NewsNewsDetails
Bitcoin fell more than 4%, and related stocks also declined.
Yahoo
05-18 11:02
Ai Focus
Bitcoin prices fell, crypto ETFs continued to see outflows, and related stocks such as Coinbase and Strategy also declined.
Helpful
No.Help

Bitcoin extended its losses on Friday, falling more than 4% intraday to last traded at $65,699, after hitting a more than two-week low. Continued outflows from cryptocurrency ETFs weighed on market sentiment.

Related stocks also fell. Strategy dropped nearly 6%, and Coinbase fell more than 7%. Market analysts say that Bitcoin has recently been fluctuating mainly in the range of $60,000 to $75,000, significantly lower than the high of approximately $126,000 last October.

Capital outflows suppress market prices

The continued outflow of funds from cryptocurrency ETFs is one of the key factors contributing to this recent decline. With funds leaving the market, the spot market is under pressure, and short-term buying interest has clearly weakened.

Options amplify volatility at expiration

Reports indicate that approximately $14 billion worth of Bitcoin options expired on Friday, coinciding with the quarterly rollover. The uncertain future of the Middle East conflict has further dampened market risk appetite.

Tip
$0
Like
0
Save
0
Views 122
HKWDB reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”，and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
Pacira BioSciences rises by 44.03%
Pacira BioSciences ( PCRX ) rose 44.03% during trading on Thursday. The article stated that its daily, hourly, and 15-minute technical indicators were all in overbought zones, but the overall trend remained bullish. Previously, there were also media reports indicating that the company had reached a European distribution partnership with Molteni Farmaceutici.
The Cryptonomist
·2026-10-09 06:11:29
3
GoDaddy to Release Q3 2026 Financial Reports on October 29
GoDaddy indicates that financial results for the third quarter will be announced after the close of U.S. markets on October 29, 2026, and a live web conference will be held at 5 p.m. Eastern Time. The recording of the conference will subsequently be available on its investor relations website.
PR Newswire
·2026-10-09 06:11:26
6
ERMProtect Launches AI Security Gap Analysis to Test Control Measures in Response to Emerging Threats
ERMProtect announces the launch of AI Security Gap Analysis, a tool that can map over 100 control measures to recognized frameworks, helping enterprises determine whether their AI security controls are appropriately scope-defined, correctly implemented, and in line with the latest threats. The company states that this service will produce a prioritized roadmap for improvements, which can be re-evaluated after repairs are made.
PR Newswire
·2026-10-09 06:02:05
8
Veeva Summit will showcase industry leaders who innovate and drive research and development as well as quality transformation with AI.
Veeva Systems will host a R&D and Quality Summit in Boston from October 20th to 21st, showcasing AI solutions, automation, and cloud innovations for the biopharmaceutical industry. Institutions such as Eli Lilly, Pfizer, Sanofi, and UCB have been invited to share their practices in drug development, clinical trials, quality control, and manufacturing.
PR Newswire
·2026-10-09 06:02:04
8
Shoulder Innovations Launches InSet Go Commercial Release
Shoulder Innovations announces the launch of a limited user release for InSet Go, a next-generation glenoid implant that has already undergone its first surgical procedure. The company states that this product continues with its InSet technical design principles and is expected to simplify the surgical process and reduce surgery time.
PR Newswire
·2026-10-09 06:02:02
7
View More
Latest from Author
Refresh
arrow
Web3: Foreign Media: The Trade-off Between Bitcoin and Index Funds
Web3: Foreign Media: The Trade-off Between Bitcoin and Index Funds
07-12 04:32   357peopleViews
Bitcoin fell more than 4%, and related stocks also declined.
Bitcoin fell more than 4%, and related stocks also declined.
05-18 11:02   123peopleViews
The S&P 500 and the Nasdaq closed lower; soaring crude oil prices and chip stocks dragged down the market.
The S&P 500 and the Nasdaq closed lower; soaring crude oil prices and chip stocks dragged down the market.
1h ago   31peopleViews
Recommended