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XRP Long Liquidations Top $70 Million as Token Retraces 7%: Is the Bull Run Over?
Yahoo Finance· 2026-01-30 10:44
Ripple’s new corporate treasury platform is starting to reset expectations around XRP, even though the token is still trading far below its old peaks. Currently, XRP is trading 6.3% below at around $1.7 at the time of writing. Is XRP Entering a Gold-Style Breakout Phase With Room for a Sustained Rally? A chart shared by a crypto analyst adds more weight to the current sentiment. It shows XRP moving in a pattern that closely resembles gold’s recent breakout. Gold formed a clear staircase move, with mild ...
Myriad Moves: Bitcoin Is Falling—Will It Dump to $69K or Rebound to $100K?
Yahoo Finance· 2026-01-29 18:24
Another week of market chop and underwhelming crypto performances has crypto bears becoming a louder voice on Myriad.  Below, we’ll look at some of this week’s top prediction markets on the prediction market,  including those centered on the next stops for Bitcoin and Solana, and the rising approval rating for President Trump, which defies traditional polling.  (Disclaimer: Myriad Markets is a product of Decrypt’s parent company, Dastan.) Bitcoin’s next move: Pump to $100K or dump to $69K? Market Open: No ...
Coinbase Crumbles: Is The Downgrade Justified?
Forbes· 2026-01-29 16:10
Core Viewpoint - Coinbase Global (COIN) has experienced a significant downturn, with a 7-day loss of 13% and a market capitalization decrease of approximately $8.5 billion, now at $56 billion [2]. Group 1: Stock Performance - The stock has a year-to-date (YTD) return of -7.4%, contrasting with a 1.9% return for the S&P 500, indicating a need for re-evaluation of its valuation [3]. - The ongoing losing streak of COIN stock raises concerns among investors, especially when compared to the Trefis High Quality (HQ) Portfolio, which has consistently outperformed its benchmarks [10]. Group 2: Causes of Decline - The decline is attributed to negative analyst adjustments and reduced institutional demand, with predictions of significant year-over-year decreases in earnings and revenue [4]. - A market-wide sell-off in cryptocurrencies and legislative issues, including the CEO's resistance to a proposed bill on stablecoin rewards, have contributed to negative sentiment in the crypto sector [9]. Group 3: Market Context - Since mid-January, U.S. spot Bitcoin ETFs have seen over $1.7 billion in outflows, reflecting broader market challenges [4]. - There are currently 55 S&P constituents with three or more consecutive days of gains, while 80 constituents have faced three or more consecutive days of losses, indicating a mixed market environment [9]. Group 4: Valuation Perspective - Despite the downturn, COIN stock is viewed as fairly priced due to its strong operating performance and financial stability, suggesting that it may not be a cause for concern [6]. - Historical analysis is necessary to determine if previous declines have served as buying opportunities or traps for investors [8].
Crypto Market News Today, January 28: USD Index Dropping as We Wait For FOMC Results, Bitcoin to Follow Gold?
Yahoo Finance· 2026-01-28 09:53
Today, crypto markets are stuck in an awkward pause with so much fud-toned news. Bitcoin USD price is holding its breath, the gold chart keeps running, and each one of us is glued to the incoming FOMC news. With the dollar losing altitude, risk assets are recalibrating. Under the surface, Polymarket bettors are assigning nearly a 76% probability to a US government shutdown by January 31. And legislative momentum around the US Crypto Clarity Act has slowed, keeping institutions cautious. Now, is there even ...
Gold at Record High, Crypto Down $150B – What’s Going On?
Yahoo Finance· 2026-01-21 09:54
The crypto market shed $150 billion in capitalization as Bitcoin plunged below $88,000 amid a brutal leverage unwind, while gold surged past $4,800 per ounce for the first time in history. The sharp divergence came as President Donald Trump’s escalating tariff threats against European allies over Greenland triggered a broad flight from US risk assets, with geopolitical tensions reaching their highest point since the Liberation Day tariff announcements of April 2025. Bitcoin tumbled 9% in 48 hours to $87 ...
Bitcoin Slides as Crypto Markets Correct: Is the Golden Cross at Risk?
