Investor Michael Burry warned that U.S. financial markets and the broader economy are heading toward a collapse that may be impossible to contain. He also cautioned that bitcoin’s decline could trigger severe losses for companies holding large BTC positions.
The crypto market extended its sharp decline as Strategy added more bitcoin despite mounting losses, while forced liquidations accelerated across exchanges. Bitcoin’s drop below $70,000 triggered heavy unrealized losses and dragged crypto-linked stocks sharply lower.
Bitcoin has fallen more than $53,000 over the past 120 days, erasing over $1.1 trillion in market value and sliding deeper into a bear market. The decline stands in stark contrast to U.S. stock indices, which remain close to record highs.
The cryptocurrency market has entered a sharp downturn, with bitcoin falling below $75,000 and roughly $700 billion wiped out in two weeks. Selling pressure is spreading across commodities, equities, and digital assets, fueling fears of deeper losses.
Binance is considering reviving stock trading through tokenized equities, four years after shutting the product down in 2021. The move could give global users exposure to U.S. shares while operating outside direct U.S. regulatory oversight.
Global markets surged as bitcoin climbed above $96,000 for the first time since November, while silver and copper hit fresh records amid aggressive short covering and renewed investor risk appetite.
Blockchain network Polygon says it will invest $250 million in deals aimed at boosting stablecoin payment adoption and infrastructure, positioning itself as a key hub for crypto payment activity.
Nasdaq and CME Group have unveiled a joint crypto index aimed at bringing greater transparency and institutional-grade benchmarks to digital asset markets.
Early Bitcoin adopter Stefan Thomas has just two password attempts left to unlock a USB drive holding more than $600 million in bitcoin, after losing access more than a decade ago.
Bitcoin briefly fell below $90,000 amid more than $1 billion in liquidations, even as MicroStrategy and El Salvador ramped up purchases. Forecasts for long-term BTC gains remain sharply divided.
Bitcoin Depot, North America’s largest Bitcoin ATM operator, has launched its first Asian operations in Hong Kong – targeting a top-five position in the market and meeting rising cash-to-crypto demand.
Trump Media & Technology Group reported a third-quarter net loss of $54.8 million while holding 11,542 Bitcoin and expanding crypto assets, raising questions about its treasury strategy and operational model.
J.P. Morgan argues that Bitcoin is undervalued compared to Gold on a risk-adjusted basis and estimates a fair price of about $170,000 for the cryptocurrency within 6-12 months.
The Central Bank of Ireland imposed a €21.5-million penalty on Coinbase Europe after discovering that more than 30 million transactions were inadequately monitored from April 2021 to March 2023.
Crypto wallet maker Tangem has rolled out the Tangem Pay virtual Visa card, enabling users to spend USDC stablecoin from their hardware wallet at millions of merchants worldwide while undergoing standard KYC.