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Bitcoin's Nvidia-Led Gains Prove Short-Lived, With Price Slumping Back to $88K
Yahoo Finance· 2025-11-20 16:52
Continuing with recent patterns, even the most modest of crypto gains were met with waves of selling on Thursday, sending bitcoin (BTC) back to $88,000 after a rally above $93,000 just hours earlier. The move higher had begun on Wednesday evening in the U.S. after Nvidia (NVDA) calmed jittery markets with an earnings beat and rosy outlook. In addition to boosting battered crypto, the NVDA results sent the Nasdaq higher by more than 2%. Stocks are also rapidly reversing their gains, with the Nasdaq now hi ...
Tapbit Marks 4th Anniversary with Continued Focus on Innovation and User Trust
Yahoo Finance· 2025-11-19 16:51
Denver, Colorado, USA, November 19th, 2025, Chainwire Tapbit, a leading global cryptocurrency exchange, proudly celebrates its fourth anniversary. Since its founding in 2021, Tapbit has upheld the core values of security, stability, and innovation, providing efficient and reliable digital asset trading services to users worldwide. Over the past four years, Tapbit has established itself as a prominent player in the crypto trading industry, gaining widespread recognition for its robust technology, market per ...
Singapore Exchange to launch bitcoin and ether perpetual futures
Reuters· 2025-11-17 09:23
The derivatives arm of Singapore Exchange (SGX) said on Monday that it would launch bitcoin and ether cryptocurrency perpetual futures trading on its platform. ...
Santander's digital lender Openbank launches crypto trading in Spain
Reuters· 2025-11-11 12:58
Core Viewpoint - Openbank, Santander's digital lender, has launched a cryptocurrency trading service in Spain, following the lead of rival BBVA [1] Company Summary - Openbank is expanding its service offerings by introducing cryptocurrency trading, indicating a strategic move to enhance its digital banking capabilities [1] - The launch of this service positions Openbank competitively within the growing digital finance sector, particularly in the cryptocurrency market [1] Industry Summary - The cryptocurrency trading service launch reflects a broader trend among banks in Spain to embrace digital assets, highlighting the increasing acceptance of cryptocurrencies in traditional banking [1] - The move by Openbank and BBVA signifies a shift in the banking industry towards integrating cryptocurrency services, potentially attracting a new customer base interested in digital currencies [1]
ICP Hovers Around $3.20 Resistance With 115% Volume Surge
Yahoo Finance· 2025-10-28 16:02
Internet Computer Protocol (ICP) advanced strongly Tuesday, jumping 1.6% to $3.22 as the token broke through the $3.20 resistance zone. Trading volume spiked to 1.26 million tokens, representing a 115% increase over the 24-hour average, according to CoinDesk Research's technical analysis data model. The rally began around 03:00 UTC, with ICP posting three consecutive higher lows through 12:00, setting up a momentum-driven move that carried prices to an intraday peak of $3.23 before consolidating slightly ...
HYPE Price Shoots 12% on $1B Accumulation News from Hyperliquid Strategies
Yahoo Finance· 2025-10-23 10:15
Core Insights - HYPE, the native cryptocurrency of Hyperliquid DEX, has experienced a 12% price increase, attributed to a $1 billion acquisition plan by Hyperliquid Strategies [1][2][4] - The trading volume for HYPE surged by 20% to $690 million, indicating strong market activity and bullish sentiment among investors [3] - Hyperliquid Strategies plans to raise up to $1 billion through an equity offering to strengthen its balance sheet and support HYPE token accumulation [6][7] Price Movement - HYPE is currently trading at $38.92, recovering from a support level of $35 and testing key weekly resistance [2] - The price rally follows a period of volatility due to token unlock news, but the recent treasury development has renewed optimism [4] Trading Activity - HYPE futures open interest has increased by 20% to $1.55 billion, reflecting bullish expectations for future price movements [3] - The price is showing potential for a bullish breakout from a descending channel pattern, with a target of reaching its all-time high of $60 [4] Company Developments - Hyperliquid is expanding its perpetual market through the Hyperliquid Improvement Proposal 3 (HIP-3), aimed at enhancing infrastructure and trading efficiency [5] - The company is undergoing a merger with Sonnet BioTherapeutics and Rorschach I LLC, with plans to list on Nasdaq under a new ticker symbol later this year [7][8]
BNB Price At $1,000 Support: Is The Binance Empire Cracking?
