BlackRock’s head of digital assets warned that heavy leverage and speculation on crypto derivatives exchanges are amplifying volatility and threatening bitcoin’s reputation as a reliable hedge. The comment raises questions about market structure and institutional demand.
Strategy CEO Phong Le announced an expansion of the Stretch perpetual preferred stock product as the company’s common shares have fallen 73% since November amid Bitcoin volatility. The move aims to raise alternative capital while markets swing.
Strike has lengthened the margin call recovery window and adjusted loan-to-value limits for its bitcoin-backed loans. The moves are intended to give borrowers more time to restore collateral as crypto markets remain volatile.
Bitcoin jumped above $70,000 after an about 11% intraday gain, while Ether climbed past $2,000, snapping a six-month losing streak. The rally follows an earlier test of support near $60,000 and higher trading volumes across major exchanges.
Ethereum slid nearly 29% over the past week to trade under $2,000 — its weakest level in nine months — though short-term rebound signals have begun to show. Market participants are watching to see if the bounce holds.
XRP plunged about 25% in one day as roughly $1 trillion in crypto market value evaporated overnight. The rout coincided with a rotation of capital into AI-related crypto bets, leaving several altcoins especially exposed.
Solana fell about 15% on Friday to a two-year low after a major whale was fully liquidated on a long, realizing roughly $16 million in losses. The move puts the $70 area into focus as a crucial support level for bulls.
BitMine’s 4.2 million ETH reserve has incurred multi-billion dollar paper losses as Ether trades near $2,000. The slump has heightened speculation about potential deleveraging and broader market impacts.
CNBC's Jim Cramer said on X that Bitcoin's recent sharp drop has pushed the cryptocurrency close to a 'code red' threshold, urging caution as volatility rises.
Crypto's steep slide paused after the U.S. House narrowly approved a funding bill, sending a relief rally as the measure goes to the president for signature.