Bitcoin (BTC) rallied toward $66,000 after Tuesday’s gains in the US stock market, as cryptocurrencies sought to halt their 2026 slump. Key takeaways: Bitcoin rallied above $66,000 on Wednesday, recovering alongside US stocks. Bitcoin Coinbase Premium Index flipped positive amid $258 million in ETF inflows. While BTC’s correlation with stocks and gold is at…
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A senior US lawmaker launched a congressional inquiry into crypto exchange Binance following reports that the platform processed about $1.7 billion in transactions tied to sanctioned Iranian entities and Russia’s oil “shadow fleet.” On Tuesday, Senator Richard Blumenthal, ranking member of the Senate Permanent Subcommittee on Investigations, sent a letter to Binance CEO Richard Teng…
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Bitcoin (BTC) sought to reclaim $65,000 as support into Wednesday’s Wall Street open as rumors swirled around US institutional pressure. Key points: Bitcoin bounces 2.5% as talk turns to alleged selling pressure from Wall Street trading company Jane Street. Jane Street rebuts claims of crypto market manipulation during the 2022 bear market. “Razor thin” order…
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Crypto bank Anchorage Digital said it holds Strategy’s perpetual preferred security STRC on its balance sheet, adding an institutional backer to Michael Saylor’s Bitcoin treasury company at a time when Wall Street traders are increasingly betting against it. In a Wednesday post on X, Anchorage co-founder and CEO Nathan McCauley said the purchase shows alignment…
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Flows into US spot Bitcoin exchange-traded funds turned positive Tuesday as the price of Bitcoin made a modest recovery to $65,000, snapping a run of daily redemptions. Spot Bitcoin (BTC) ETFs recorded $257.7 million in inflows, marking the largest daily total since early February, according to SoSoValue data. The gains more than offset Monday’s outflows…
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Bitcoin’s adoption by institutions, banks, merchants, public companies, and nation-states has boomed in 2025, despite the recent price drawdown, says the financial services company River. “There is no bear market in Bitcoin adoption,” River said in a report published on Tuesday, which noted that while Bitcoin (BTC) is down 50% from its all-time high, “adoption…
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Bitcoin’s (BTC) bleed slowed on Tuesday as US markets recovered from Monday’s AI and software-stocks-driven selloff. At the US market closing bell, the DOW locked in a 370-point gain, while the S&P 500 held on to a 0.77% rally. The swift recovery of US equities markets appears to have played a role in lifting negative…
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The European Securities and Markets Authority (ESMA), the financial markets regulator and supervisor in the European Union, issued a notice to remind entities to assess investment vehicles providing leverage exposure to cryptocurrencies. In a Tuesday notice, ESMA said that derivatives products, including those marketed as “perpetual futures or perpetual contracts” tied to cryptocurrencies like Bitcoin…
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Onchain data tracking Bitcoin’s (BTC) investor profitability has dropped back toward the long-term average, indicating a possible valuation reset. At the same time, crypto exchange order flow shows an easing of aggressive selling pressure, with the spot cumulative volume delta (CVD) rising marginally even as the spot trading volume dropped to $6 billion from $7.6…
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Binance CEO Richard Teng took to social media on Tuesday to attack what he called “inaccurate reporting” by the Wall Street Journal regarding investigators at the crypto exchange uncovering $1.7 billion in digital assets moving to Iranian entities. In a Tuesday X post, Teng said the report, published on Monday, contained “defamatory claims,” including a…
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