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Mega caps slide, seasonality, crypto losses: Market takeaways

US stocks (^DJI, ^GSPC, ^IXIC) closed Monday's session in the red, extending recent losses. Markets and Data Editor Jared Blikre joins Asking for a Trend with Josh Lipton to share takeaways from the trading day, including seasonality, crypto stocks falling, and mega-cap stocks leading the market's decline. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Naomi Buchanan.

Yahoo Finance Video 8 hours ago

^DJI

^GSPC

^IXIC
Mag 7 declines, crypto stocks fall, ServiceNow: Market Minute

On today's Market Minute, Brad Smith takes a closer look at the stories impacting investors. Markets are trading lower on Monday, with some of the "Magnificent Seven" names seeing the biggest losses, such as Meta Platforms (META), Nvidia (NVDA), and Alphabet (GOOG, GOOGL). Crypto-related stocks, such as Coinbase (COIN), Robinhood (HOOD), and Strategy (MSTR), are declining after bitcoin (BTC-USD) fell below $80,000. ServiceNow (NOW) announced an agreement to acquire Moveworks in a $2.85 billion deal. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. This post was written by Naomi Buchanan.

Yahoo Finance Video 13 hours ago

NOW

GOOG

META
Bitcoin Drops Below $80,000, Crypto Prices Slide

Bitcoin was supposed to boom under a crypto-friendly Trump administration, but prices have tumbled 25% since hitting an all-time high on Inauguration Day. Crypto stocks plunged too, with Coinbase Global and MicroStrategy both down more than 15% on Monday afternoon. MicroStrategy had unveiled plans earlier in the day to sell up to $21 billion of stock to buy more bitcoin.

The Wall Street Journal 10 hours ago

COIN

BTC-USD

MSTR
Bitcoin falls after hopes that purchases will boost Trump's strategic crypto reserve are dashed

Only bitcoin already held by the US government will be included in President Donald Trump's crypto strategic reserve.

Business Insider 13 hours ago

ETH-USD

BTC-USD

XRP-USD
Strategy to Sell as Much as $21 Billion in Preferred Stock

(Bloomberg) -- Michael Saylor is stepping up plans to tap capital markets to accelerate Strategy’s Bitcoin buying binge, saying the firm will issue up to $21 billion of preferred stock and use the proceeds to buy more of the cryptocurrency. Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Becau

Bloomberg 14 hours ago

BTC-USD

MSTR

STRK
MicroStrategy Unveils $21 Billion Stock-Sale Plan to Buy Bitcoin

MicroStrategy said on Monday that it plans to raise up to $21 billion to turbocharge its bitcoin accumulation bet. MicroStrategy, which holds nearly 500,000 bitcoins worth $40 billion, intends to sell a type of special stock called “perpetual strike preferred stock.” Michael Saylor, executive chairman of MicroStrategy, was among the two dozen executives who attended the first-of-its-kind White House crypto summit on Friday.

The Wall Street Journal 15 hours ago

MSTR

STRK

BTC-USD
Stock of the Day: Coinbase falls 10% on crypto summit disappointment, S&P 500 snub

Trump's hotly anticipated crypto summit failed to lift prices, and the company was also left out of the benchmark S&P 500.

Business Insider 16 hours ago

BTC-USD
XRP Price Tumbles. Why the Crypto Is Getting Hit So Hard.

Details of the White House's digital asset stockpile plan sparked a selloff in smaller cryptocurrencies.

Barrons.com 20 hours ago

BTC-USD

XRP-USD

ETH-USD
The hidden cryptocurrency investing risk no-one is talking about

Volatility is not the only risk in trading digital coins — even if you make money, you could be felled by tax.

Yahoo Finance UK yesterday

ETH-USD

^FTSE

COIN
Bitcoin down 4.57% at $82,127.01

(Reuters) - Bitcoin (BTC-USD), the world's largest cryptocurrency by market value, was down by around 5.47% at $81,555 at 2216 GMT on Sunday.

Reuters 22 hours ago

ETH-USD

BTC-USD
David Sacks says the US may have lost over $16 billion in early liquidation of bitcoins

Trump's executive order launching a Strategic Bitcoin Reserve marks a shift in US crypto policy, as David Sacks reveals a $16 billion bitcoin misstep.