Yahoo Finance· 2025-10-21 15:22
BNB Price experienced a large drop during the massive sell-off event on 10 October 2025, by – 32% to be exact. In comparison, Ethereum lost 21% of its value, Solana – 23.5%, and Bitcoin dropped ~13%. All in spot. Depending on the CEX you look at, percentages might vary. One thing this indicates is the depth of liquidity and order execution quality. The percentage in futures or perps is larger since the wick dipped lower during the liquidations. BNB shows the largest sell pressure out all 4 major blockchain ...
DeepSeek outperforms AI rivals in 'real money, real market' crypto showdown
Yahoo Finance· 2025-10-21 09:30
Core Insights - A new cryptocurrency trading experiment called Alpha Arena has been launched, where leading AI models are evaluated for their investing abilities, with DeepSeek currently outperforming its competitors [1][2] - The experiment involves six large language models (LLMs) investing in cryptocurrency perpetual contracts on the decentralized exchange Hyperliquid, each starting with US$10,000 [1][2] Performance Summary - As of Tuesday, DeepSeek's V3.1 has achieved a profit of 10.11%, while OpenAI's GPT-5 has recorded losses of 39.73%, making it the worst performer [2] - Other participating models include Alibaba Cloud's Qwen 3 Max, Anthropic's Claude 4.5 Sonnet, Google DeepMind's Gemini 2.5 Pro, and xAI's Grok 4, with Grok also being a top performer [2][6] Experiment Objectives and Methodology - The primary goal of Alpha Arena is to create benchmarks that reflect real-world market dynamics, which are inherently unpredictable and adversarial [3] - The models aim to maximize risk-adjusted returns, executing trades autonomously based on shared prompts and input data, with results tracked on a public leaderboard [4] Market Engagement - DeepSeek is currently leading in prediction markets, with a 41% likelihood of topping the benchmark, and betting volume has reached US$29,707 [7] - The public can monitor trades through each model's Hyperliquid wallet address, and the reasoning behind trades is also displayed, showcasing the models' decision-making processes [4]
Crypto Market Crashes Again, Over $1 Billion Liquidated
Yahoo Finance· 2025-10-17 09:29
Core Insights - Retail traders are maintaining aggressive long positions in major cryptocurrencies despite a recent market downturn, with long ratios for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and HYPE ranging from 68% to 79% [3] - A significant negative correlation has been observed between long ratios and prices, indicating that as long positions increase, prices tend to decline, which may lead to potential losses for retail traders [4] - Recent data shows over $1.1 billion in positions were liquidated, with $873 million attributed to long trades, suggesting a rapid decline in retail optimism [5][8] Market Dynamics - The Long/Short Account Ratios on Binance are reported as 2.1 for BTC, 2.6 for ETH, 3.7 for SOL, and 2.0 for HYPE, indicating a higher number of long accounts compared to short ones [3] - The total crypto market capitalization has fallen below $3.6 trillion, which may lead to further liquidations and increased market volatility [8] Liquidation Trends - In the past 24 hours, 289,922 traders were liquidated, contributing to a total liquidation amount of $1.11 billion [8] - Excessive liquidations could drain retail traders' capital, making a V-shaped recovery unlikely and keeping the market volatile and range-bound at lower levels [9]
Strategy, Coinbase, Bitmine Surge In Pre-Market Trading: What's Driving Crypto Stocks Higher? - Coinbase Global (NASDAQ:COIN)
Benzinga· 2025-10-13 09:40
Group 1 - Cryptocurrency-linked equities experienced gains in pre-market trading, recovering from the recent "Black Friday" crash [1][4] - Major stocks such as Bitmine, MARA Holdings, Coinbase, and Bullish saw significant increases, with Bitmine rising by 6.73% and MARA Holdings by 3.81% [2][3] - The overall crypto market showed signs of recovery, with Bitcoin trading at $115,261.73, up 3.55%, and Ethereum at $4,174.39, up 9.32% [5] Group 2 - The rally in cryptocurrency stocks was influenced by easing trade tensions between the U.S. and China, following positive remarks from Trump [4] - Strategy Inc. exhibited a high growth score, indicating strong historical expansion in earnings and revenue compared to other cryptocurrency-linked stocks [6]