Bitcoin news

Strategy's sale of $2.5 million bitcoin, which helped precipitate this week's dive for the cryptocurrency, appears certain to hike its annual financing costs by $26 million. After sinking in heavy volume to start the month, Strategy's Stretch variable rate preferred stock with the STRC ticker has an impossibly steep mountain to climb to avoid a ratcheting up of its dividend rate by at least 25 basis points to 11.75% on all $10.5 billion of the outstanding securities. Friday's even deeper selloff has put a potential 50-basis-point hike key Strategy's borrowing rate to 13% in play.

(Bloomberg) -- Bitcoin fell below $60,000 for the first time since October 2024, extending its reversal from market darling after the reelection of US President Donald Trump to a casualty of a rapidly changing speculative landscape.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PWhat to Expect From Apple’s AI, Siri and iOS 27 Launch at WWDC

Investors sold stocks, bonds, bitcoin and gold Friday after strong jobs data raised odds for Federal Reserve interest rate hikes, and Wall Street wrestled with weakness in AI stocks.

The tax exemption will apply retrospectively from 1 April 2026, the ministry of finance said in a statement.

July arabica coffee (KCN26 ) on Friday closed down -0.65 (-0.26%), and July ICE robusta coffee (RMN26 ) closed down -36 (-1.07%). Coffee prices settled lower on Friday, with arabica posting a 19-month nearest-futures low and robusta posting a 7-week low. Weakness in the Brazilian real (^USDBRL ) weighed on...

On Bloomberg Tech, live from San Francisco today, a venture capital investor laid out a striking thesis about what’s actually happening inside the cryptocurrency markets. Retail investors now make up 70% of crypto markets, down from 90%, while institutional participation has climbed from 10% of the digital asset economy to between 20-30%. The shift is ... Bad News for XRP and Bitcoin Investors. Retail Investors are Fleeing Crypto.

Scott Melker explains how Shielded Labs discovered a bug in Zcash (ZEC-USD) that would enable a crypto trader to infinitely counterfeit the cryptocurrency. Zcash has fallen by as much as 57% in response to these headlines."The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Scott Melker discusses his skepticism surrounding SpaceX's (SPAX.PVT) upcoming June 12 IPO and weighs in on the new pathways being created to give retail investors access to the offering."The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Scott Melker discusses bitcoin's worst week since 2024, SpaceX IPO happening June 12, stablecoins, and other big crypto headlines."The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Bitcoin falls below $60,000 on Binance and Coinbase for the first time since October 2024 as risk-off sentiment pressures crypto markets.

This week on REKT Vision, Bijan Maleki welcomes back Rekt co-founder OSF to dissect the biggest narratives and themes currently driving cryptocurrencies, macro, and AI, including Bitcoin's collapse in price, ZCash's critical bug, Hyperliquid's sell-off, and much more.

Mastercard (MA) CEO Michael Miebach sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss stablecoins, artificial intelligence (AI), and the future of payments.

Shares of Bitmine Immersion Technologies (NYSE:BMNR) are down 5% to $16.91 in early Friday trading, while Strategy (NASDAQ:MSTR) is off 4% to $124.38. The slide tracks a fresh leg lower in crypto. Ethereum (CRYPTO:ETH) is down 7% over the past 24 hours to $1,665, dragging BMNR stock with it as the largest corporate ETH holder. ... BitMine Slides 5%, Strategy Falls 4% as Crypto Crash Deepens on Ethereum’s 7% Plunge

Investing.com -- Baird designated Coinbase Global a Bearish Fresh Pick, warning that weak trading volumes are likely to drive a second-quarter revenue miss and that the stock's elevated valuation leaves it vulnerable to a significant derating.

Scott Melker chats with Gary Cardone about how altcoins like ethereum (ETH-USD) and solana (SOL-USD) could impact bitcoin (BTC-USD) prices."The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

In crypto news today (June 4), the market continues to bleed as June maintains its bearish trend. Bitcoin crashed below $62,000 overnight, falling by -4.8% over the past 24 hours. The crash has caused more than $1.63Bn in daily liquidations, with over $1.38Bn of that figure being long trades. This ...

A potentially softer labor market report, renewed AI debate, and geopolitical uncertainty weighed on risk sentiment.

While U.S. stocks have kept notching record highs, bitcoin is sliding to its weakest level in months.

We jump on to talk more data centers! Including the SpaceX IPO, which is (guess what?) a data center company in disguise.

Following its business combination with Cathedra Bitcoin, Sphere 3D is chasing down AI ambitions.