Crypto Firm Exodus Drains 63% Of Its Bitcoin Reserves As Q1 Loss Doubled Year Over Year
Exodus Movement sold more than 1,000 Bitcoin in the first three months of 2026 to fund a push into financial...
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Exodus Movement sold more than 1,000 Bitcoin in the first three months of 2026 to fund a push into financial...
BTC is fighting a technical battle as it trades just below two closely watched long-term trend indicators: the 200-day Simple Moving Average and the 200-day Exponential Moving Average.
An initial group of clients can now trade bitcoin and ether on the Schwab Crypto platform.
Bitcoin and ether fell as escalating Middle East tensions lifted oil and the dollar, though BTC continued to hold above a key bull market level.
Arthur Hayes, the BitMEX co-founder who now runs Maelstrom, said bitcoin's return to its October high is a "foregone conclusion," and he is taking his fund to maximum risk, with HYPE, ZEC, and NEAR as his top altcoin picks.
Exodus sold $73.2M in crypto, causing cash, cash equivalents, and stablecoins to jump from $5.2M to $74.4M by the end of Q1 2026.
CleanSpark reported a net loss of $378.3 million for the quarter ending on March 31, a steep increase from the $138.8 million loss reported the same period last year.
Bitcoin was trading at $80,814 following the news, down 1.2% over the past 24 hours.
The online marketplace's board called the half-cash, half-stock offer "neither credible nor attractive" Tuesday.
Inflation rose to a three-year high in April, according to this morning's Consumer Price Index report.