Tag: Stock

Bitcoin slips despite tariff pause, stock market crash resumes

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Bitcoin and stocks fell after reality set in on Wall Street, with recession fears starting to drive the market narrative. Both stocks and crypto markets declined during the trading day, giving back much of the previous day’s rally. On Thursday, April 10, the S&P 500 traded at 5,233.61, losing 223.36 points, or 4.31%. At the same time, the Dow Jones was at 39,296.45, dropping 1,312.00 points, or 3.23% from the day prior. The Nasdaq declined 4.66%, or 790.22 points, trading at 16,333.49. The declines came after the third-biggest daily rally…

Crypto stocks see big gains alongside US stock market rebound

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Crypto stocks have surged as part of a broader recovery in the US stock market on April 9 following President Donald Trump’s 90-day pause on sweeping global tariffs. The Wednesday, April 9 trading day closed with Michael Saylor’s Strategy up 24.76% to $296.86, while crypto exchange Coinbase (COIN) closed up 17% to $177.09, according to Google Finance data. Crypto mining companies also saw gains, with MARA Holdings (MARA) up 17%, Cipher Platforms (CIFR) up 16.59%, and Riot Platforms (RIOT) rising 12.77%. Michael Saylor’s Strategy, formerly known as MicroStrategy, surged 24.76%…

Crypto plunges as Trump tariff ‘medicine’ brutalizes global stock markets

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Cryptocurrency prices tumbled as the US stock futures market opened sharply lower on April 6 as the Trump administration doubled down on its global tariff strategy. The Trump administration hit all countries with a 10% tariff starting April 5, with some slapped at higher rates, including China at 34%, the European Union at 20%, and Japan at 24%. Bitcoin (BTC) dropped over 6% in the last 24 hours and was trading around $77,883. Meanwhile, Ether (ETH) shed over 12% in the same time frame and was trading at $1,575, according…

Bitcoin holds steady amid stock market crash, says Unchained analyst

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As the stock market declines due to U.S. tariffs on most of its trading partners, Bitcoin has shown some resilience. An expert at Unchained explains why. US stocks have seen some of the worst performance in years. However, Bitcoin (BTC) showed relative resilience, which is great news for institutional investment, explains Joe Burnett, Director of Market Research at the crypto financial firm Unchained. Trump’s tariffs are here, U.S. equities are crashing, and China is retaliating. Now may be one of the best times to build a meaningful bitcoin position. Not…

Here’s why Bitcoin, altcoins, and the stock market continued falling on Friday

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Bitcoin, altcoins, and the stock market continued their downward trend on Friday as the trade war between the U.S. and China escalated. Bitcoin (BTC) price dropped to $82,000, erasing some of the gains made during the Asian and European markets. Ethereum (ETH) dropped below $1,800, while the market cap of all coins fell to $2.64 trillion. The stock market’s performance was even worse as futures tied to the Dow Jones, S&P 500, and Nasdaq 100 indices plunged by over 3%. This means that these blue-chip indices have all moved into…

GameStop’s $1.5B Bet on Bitcoin Pushes GME Stock Price

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Key Notes GameStop raised $1.5 billion to add the digital gold to its balance sheet. The notes carry no regular interest and don’t accrue value over time. GameStop’s notes mature on April 1, 2030, unless converted or redeemed earlier. According to a filing with the US Securities and Exchange Commission (SEC), GameStop completed its $1.5 billion fundraising on April 1 via a private offering, exempt from SEC registration. The proceeds were invested in 0.00% convertible senior notes due on April 1, 2030. The notes were offered at $1,000 each. This…

Goldman Sees Yen Rising to Low 140s as BTC Echoes Tech Stock Weakness

The Bitcoin-Japanese yen (BTC/JPY) pair faced a setback at key trendline resistance Wednesday, as Goldman Sachs (GS) cited the anti-risk yen as the leading hedge against rising U.S. tariff and recession risks. The BTC/JPY trading on the Japan-based bitFlyer fell 1% after failing to take out the trendline drawn off the record high reached on Jan. 20, data from charting platform TradingView show. BTC’s USD-denominated price faced similar losses. Meanwhile, Asian equity indices and the U.S. equity futures treaded water ahead of President Donald Trump’s sweeping new “Liberation Day” reciprocal tariffs on…

Metaplanet adds $67M in Bitcoin following 10-to-1 stock split

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Japan-based Metaplanet has expanded its Bitcoin holdings, purchasing 696 BTC for 10.152 billion yen ($67 million), the company announced in an April 1 post on X. The investment pushes Metaplanet’s total Bitcoin stash to 4,046 BTC, valued at over $341 million at the time of writing. Source: Metaplanet Stock split targets investor accessibility The acquisition comes shortly after Metaplanet issued 2 billion Japanese yen ($13.3 million) of bonds to buy more BTC, Cointelegraph reported on March 31. Source: Simon Gerovich The move also comes shortly after Metaplanet’s 10-to-1 reverse stock…

MARA announces $2b stock offering to expand Bitcoin holdings

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MARA Holdings Inc. plans to offer $2 billion worth of its stock to fund additional Bitcoin purchases. In a March 28 Form 8-K filing with the Securities and Exchange Commission, the Florida-based Bitcoin miner disclosed that it’s teaming up with several major investment firms to sell shares “from time to time” under a new at-the-market offering. The company said in an accompanying prospectus that proceeds will go toward general corporate purposes, but it made it clear that buying more Bitcoin is high on the list. According to the prospectus, MARA…

MARA Holdings plans huge $2B stock offering to buy more Bitcoin

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Bitcoin miner MARA Holdings Inc (MARA) is looking to sell up to $2 billion in stock to buy more Bitcoin as part of a plan that bears a resemblance to Michael Saylor’s Strategy. MARA Holdings, formerly Marathon Digital, said in a March 28 Form 8-K and prospectus filed with the Securities and Exchange Commission that it entered into an at-the-market agreement with investment giants, including Cantor Fitzgerald and Barclays, for them to sell up to $2 billion worth of its stock “from time to time.” “We currently intend to use…