Business Insider 2 days ago

ADA-USD

LINK-USD

XRP-USD
The Weekend: When Europe's do-or-die moment put a rocket under defence stocks

Key moments from the last seven days, plus a glimpse at the week ahead.

Yahoo Finance UK 2 days ago

BTC-USD

SLFPF

SLFPY
It's not just tariff anxiety. The market's whole bull case under Trump has been turned on its head.

While tariffs shock investors into risk-off mode, markets are also questioning other parts of Trump's agenda that were meant to be a boost to stocks.

Business Insider 2 days ago

BTC-USD
Coinbase CEO: Trump 'breathed life' into crypto industry

Coinbase CEO Brian Armstrong joined Yahoo Finance Senior Reporter Jennifer Schonberger at the first-ever White House crypto summit to discuss how the Trump administration is trying to support the crypto industry. "President Trump really breathed life back into this industry over the last few years. We really felt like we were being unlawfully attacked by the prior administration... The president has taken a leadership role here and decided to bring it back to the US, and it's already having positive results," Armstrong says. He highlights that Coinbase (COIN) is planning to hire a thousand people in response to regulatory clarity. On bitcoin's (BTC-USD) volatility, he states, “the goal is not necessarily to have bitcoin be zero volatility. We want the price to go up over time." Additionally, Armstrong stresses the critical need for bipartisan support to ensure the long-term success of the crypto industry, highlighting that such collaboration will help create a stable regulatory environment and foster further growth and innovation. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Josh Lynch

Yahoo Finance Video 3 days ago

BTC-USD

COIN
Trump Says He Hopes to See Stablecoin Legislation Before August Recess

President Trump said at Friday’s White House crypto summit that he hopes lawmakers send stablecoin legislation to his desk before Congress’s August recess. He expressed his support for lawmakers working on bills to “provide regulatory certainty for dollar-backed stablecoins and the digital-assets market.

The Wall Street Journal 3 days ago

BTC-USD
Trump speaks at White House crypto summit: Key moments

US President Trump spoke at the White House's first-ever crypto summit on Friday, where he was surrounded by leaders in the crypto industry and key cabinet members. The day before, Trump signed an executive order to establish a strategic bitcoin (BTC-USD) reserve. At the event, White House AI and crypto czar David Sacks went on to characterize the digital asset space as one "subjected to prosecution and persecution." Watch the video above to hear President Trump outline his administration's plans for a strategic bitcoin reserve.  For more expert insight and the latest market action, click here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 3 days ago

BTC-USD
U.S. Authorities Take Down Russian Crypto Exchange

U.S. and European authorities shut down Garantex, a Russian cryptocurrency exchange that they said had processed almost $100 billion in transactions, a significant portion of which was for criminal and terrorist groups. Garantex had become a vital conduit for Russians to move money into and out of the country, despite Western efforts to cut off Russia’s financial system. The U.S. Treasury Department sanctioned Garantex in 2022, but its business continued to thrive, The Wall Street Journal previously reported.

The Wall Street Journal 3 days ago

BTC-USD
Can someone who isn't a huge bitcoin booster explain why the US has a bitcoin reserve?

Donald Trump officially opened the US strategic bitcoin reserve. There's a big question no one can seem to answer: What is that and why do we need it?

Business Insider 3 days ago

BTC-USD
Crypto Executives Descend on D.C. for White House Summit

About two dozen crypto executives are descending on Washington D.C. today to attend the first-ever White House crypto summit. President Trump will host high-profile industry players, including Coinbase Chief Executive Brian Armstrong, MicroStrategy CEO Michael Saylor and Ripple's Brad Garlinghouse. Trump's artificial intelligence and crypto czar David Sacks and executive director of the Presidential Council of Advisers for Digital Assets, Bo Hines, will also be in attendance.

The Wall Street Journal 3 days ago

BTC-USD
Trump establishes strategic bitcoin reserve, meets with crypto execs at White House

President Trump met with crypto executives at the White House for its first-ever crypto summit on Friday. It came after Trump signed an executive order to establish a strategic bitcoin reserve for the US on Thursday evening. Yahoo Finance senior reporter Jennifer Schonberger reports on what happened at the crypto event and details of the reserve. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 3 days ago

BTC-USD

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