Bitcoin eased in early Asian trading on Wednesday as stocks opened higher on Wall Street momentum after data showed the US economy grew at its fastest pace in two years. The S&P 500 closed at a record on Tuesday after an upward revision to third-quarter GDP showed annualised growth of 4.3%, a report that also pushed bond yields higher and kept growth stocks in demand. In crypto, Bitfinex analysts said Bitcoin has bounced decisively from the low $80,000 support zone identified earlier. “However, the rec ...

Mac, tell us about Bitcoin. We're just showing it and there's red all over the board. >> Yes, there is, Scott.Bitcoin in the broader crypto market is under pressure today, breaking from the strength that we're seeing in tech equities. Bitcoin trading at that 88k level and altcoins like XRP are in the red. Spot Bitcoin ETFs are net negative on the week, a sign that institutional demand is cooling for now.Analysts, they say this looks like classic year-end tax laws selling as investors lock in write-offs. And ...

ETHZilla, a cryptocurrency accumulator backed by billionaire Peter Thiel, appears to be shifting focus as investors abandon what was briefly one of the stock market's hottest trades. Just four months after the former 180 Life Sciences Corp. rebranded itself as a digital asset treasury company centered on buying Ether - the second largest cryptocurrency after Bitcoin - it sold $74.5 million worth of the tokens to pay down debt, according to a filing Friday with the SEC. Bloomberg's David Pan reports on "Blo ...

Today, Bitcoin falls following the release of new economic data that came in well above expectations. The digital asset community reacts to key crypto ally Senator Cynthia Lumis announcing her retirement. And former CFTC acting chair Caroline Fam discusses what she hopes to achieve in her new roles at Moon.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Major cryptocurrencies in the red despite the release of new economic data that came in well above expectations.As of noon Eastern, Bitcoin slid to the $8 ...

Today, Bitcoin falls following the release of new economic data that came in well above expectations. The digital asset community reacts to key crypto ally Senator Cynthia Lumis announcing her retirement. And former CFTC acting chair Caroline Fam discusses what she hopes to achieve in her new roles at Moon.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Major cryptocurrencies in the red despite the release of new economic data that came in well above expectations.As of noon Eastern, Bitcoin slid to the $8 ...

>> LIVE FROM NEW YORK, I’M SCARLET FU. KATIE: WELCOME TO "BLOOMBERG CRYPTO," SHAPING THE WORLD OF DECENTRALIZED FINANCE. SCARLET: BITCOIN HAVING ITS WORST DAY IN ALMOST A WEEK WEIGHS CLOSE OUT 2025, A YEAR MARKED BY VOLATILITY.KATIE: THANKFULLY IT IS A HOLIDAY WEEK, AND WE HAVE SOME COAL IN OUR CRYPTO STOCKING. MATT COLE, ACTUALLY. HE WILL DISCUSS COMPANIES.SCARLET: WE KEEP GETTING HEADLINES EVERY DAY REGARDING PREDICTION MARKETS. THE LATEST FEATURING FANDUEL AND COIN BASE. KATIE: LET’S LOOK AT THE PRICE AC ...

SINCE THEN, IT HAS EASED A LITTLE BIT. KATIE. KATIE: AND AMID ALL THIS VOLATILITY, J. P. MORGAN IS CONSIDERING OFFERING CRYPTO TRADING TO ITS INSTITUTIONAL CLIENTS AS LARGE BANKS DEEPEN THEIR INVOLVEMENT IN THIS ASSET CLASS. FOR MORE, WE'RE JOINED BY THE REPORTER ON DIGITAL ASSETS AND PAYMENTS FOR BLOOMBERG. >> LIVE FROM NEW YORK, I'M SCARLET FU. KATIE: WELCOME TO "BLOOMBERG CRYPTO," SHAPING THE WORLD OF DECENTRALIZED FINANCE. SCARLET: BITCOIN HAVING ITS WORST DAY IN ALMOST A WEEK WEIGHS CLOSE OUT 2025, A Y ...

Michael Selig was sworn in Sunday as the 16th chairman of the Commodity Futures Trading Commission, taking control of the derivatives regulator as acting chair Caroline Pham departed after nearly four years at the agency. Pham’s exit concludes a tenure marked by aggressive pro-crypto initiatives and regulatory modernization efforts that reshaped the CFTC’s approach to digital asset oversight. Selig, confirmed by the Senate on December 18, arrives at the CFTC after serving as chief counsel of the Securit ...

Gold has surged over 2% to a record high of $4,475 per ounce on Monday, leading a precious metals rally that has left Bitcoin struggling to maintain momentum. While traditional safe havens and AI-related equities capture investor capital, Bitcoin briefly touched $90,000 before retreating to the $88,000 range, failing to keep pace with the market’s clear winners. Market Divergence: Precious Metals and AI Ascend The divergence reflects a capital rotation where the ‘digital gold’ narrative is being tested. ...

Plus, Mackenzie Sagalas is [music] watching the volatility in crypto. Jar Jabosa is here with what is driving the moves in Uber and Lyft. Mac [music] to you first and crypto.>> Scott, Bitcoin and altcoins like XRP and Salana are in the red. Ether slipping below that 3K mark and Bitcoin trading under 89,000. It's about 30% off its October all-time high.Spot bitcoin ETFs still aren't offering much support. Institutional flows remain soft. And even with the Fed now cutting rates, risk appetite is cautious in t ...