Yahoo Finance· 2026-01-19 19:25
Market Overview - Bitcoin's recent price surge above $97,000 has reversed, with current trading at $93,192, indicating a loss of optimism among traders [1] - The global cryptocurrency market cap is now at $3.15 trillion, reflecting a 2.38% decline from the previous day, with over $800 million in leveraged long positions liquidated in the last 24 hours [2] Cryptocurrency Performance - Among the top 100 cryptocurrencies, only three have shown gains above 1% in the last day: Midnight, Quant, and Monero, the latter experiencing renewed interest due to its privacy features [3] - Prediction market traders show cautious optimism, with 82% betting on Bitcoin's price moving towards $100,000, while 73% believe it will not reach a new all-time high before July [3][4] Technical Analysis - Bitcoin has been recovering since November lows near $80,000, briefly testing the $96,000 zone but has since retreated below the EMA50, which is around $93,000 [5] - The golden cross remains intact, but the narrowing gap between short-term and long-term moving averages raises concerns about the sustainability of the bullish signal [6] - The Average Directional Index (ADX) is at 32.7, indicating a strong trend is in place, with prices bouncing at clear upward support, suggesting a slow price increase despite recent volatility [7]
Bitcoin Falls as Stocks Rally, But Altcoins Show Surprising Strength
Yahoo Finance· 2026-01-13 14:28
Bitcoin failed to join this week’s risk-on rally, which pushed major stock indices higher, dropping 2.57% over the last seven days, while the Russell 2000 surged 4.6% and the Nasdaq and S&P 500 posted gains. Crypto market maker Wintermute noted that altcoins bucked this trend with selective rotation into XRP, SOL, and mid-cap tokens. Gold and Treasuries gained ground as the dollar softened, while Brent crude futures firmed on geopolitical supply concerns. However, crypto lagged dramatically, with BTC d ...
Robinhood Takes On Coinbase as Stock and Crypto Overlap
PYMNTS.com· 2026-01-12 16:43
Core Viewpoint - Robinhood and Coinbase are increasingly seen as rivals in the digital asset space, competing for the same customer base as they expand into overlapping markets [2][3]. Company Performance - Robinhood's shares increased by 186% during 2025, while Coinbase's shares decreased by 12% despite a favorable crypto environment [3]. - Robinhood generated approximately 20% of its revenue from crypto operations in Q3 2025 [4]. Market Expansion - Coinbase is entering the stock trading market, while Robinhood is expanding its cryptocurrency offerings and focusing on prediction markets [2]. - Robinhood's prediction markets have become its fastest-growing revenue source, generating $300 million in Q3 2025, with 2.3 billion event contracts traded in that quarter and 2.5 billion in October alone [6]. Industry Insights - The prediction market space is viewed as a potentially large asset class, with Robinhood's CEO expressing excitement about its growth potential [7]. - However, there are concerns regarding the participation and incentives in prediction markets, including issues of liquidity, ethical considerations, and consumer protection [8].
Bitcoin Will Hit All-Time High in 2026 if It Clears These Three Hurdles — Bitwise CIO
Yahoo Finance· 2026-01-09 10:22
What three things need to happen for Bitcoin to hit a new all-time high? Key Takeaways Bitcoin’s 2026 price hinges on three hurdles. Bitwise CIO Matt Hougan says Bitcoin could reach new all-time highs if crypto avoids another major liquidation event. Hougan previously said he was bullish on Solana. Bitcoin’s (BTC) price could reach a new all-time high in 2026 if it clears three key hurdles, according to Bitwise CIO Matt Hougan. The executive noted in a new blog post that easing market risks, pote ...
XRP Defies Bearish Breakdown Predictions as $1.77 Support Holds and Exchange Flow Reversal Sparks 30% Rally
Yahoo Finance· 2026-01-07 13:55
Yet when XRP hit $1.77 on December 30, the selling stopped as buyers showed up with conviction. This was the critical reason the breakdown failed—the XRP price bounced, consolidated, and then held, reversing its course rather than dropping further.The next logical target was $1.77-$1.80. If that failed, the path to $1.50 would open quickly. Exchange data reinforced the bearish case—daily deposits ranged between 35 million and 116 million XRP from mid to late December, peaking as price stalled near $1.88-$2. ...