Bitcoin options are showing that traders are betting that the largest cryptocurrency will remain mired in its current trading range in the wake of the fourth-quarter downturn that has cut more than $1 trillion in value from the digital asset market.
Eric Trump rang the Nasdaq bell in September to celebrate a more than $500 million windfall from American Bitcoin Corp.'s trading debut. Three months later, the shares have cratered 70%.
The S&P 500 has climbed more than 16% in 2025, while Bitcoin is down 3% -- the first time since 2014 that stocks have rallied while the token is down, according to data compiled by Bloomberg.
BlackRock Inc.'s iShares Bitcoin Trust recorded its longest streak of weekly withdrawals since debuting in January 2024, in a sign that institutional appetite for the world's largest cryptocurrency remains subdued even as prices stabilize.
The owner of Fordham Landing, a major housing development in the Bronx that's attracted state investment, has filed bankruptcy to halt a foreclosure sale.
Listed spot crypto products will be allowed to start trading on registered futures exchanges, the Commodity Futures Trading Commission said Thursday, as the Trump administration moves to further embrace the digital asset industry.