bank's digital asset research head said.
The relief could be short-lived per some observers.
Initially BTC decoupled from stocks, but the positive correlation has strengthened during the recent downturn.
Stretched positioning and Japanese institutional activity could cap gains in the yen, paving the way for a bounce in Nasdaq and bitcoin.
Nasdaq plans to introduce 24-hour trading by the second half of 2026, a move that mirrors the crypto market’s nonstop activity. Nasdaq President Tal Cohen confirmed the development on March 7, stating that discussions are underway with regulators, market participants, and infrastructure providers. The goal is to extend trading hours to five days a week […]
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Having sunk to as low as $81,500 earlier in the session, bitcoin (BTC) climbed above $88,000.
Treasury Secretary Scott Bessent Tuesday morning said the Trump administration is committed to lowering interest rates.
The technical outlook has worsened for both BTC and Nasdaq.
Crypto had plenty of reasons on its own to head lower, but now a general macro risk-off sentiment can be added to the mix.
The firm, which holds 1,000 BTC, went public on the Nasdaq Wednesday via a SPAC merger.
There has been a significant shift in how closely Bitcoin (BTC) moves alongside traditional equity indices compared to earlier months. The correlation with the Nasdaq and the S&P 500, which had been relatively strong through much of 2024, shows a slight but consistent decline going into late 2024 and 2025. Part of the reason for […]
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Crypto pundit Andrei Jikh has reignited the $100 XRP price target, sparking a bullish sentiment in the XRP community. The analyst outlined several factors that could contribute to the parabolic rally to the ambitious $100 target. Factors That Could Contribute To The $100 XRP Price Target In a YouTube video, Jikh highlighted a potential end to the Ripple SEC lawsuit as one of the factors that could spark the XRP price rally to the $100 target. He cited the SEC’s removal of the Ripple case from its website, which indicates that legal pressure is easing. The Commission’s agreement with Binance to pause their ongoing legal battle has also sparked optimism that the Ripple lawsuit could soon end. Related Reading: XRP Price Enters Golden Pocket: Analyst Says It’s A Good Buy At These Levels Jikh then alluded to a Nasdaq report stating that 80% of Japanese banks are set to adopt XRP for global payments. The analyst is confident that this move will cause adoption to skyrocket, which could contribute to the projected rally to $100. He noted that Japan’s banking system is huge, which makes this a big deal for the altcoin. Furthermore, the crypto pundit highlighted the potential approval of the XRP ETFs as another factor that could drive the XRP price to the $100 target. He noted how the Bitcoin price surged to new highs after the Bitcoin ETFs were approved, and Jikh believes something similar could happen. Another factor that the crypto analyst believes could contribute to the XRP price rally to $100 is the possibility of Ripple’s payment system replacing SWIFT. He highlighted how the global payment industry is worth trillions of dollars. As such, Ripple processing a huge chunk of these global payments could cause XRP’s utility and demand to skyrocket, ultimately impacting its price. Other Bullish Fundamentals For The Altcoin Meanwhile, Jikh also alluded to the XRP Ledger (XRPL) and Ripple’s Real USD (RLUSD) as factors that could contribute to the XRP price rally to $100. He noted that the XRPL processes around 1,500 transactions, making it a potential option for tokenization plans, which is bullish for the asset. Related Reading: XRP Bulls Shake Off Crash, Target This Major Resistance On The Road To $3.85 If the XRPL becomes the go-to platform for tokenizing real-world assets such as stocks and bonds, this will help drive demand up and make the crypto more valuable. The RLUSD stablecoin is also bullish for XRP as its burn mechanism helps remove XRP from circulation as its utility grows. Jikh then alluded to the possibility of Ripple CEO Brad Garlinghouse being on the White House Crypto Advisory Council. This is especially bullish for the XRP price as Garlinghouse being on the Council could cement its place in the newly-created US sovereign wealth fund. At the time of writing, the asset’s price is trading at around $2.55, up over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Yesterday, the NASDAQ slid 3% as China’s low-cost AI model, DeepSeek, sent shockwaves through the tech industry, triggering a steep sell-off in US chipmakers. While Bitcoin (BTC) also dipped to a low of $97,777, the flagship cryptocurrency has since recovered most of its losses, trading above the key $100,000 price level. Bitcoin Holding Strong Despite NASDAQ Sell-Off Bitcoin’s resiliency amid the stock market sell-off is ‘extremely bullish’, says Bitwise’s European Head of Research, Andre Dragosch. They highlighted that the leading digital asset has outperformed NASDAQ over the past two days and is currently showing limited downside risk. It is worth noting that BTC has gained close to $5,000 since yesterday’s dip to $97,777, trading at $102,758 at the time of writing. In contrast, the S&P 500 closed yesterday’s last trading session down 1.5%. Related Reading: Bitcoin Profit-Taking Drops 93% From December Peak – What’s Next For BTC? The decoupling between BTC and the stock market is further evidenced