Crypto & Alternative Assets

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

World Liberty issues the USD1 stablecoin, which has a market value of about US$5 billion.

Trump-linked World Liberty targets real estate as crypto slides

Real estate has been slower to move on-chain than other assets

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

The Chinese authorities reiterated Beijing’s long-standing stance that cryptocurrencies including Bitcoin, Ether and stablecoins have no legal status equivalent to fiat money.

China bars unapproved issuance of renminbi stablecoins abroad

Beijing’s move comes at a time of elevated volatility in crypto markets

Bitcoin's slide signals maturation instead of a structural decline, says Vincent Chok, CEO of fintech firm First Digital.
BT EXPLAINS

Bitcoin plunge: What Michael Saylor’s US$12 billion Strategy loss says about the cryptocurrency

BT unpacks the drivers behind the asset’s downturn and what it means for investors

Saylor has said the company faces no margin calls and has US$2.25 billion in cash, enough to cover interest and distributions for more than two years.

Michael Saylor’s crypto project pounded after US$12.4 billion loss

Strategy holds over 713,000 Bitcoin, valued at about US$46 billion

Despite a pro-crypto White House and surging institutional adoption, Bitcoin has plummeted about 40% since rocketing to a record in early October.

Bitcoin drops to lowest price since Trump’s election victory

Investor concerns have remained elevated amid economic headwinds, while stocks have struggled to rebound amid low risk appetite and persistent AI bubble fears

The company holds around 140 tonnes of gold, according to Ardoino, most of which are its own reserves, along with the bullion backing its own gold token.

Tether is shaking up the gold market with massive metal hoard

The company makes money from its dollar stablecoin that is the giant of the sector, with US$186 billion in circulation