Cryptocurrencies continue to trend lower Monday morning and Bitcoin has retreated below $7,000.
Market capitalization also decreased and was $252.06 billion as of 10.15 am ET on CoinMarketCap.
Here is a wrap of the main news from the cryptocurrency and blockchain space over the weekend.
Bitcoin Price Drops Below $7000
Bitcoin's bearish trend continued over the weekend, and is back to sub-$7,000 level losing most of the gains made in the last month. Some crypto pundits predict that they don't see a major comeback for the most popular cryptocurrency in the rest of the months this year. Read more...
Intercontinental Exchange To Launch Digital Assets Platform Bakkt
Intercontinental Exchange (ICE) is planning to launch a digital assets ecosystem through a new startup company called Bakkt. The company will leverage Microsoft cloud solutions to create an open and regulated, global ecosystem for digital assets. Read more... Coinbase Custody Service To Add 37 More Crypto Assets
US-based crypto exchange Coinbase's recently launched new cryptocurrency custody service for institutional investors called Coinbase Custody is planning to add nearly 37 more existing and forthcoming crypto assets. These assets are considered for storage only at this time and not for trading purpose. Read more...
High Times Is First To Accept Cryptocurrencies For IPO
High Times Holding Corp., the publisher of High Times cannabis magazine, is set to become the first ever company to accept cryptocurrencies in initial public offering or ICO. The prominent cannabis brand announced that it will become the first IPO on Nasdaq public stock exchange to accept investments through Bitcoin and Ethereum. Read more...
Overstock.com To Build Blockchain-based Land Registry In Zambia
Overstock.com's blockchain-meets-property rights subsidiary, Medici Land Governance, will create systems in the southern African country of Zambia to collect and easily secure property ownership information using blockchain. Medici Land will provide a secure and decentralized land and property registry. Read more...
Current Prices
As of 10.16 am ET, Bitcoin was down 0.37 percent at $6,944 and Ethereum was lower by 0.14 percent at $405.04 on Coinbase.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.