by differing investor sentiments. According to the ‘Fear & Greed Index’, the stock market currently sits at 44/100, indicating lingering fear among investors after yesterday’s market downturn. Conversely, the Index’s reading for the crypto market stands at 72/100, suggesting a sentiment of greed toward digital assets. However, this could also indicate that the crypto market is lagging behind the stock market and may experience a further drawdown while the stock market seeks stability. Meanwhile, Keith Alan, co-founder of Material Indicators, shared a post on X, viewing BTC’s brief slump as a dip-buying opportunity and adding to his BTC position. Alan noted: That wick to $97,750 should not shake your confidence in this Bitcoin bull run, but it should remind you that a deep correction can, and most likely will, develop when the market gets over hyped. Similarly, seasoned crypto trader and analyst Rekt Capital shared insights on Bitcoin’s current price momentum, stating that it is “still relatively early” in BTC’s parabolic phase for this market cycle. Historically, this phase has lasted about 300 days on average, and BTC is currently at day 82. BTC Top Not In Yet? Although BTC reached a new all-time high (ATH) of $108,786 on January 20, some analysts believe the top is not yet in for the cryptocurrency. According to analysis by Stockmoney Lizards, BTC could reach a cycle peak of $400,000 by November 2025. Related Reading: Bitcoin Price Forecast Of $150,000 ‘Too Low’ Amid Rising Adoption, Crypto Trader Says A further rally for BTC seems plausible, as ‘whales’ have started accumulating the cryptocurrency since Donald Trump’s inauguration. Other projections suggest BTC may peak at $249,000 under the Trump administration. On a longer-term horizon, BTC could reach as high as $1.5 million according to Metcalfe’s Law. At press time, BTC trades at $102,758, up 1.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
As January draws to a close, the cryptocurrency market has experienced a significant downturn, with Bitcoin (BTC) and other digital assets suffering losses attributed to a broader sell-off in the technology sector. Bitcoin’s price fell 3% to $101,400, with earlier lows reaching $97,750. The CoinDesk 20 index, which tracks a weighted average of various cryptocurrencies, recorded a 7% decline, reflecting the overall market’s cooling after reaching record highs earlier this month. Nasdaq Drops Over 3% As DeepSeek’s AI Advances Raise Concerns The tech-heavy Nasdaq composite index also faced a downturn, dropping over 3%, influenced by concerns stemming from a Chinese startup, DeepSeek. The company recently announced the development of a competitive artificial intelligence model at a fraction of the cost of existing solutions, raising alarms about potential shifts in US dominance in artificial intelligence (AI) technology. Related Reading: Ready To Rocket? Dogecoin Chart Hints At Major Gains Ahead This news has sparked fears regarding Big Tech’s spending on artificial intelligence models and data centers, further exacerbating the sell-off in tech stocks in the United States market. In premarket trading, shares of major cryptocurrency exchanges like Coinbase and MicroStrategy fell about 2% each. Bitcoin mining companies took even larger hits; Core Scientific saw its shares plummet by 21%, while Terawulf and Iren (formerly Iris Energy) lost 16%. The correlation between the cryptocurrency market and the tech sector remains strong, as noted by Standard Chartered analyst Geoff Kendrick, who pointed out that Bitcoin is currently more closely aligned with movements in the Nasdaq than with traditional safe-haven assets like gold. Long Liquidations Hit Bitcoin Traders The market’s volatility was further driven by significant liquidations among traders who had bet against a downturn. Over the past 24 hours, more than $250 million in long liquidations occurred, forcing leveraged traders to sell their Bitcoin holdings to cover losses. This wave of selling coincided with a mixed market reaction to President Donald Trump’s recent executive order on cryptocurrency, which had generated anticipation in the lead-up to its release but failed to meet all investor expectations. Many traders expressed disappointment that the executive order did not establish a dedicated stockpile of Bitcoin, a term that implies a more passive approach to holding assets, rather than an active strategy of regular purchases. Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’ Kendrick emphasized that the current market dynamics position digital assets to be particularly vulnerable to sharp sell-offs, regardless of whether the driving force originates from within the crypto space or external markets like tech. With the uncertainty surrounding the executive order now resolved, the market has shifted its focus to the upcoming Federal Reserve meeting, set to conclude on Wednesday. Market strategist Joel Kruger of LMAX noted that investors are nervously anticipating the Fed’ stance, hoping for a more accommodative approach while fearing that the central bank may not adopt the dovish tone the markets desire. Despite the recent price declines, Kruger reassured investors that the overall trend in Bitcoin remains positive, stating, “When we look at the Bitcoin chart, there is nothing bearish about the price action.” Featured image from DALL-E, chart from TradingView.com
The Securities and Exchange Commission had previously only allowed cash redemptions when the spot bitcoin ETFs were approved last January.