After launching crypto-backed loans in the U.S. last year, Coinbase has expanded the Bitcoin, Ethereum offering to U.K. users.
Retail participation in the U.S. has bounced back to mid-2025 levels even as most consumers expect lower bitcoin prices ahead, the bank said.
Calm derivatives activity signals restraint, but could this stability hide a bigger move ahead?
The S&P 500 closed at 7,126 on April 17, another record, while the University of Michigan's preliminary April consumer sentiment reading fell to 47.6, the weakest print in the survey's history. The split on the screen looks surreal.
MSTR stock has fallen over 2.5% premarket despite Strategy buying 34,164 BTC for $2.54B, lifting total holdings to 815,061 BTC.
Record Weekly Accumulation: Strategy pushed its total holdings to 815,061 BTC after purchasing 34,164 BTC for $2.54 billion, marking its third‑largest acquisition by coin count. STRC‑Driven Funding: Strategy relied heavily on STRC to finance the purchase, with 85.
Institutional buying collides with high-leverage short bets as bitcoin approaches a critical market inflection point.
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Strategy reported its largest purchase in over 16 months, scooping up $2.54 billion in Bitcoin last week alongside STRC's ex-dividend date.
Inflows Momentum: U.S. spot Bitcoin ETFs recorded $996.4 million in weekly inflows, their strongest level since mid‑January, extending a three‑week streak of positive momentum. Institutional Positioning: BlackRock's IBIT led Bitcoin ETFs with $906 million, while Morgan Stanley's MSBT added $71 million, supported by institutional expectations for easing U.S.‑Iran tensions.
Coinbase launched USDC loans backed by cryptocurrencies for UK users, with BTC, ETH and cbETH as collateral. The loans operate on Morpho, an onchain protocol built on Base. Total originated in the U.S. exceeds $2.17 billion in USDC. Spot Bitcoin ETFs in the U.S. recorded net inflows of $996.
Bitcoin fell toward $74,000 as tension around Iran and uncertain Pakistan talks reversed a rebound that had briefly pushed BTC above $78,000. Brent crude jumped about 6% to roughly $95, S&P 500 futures fell 0.6%, and Bitcoin slipped to an intraday low near $73,800.