Tag: Markets

Bitcoin Erases March Gains as Q1 Losses Top 25% Amid Geopolitical Friction – Markets and Prices Bitcoin News

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Crypto and Wall Street Diverge From Global Indices After kicking off March with a bullish surge, bitcoin now appears destined for a round trip back to its opening levels. The top cryptocurrency tumbled below the $66,000 psychological floor Friday, hitting a multi-week low of $65,505. This price action suggests the “war hedge” resilience that characterized the early days of the U.S.-Israel-Iran conflict has finally buckled under the weight of prolonged uncertainty. The sell-off was not isolated to bitcoin. Bitcoin’s 4.5% intraday slide—which wiped nearly $10 billion off its market capitalization—acted…

Altcoins Tumble as Total Market Capitalization Falls Below $1 Trillion Mark – Markets and Prices Bitcoin News

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ETH and SOL Spearhead the Retreat The altcoin market endured a brutal session on Friday, March 27, as investors aggressively unwound positions in a frantic flight to liquidity. The safe haven narrative, which briefly flickered to life when the U.S., Israel and Iran began striking each other on Feb. 28, all but collapsed under the weight of a broader risk-off sentiment. According to market data, the intensified sell-off forced the total altcoin market capitalization to breach the psychological $1 trillion floor for the first time since early March. As of…

California Governor Bars Policymakers From Insider Betting on Prediction Markets – Bitcoin News

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California Bans Gubernatorial Appointees From Betting on Prediction Markets With Non-Public Information The order takes effect immediately. It extends California’s existing conflict-of-interest statutes directly to prediction markets, which allow users to wager real money on outcomes ranging from elections to military strikes to economic decisions. Appointees are prohibited from using confidential or non-public information obtained through their official duties to profit personally on these platforms. The ban also covers helping family members, spouses, business partners, or associates place profitable bets using such information. “Public service should not be a get-rich-quick…

Coinbase Users Push Back against Prediction Markets Notifications

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Update (March 27 at 8:32 pm in UTC): This article has been updated to include a statement from Coinbase CEO Brian Armstrong. Negative reactions to cryptocurrency exchange Coinbase using its notifications to push bets on event contracts amid the March Madness basketball tournament range from “annoying” to “absurd.” In January, Coinbase rolled out prediction market bets for US-based users as part of a partnership with Kalshi. However, for some users, the last two months have been seen as an opportunity for the exchange to get people “hooked on sports gambling”…

XRP Breaks Lower as Liquidations Deepen and Macro Risks Intensify Across Crypto Markets – Markets and Prices Bitcoin News

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XRP Downtrend Deepens as Key Support Faces Pressure At 9:11 a.m., XRP is trading at $1.33247, extending its recent decline as the price presses toward the lower end of its intraday range. The asset is down 3.07% over the past 24 hours, with the session high at $1.38237 and the low at $1.32559. Recent candles show a steady drift lower, with only brief attempts at stabilization failing to shift the broader short-term direction. From a 4-hour chart, XRP has formed a clear sequence of lower highs and lower lows following…

Bitcoin ETFs See $171 Million Outflow as Ether Extends Losing Streak – Markets and Prices Bitcoin News

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Crypto ETFs Slide Again: Bitcoin, Ether ETFs Deepen Losses While Solana Also Slips Confidence continues to erode across crypto ETFs. What began as a mild pullback has now turned into a more persistent wave of outflows, with little sign of immediate reversal. Bitcoin ETFs recorded a sharp $171.22 million in net outflows, marking another difficult session for the asset class. The selling was broad and consistent. Seven funds posted redemptions, highlighting the depth of the pullback. Blackrock’s IBIT led the decline with $41.92 million in outflows, followed by Bitwise’s BITB…

SBF Pardon Chances Continue Drop on Betting Markets

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The chances of former FTX CEO Sam Bankman-Fried getting a pardon didn’t seem great this year, and a recent downtick on prediction markets shows that they aren’t getting any better.  Both major prediction markets in the United States, Polymarket and Kalshi, have the likelihood of Bankman-Fried receiving a presidential pardon this year at 11% and 9%, respectively.  Chances of a pardon have decreased 1% on Kalshi and 2% on Polymarket after a CNN interview on March 21 with Bankman-Fried’s parents, Joseph Bankman and Barbara Fried. In the interview, both explained…

Bitcoin Drops Below $67,000 as Geopolitical Tensions and $14B Options Expiry Weigh on Markets – Markets and Prices Bitcoin News

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Options Expiry Bitcoin (BTC) fractured a key psychological floor Friday, plunging below the $67,000 mark for the first time since March 9. The retreat comes as market patience wears thin over the White House’s erratic maneuvers in the Middle East and traders brace for a massive quarterly derivatives settlement. President Donald Trump’s latest ten-day reprieve on potential strikes against Iranian energy infrastructure failed to ignite the peace rally some investors had anticipated. Market data shows the top cryptocurrency plummeted to a session low of $66,201 at approximately 7 a.m. EST.…

Enlivex Announces $21M Debt Financing and Prediction Markets Treasury Expansion – News Bytes Bitcoin News

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Enlivex Ltd. announced the completion of a $21 million debt financing (DF) agreement with The Lind Partners in Nes-Ziona, Israel. The transaction, which closed on March 23, includes notes convertible into ordinary shares at a 264% premium to recent Nasdaq closing prices. The company exercised an option to acquire over 3 billion RAIN tokens at a 62% discount and extended its option to purchase additional tokens through December 31, 2027. This strategy reinforces their treasury built on the Rain decentralized prediction markets protocol, alongside a new $20 million share repurchase…

VIX Jumps to 27 as $1 Trillion Leaves US Stock Markets on Iran Oil Shock – Markets and Prices Bitcoin News

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Wall Street Loses $1 Trillion in Single Session The Dow Jones Industrial Average fell 1.01% to close at 45,960.11. The S&P 500 dropped 1.74% to 6,477.16. The Nasdaq Composite led the decline, shedding 2.38% to close at 21,408.08. All three indices reversed gains posted Wednesday, when the Dow gained 0.66%, the S&P 500 rose 0.54%, and the Nasdaq added 0.77%. The CBOE Volatility Index, widely tracked as Wall Street’s fear gauge, climbed to 27.44 — a level that signals traders are pricing in further turbulence. VIX on Thursday, March 26,…