Bitcoin

Wall Street turns to ‘haven-first’ strategies amid Iran attacks

All eyes will be on energy markets when trading fully re-opens on Monday

For Bitcoin, the weekend losses extend a months-long sell-off in crypto markets.

Bitcoin recovers above US$68,000 after death of Iranian leader

The cryptocurrency market regains roughly US$32 billion in value by Sunday morning

The crypto market as a whole is also under pressure, with the total market value down more than 20% from one year ago, according to CoinGecko.

Bitcoin approaches US$70,000 as risk appetite returns to crypto

The token is down nearly 50% from an all-time high of almost US$127,000 reached in early October

Bitcoin has fallen alongside – and at times faster than – the macro risks it was meant to hedge.

Hedge funds that piled into US Bitcoin funds are first to exit

A shift in price momentum is partly the reason. Bitcoin has fallen with, and at times faster than, the macro risks it was meant to hedge

Cryptocurrencies have remained fragile since a wave of liquidations in October eroded market confidence, with Bitcoin plunging 24% in the three months ended Dec 31.

Bitcoin trapped in fragile trading as hedge funds pivot to cash

The token is down about 50% from an all-time high of almost US$127,000 reached in early October

Bitcoin is down more than 45% from its October peak of just over US$126,000 and has repeatedly failed to sustain rebounds, a sign that speculative demand is thinning.

Bitcoin under pressure in Asia after Standard Chartered warning

The broader crypto market has shed nearly US$2 trillion in value over the same stretch

While the crypto-friendly administration has been seen as a boon for the industry, Bitcoin recently reached its longest monthly losing streak since 2018.

Crypto investor exodus weighs heavier on Bitcoin also-ran Ether

Both crypto tokens have seen billions in outflows from their ETFs since the early October crash

Bitcoin’s slump from a peak of US$126,000 in October last year comes despite the backdrop of a crypto-friendly White House and surging institutional adoption.

Bitcoin falls below US$70,000 after wild roller-coaster ride

The move was still relatively tame compared with last week’s wild swings