Why a strong U.S. dollar might benefit crypto in the long term

Hello, welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch. I’ll walk you through the latest and greatest in the digital asset world this week. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should … Read more

Will bitcoin continue to outperform stocks for rest of the year?

Hello, welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch. I’ll walk you through the latest and greatest in the digital asset world this week. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should … Read more

Bitcoin miners’ revenue down 80% from peak. Can they survive this year?

Hello, welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch. I’ll walk you through the latest and greatest in the digital asset world this week. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should … Read more

Michael Saylor drops Microstrategy CEO role — Here’s what it means for bitcoin

A shakeup of MicroStrategy Inc.’s executive suite has crypto traders weighing the consequences for bitcoin as Michael Saylor drops his role as chief executive officer. MicroStrategy’s MSTR, +12.73% shares jumped almost 13% Wednesday, a day after the company said Michael Saylor would give up the CEO title and take on a new role as executive … Read more

Crypto has had a miserable month and it’s only the third day of August

It has been a rough month for the crypto sector, and it’s only the third day of August. From cross-chain bridge hacks draining hundreds of millions of dollars in customer funds to the Securities and Exchange Commission coming after crypto Ponzi schemes, this corner of the market can’t catch a break. The developments add to … Read more

Crypto market stands like Nasdaq in the early 2000s. Here’s why

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest in this bear market. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also … Read more

Bitcoin just had its worst month on record

Bitcoin just finished its worst month on record, losing more than 38% of its value in June, as of Thursday afternoon. Ether, the world’s second-biggest cryptocurrency by market capitalization, ended the same period down by about 47%. Though weakness in the digital assets sector is part of a broader flight from risk, confidence in the crypto market, in … Read more

Bitcoin price dropped below $17,800 as sell-off accelerates

Bitcoin plunged to about $17,749 and ether fell to about $897 at around 4:15 E.T. on Saturday afternoon, as the sell-off in the crypto market accelerates. The world’s two most popular cryptocurrencies are down more than 35% in the past week, as both breach symbolic price barriers. Bitcoin bounced back to around $18,500 and ether … Read more

Shorting crypto stocks has led to ‘substantial’ paper gains, but it’s getting harder to join in on the trend

The short selling of cryptocurrency-related stocks has yielded “substantial” mark-to-market profits this year, but those looking to get in on the action may have more trouble doing so going forward. Short sellers in a basket of 15 crypto stocks including Coinbase Global Inc. COIN, +8.07%, MicroStrategy Inc. MSTR, +9.92%, and crypto miners like Marathon Digital … Read more

Cramer dubs bitcoin collapse Crypto Monday, says many tech execs call it a con

Bitcoin offices in Istanbul, Turkey, on May 11, 2022. Umit Turhan Coskun/NurPhoto via Getty Images CNBC’s Jim Cramer called bitcoin’s collapse Crypto Monday, in what he fears is Day 1 of a reckoning in the digital currency market. In speaking off-air to tech executives during his trip to San Francisco last week, Cramer said he … Read more