RT perry (@perry8888_)EV on $BTC mining is down 73% since the last halvingMiners are getting rekt as competition has increased while BTC prices have compressed. Without more onchain activity, margins will continue to shrink$WGMI Mining ETF down -16% YTD https://t.co/L9cEvFEYaQ ...

Core Viewpoint - The company reported a wider fourth-quarter loss due to a turbulent period for digital assets, leading to significant losses on its bitcoin holdings [1] Group 1 - The company is identified as the world's largest hoarder of bitcoin [1] - The losses recorded were attributed to the volatility in the digital asset market [1]

Strategy (MSTR) reported a net loss of $12.4 billion in the fourth quarter of 2025 as the price of bitcoin (BTC) tumbled from about $120,000 on October 1 to roughly $89,000 to close the year. Things have only gotten worse since, with the price of bitcoin falling hard in recent weeks and finally crashing on Thursday to the $64,000 level ahead of the Strategy results. Strategy shares closed the session down 17% in one of their worst performances in years. The stock's up modestly in after hours trade. Led ...

Core Insights - The Senate is experiencing gridlock on a long-delayed crypto market structure bill, which is causing uncertainty for U.S. crypto users [1][4] - There is a growing trend of Americans purchasing crypto through ETFs and traditional financial apps, indicating that lawmakers recognize the permanence of crypto in the market [2] - The debate centers around whether crypto tokens fall under the SEC or CFTC jurisdiction, with a desire for a unified regulatory framework [3] Group 1: Regulatory Challenges - Lawmakers are struggling to agree on how to regulate the crypto market, which has led to stalled discussions on the Crypto Clarity Act [3] - Unclear regulations are causing U.S. companies to hesitate in building crypto-related products, with some moving operations offshore [4] - The SEC's demand for detailed disclosures for crypto ETFs is creating additional hurdles for market participants [4] Group 2: Stablecoin Dynamics - The primary contention in the regulatory debate is around stablecoin rewards, which some banks argue could negatively impact their deposits [5] - If lawmakers impose strict regulations on stablecoin rewards, it could limit options for users, while lenient regulations may increase risks [6] Group 3: Market Outlook - Despite regulatory delays, development in the crypto space continues, with asset managers filing for new crypto funds and exchanges enhancing custody measures [7] - Clear regulations could enhance market confidence and reduce costs, prompting ongoing discussions among lawmakers [7] - Investors should anticipate continued uncertainty from Washington, with slow progress on regulatory frameworks [7]

Global markets sold off sharply this week, hitting cryptocurrencies, equities, and even traditional safe havens like gold and silver. The synchronized decline points to a broader liquidity shock rather than asset-specific weakness. Bitcoin led losses in risk assets, while gold and silver posted their steepest weekly drops in months. The unusual correlation signals forced de-risking across portfolios, not a shift in investor preference. Bitcoin, Gold, and Silver Price Charts Over the Past Week. Source: Tra ...

Shares in publicly traded Ethereum treasury firm BitMine Immersion Technologies (BMNR) have fallen 11% on Thursday to trade at a seven-month low price as unrealized losses from its ETH holdings purchases hit approximately $8 billion.  BMNR recently changed hands around $18.05, its lowest mark since its July ascent amid news the company was shifting its focus to accumulating ETH. At that time, trading of BMNR shares was halted multiple times due to volatility, ultimately ending the day with more than a 400% ...

Market Overview - Bitcoin (BTC) dropped below $70,000, losing approximately 8% in 24 hours, marking its steepest decline since early November 2024, trading at $69,398.37 [1] - The sell-off caused significant volatility in the crypto sector, negatively impacting major blockchain and fintech stocks as the U.S. market opened [1] Company Performance - Robinhood Markets (NASDAQ: HOOD) opened down 2.68% at $78.46, with investors awaiting its Q4 and full-year 2025 earnings report [2] - Coinbase (NASDAQ: COIN) fell 5% to $160.08 amid a new legal challenge from the Nevada Gaming Control Board regarding its prediction market platform [4] - Circle Internet Group (NASDAQ: CRCL), issuer of the USDC stablecoin, decreased by 4.66% to $52.54 [4] - Block (NYSE: XYZ), led by Jack Dorsey, was down 2.61% trading at $55.90 [5] - TeraWulf (NASDAQ: WULF) saw a decline of 5.63% to $13.10 after a previous day’s 11% increase [5] - Riot Platforms (NASDAQ: RIOT), a major Bitcoin mining company, dropped 5.94% to $13.30 [6] Analyst Insights - Truist Securities maintained a "Buy" rating for Robinhood with a price target of $155, while Piper Sandler highlighted near-term challenges such as declining crypto trading volumes and fading retail momentum [3]

Core Insights - The recent Bitcoin crash was not due to manipulation or panic but highlighted that Bitcoin has become what it aimed to disrupt, aligning more with traditional financial systems [1][30] - Institutional selling from American entities led to a significant negative Coinbase premium, indicating a lack of confidence among US institutions while global retail traders attempted to buy the dip [4][28] Market Dynamics - For 21 consecutive days leading up to the crash, Bitcoin traded at a discount on Coinbase compared to offshore exchanges, with the Coinbase premium reaching a negative $167.8, the worst in a year [3][4] - Hedge funds have exited their Bitcoin positions as the basis trade, which previously offered 17% risk-free returns, diminished to below 5% by early 2026, resulting in a one-third reduction in Bitcoin ETF exposure [2][8] Institutional Behavior - The persistent negative premium during the crash indicated aggressive selling from institutions, with no significant buying interest from institutional players [5][20] - Stablecoins like Tether and USD Coin saw a loss of nearly $14 billion from December to February, suggesting that investors were exiting the crypto ecosystem rather than reallocating within it [5][6] Structural Changes - Bitcoin's integration into institutional frameworks has led to it behaving like a traditional asset, with its price now closely correlated with technology stocks, reflecting a shift from its original decentralized vision [18][22] - The mechanisms of ETF creation and redemption have resulted in mechanical selling during outflows, further distancing Bitcoin from its foundational principles [16][23] Future Scenarios - Three potential paths for Bitcoin's future include a return of institutional capital through Federal Reserve interest rate cuts, a stagnant market with continued ETF outflows, or a prolonged range-bound price movement between $60,000 and $75,000 [24][25] - The current holder base lacks the ideological commitment seen in previous market cycles, with institutional investors acting based on performance metrics rather than long-term belief in Bitcoin [26][27]

Bitcoin erased all gains it made following the election of crypto-friendly US President Donald Trump, as jobs data sparked a selloff in all major asset classes. The leading cryptocurrency was recently trading at $67,582, according to CoinGecko, after plunging 8% on Thursday. Over the past week, the cryptocurrency has plummeted by more than 20%. Besides bearish jobs data, analysts are also turning a keen eye to one of the largest Bitcoin buyers in the market: Strategy. Laurens Fraussen, a research anal ...

BitMine Immersion Technologies (BMNR), the world's largest Ethereum-focused treasury company is now sitting on nearly $8 billion in paper losses after ether (ETH) fell below $2,000 on Thursday. The firm, helmed by well-followed Wall Street bull Thomas Lee, accumulated 4.29 million ETH at an estimated cost of $16.4 billion, according to data from DropStab. That stash is now worth just $8.4 billion at current prices. BMNR stock fell another 9% Thursday to its lowest point since the company pivoted to an E ...