Crypto market meltdown
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Galaxy Digital Shares Plunge 20% Following $482M Q4 Loss Report
Yahoo Finance· 2026-02-04 05:27
Galaxy Digital Inc. (Nasdaq: GLXY) shares crashed 20.65% on Tuesday, sliding to $21.32 after the crypto firm reported a staggering $482 million net loss for the fourth quarter of 2025. The loss exposes how crypto firms struggle when markets tank. For all of 2025, Galaxy burned through $241 million, hurt by tumbling token values and roughly $160 million in one-time charges, according to its 2025 financial results press release, shared during the earnings call with shareholders. Galaxy’s digital asset hol ...
Bitcoin hovers near $78,000 with 'broader downtrend intact'
Yahoo Finance· 2026-02-03 03:23
Bitcoin (BTC-USD) steadied near $78,000 per token on Monday, but some strategists cautioned that its sharp sell-off over the weekend may not be over as investors seemed reluctant to buy the dip. The world's largest cryptocurrency dropped sharply on Saturday, touching its lowest levels since last April and notching a fourth straight month of losses. The move lower coincided with President Trump's announcement on Friday selecting Kevin Warsh to lead the Federal Reserve when Jerome Powell's term ends in M ...