Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$107,758.00
-1.01%$2,746.41
4.03%$2.29
-0.90%$683.68
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0.00%$0.225601
0.61%$0.755358
0.37%$0.274522
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4.29%$107,698.00
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4.38%$33.75
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1.30%$0.285431
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0.80%$423.61
2.09%$9.04
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10.22%$0.18723
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3.49%$97.28
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1.51%$52.82
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3.71%$1.29
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3.96%$1.002
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4.83%$1.061
11.72%$223.48
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3.75%$685.51
0.26%$3.09
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-1.02%$2.76
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0.01%$0.979118
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0.00%$191.76
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1.89%$2,879.42
4.02%$1.00
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7.69%$0.812072
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3.11%$0.556055
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2.45%$107,081.00
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3.48%$0.068201
1.82%$0.114916
0.61%$0.999942
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0.01%$0.409004
1.88%$1.90
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3.30%$2.15
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3.39%$2,920.83
3.75%$2.21
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12.46%$0.00519095
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1.12%$0.710529
5.12%$0.428068
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0.00%$0.089447
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18.16%$0.061797
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0.40%$33.47
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4.60%$0.00000043
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0.69%$1.088
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4.55%$1.49
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2.41%$0.998758
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0.22%$0.01949936
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2.65%$0.00529542
-0.50%$108,488.00
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3.53%$0.857533
1.22%$33.47
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-1.88%$0.232623
1.64%$0.00389101
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3.69%$0.00006315
0.18%$2.86
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1.13%$0.578826
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2.39%$2,745.18
4.13%$0.00000162
1.62%$2,952.08
3.19%$0.347077
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3.95%$19.84
0.11%$23.81
0.81%$187.09
-1.21%$0.999366
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0.20%$0.684506
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2.48%$1.00
0.03%$0.250083
-0.43%$2.74
1.37%$24.03
0.18%$3.22
-3.14%$28.95
1.21%$0.676502
-1.21%$0.00280469
3.35%$192.49
-1.11%Reading
Bitcoin on Monday slumped by 5.2%, erasing gains it had made in April when it rocketed above $30,000.
The biggest cryptocurrency by market cap was trading hands for $28,275 as of 1.30 p.m. ET, according to CoinGecko.
That means the asset is also down 8.7% from the April high of $30,979 it hit just two weeks ago. Bitcoin had been on a roll: it surged past $30,000 for the first time in 10 months on April 10. It has now erased those gains.
But, overall, the coin is still doing well this year—it's up over 70% from the start of January, when it was priced at $16,615.
So if you bought in at the start of 2023, you're in great shape. If you bought anywhere near November 2021, not so much. Bitcoin, which has a market cap of $549 billion, is still down 58.8% from its all-time high of $69,044.
The rest of the biggest 20 coins and tokens were also in the red at the time of writing. Ethereum, the second biggest digital asset, was down nearly 5%, trading for $1,835.
While Solana, the 11th largest cryptocurrency, took the biggest 24-hour hit and dropped 6.8% to $21.92.
Bitcoiners are eying up crypto held by the feds. On Wednesday, the price of Bitcoin took a sharp nosedive—plunging 7% in an hour. It took most of the crypto market with it, too. The dip came shortly before erroneous reports claimed blockchain analytics firm Arkham had said wallets linked to defunct crypto exchange Mt. Gox and the U.S. government had moved large amounts of Bitcoin. It turned out to be a false alarm as a result of the DB Newswire account on Twitter mislabelling wallets on Arkham's...
The crypto market, led by Bitcoin, has been doing well this year as investors continue to eye-up "risk-on" assets; Federal Reserve Chairman Jerome Powell was expected to slow the rate of interest rate hikes following a banking crisis in the U.S., which makes volatile investments fair game again in the eyes of traders with at least a moderate appetite for risk.
Experts have also claimed that with a recession apparently around the corner, investors have been flocking to "safe bets" like Bitcoin and gold.
This narrative has been strengthened with the collapse of a number of banks in the United States. In March, regulators shut down Signature Bank, and tech-friendly Silicon Valley Bank went bust the same week.
Just today, regulators seized First Republic Bank; JPMorgan Chase agreed to buy most of its assets.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Eric Trump and Donald Trump Jr. bashed the traditional finance system and championed the U.S.' pro-crypto pivot and their own digital asset endeavors on Wednesday at the Bitcoin 2025 conference in Las Vegas—underscoring the Trumps' growing enmeshment with the cryptocurrency community, despite critics' concerns over conflicts of interest posed by the First Family's embrace of the industry. The two eldest sons of U.S. President Donald Trump touted the U.S.' foray into Bitcoin and other cryptocurr...
Online trading platform eToro announced on Wednesday that it has added 12 cryptocurrencies to its U.S. platform, expanding its digital asset offerings in the country after sharply scaling back its presence last year due to regulatory constraints. The new tokens available to U.S. users include Cardano, Dogecoin, XRP, and Shiba Inu, among others, bringing the total number of listed assets from three to 15. These tokens join Bitcoin, Ethereum, and Bitcoin Cash, the only crypto assets the firm offe...
Video game retailer turned meme stock GameStop has announced that it has purchased Bitcoin, currently worth approximately $512 million. The firm tweeted that it had purchased 4,710 BTC, after having completed a $1.5 billion offering of convertible senior notes to investors in early April. GameStop has purchased 4,710 Bitcoin. pic.twitter.com/gGdr0BRrAv — GameStop (@gamestop) May 28, 2025 At the time, GameStop stated that it planned to use the proceeds to establish a corporate Bitcoin treasury;...