Cryptocurrencies Drop as Negative Market Lingers -- Market Talk
Dow Jones2026/08/10 15:5711:57 ET -- Cryptocurrencies are down in morning trading, with traders pulling back after major crypto assets showed signs of strength over the weekend. The segment has been moving in a positive direction over the past week, but the sentiment around cryptocurrencies hasn't totally shed fears over potential pitfalls. "Risk-reward has improved markedly, but is not fully de-risked," says an analyst with CryptoQuant in a note. "Downside pressure is lower as large holders accumulate, signaling the last stage of the bear market -- yet from a pure valuation standpoint, some further downside remains possible before a confirmed floor." Bitcoin is down 1.3% at $64,200, ethereum falls 2.3% to $1,876, XRP sheds 2% to $1.02, and solana is 1.8% lower at $75.83. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
August 10, 2026 11:57 ET (15:57 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
$60 billions spent in 3 months! Anthropic signs another $9.1 billions computing power deal, reaches a long-term agreement with bitcoin mining company Riot
Anthropic has signed a 20-year, $9.1 billion computing power agreement with bitcoin mining company Riot Platforms, providing 191 megawatts of computing power. If the extension option is exercised, the total value could reach up to $16.1 billion. This marks the third massive computing power deal Anthropic has signed in recent months, with the combined value of all three agreements exceeding $60 billion. After the announcement, Riot’s shares surged by 25% in after-hours trading, as the market strongly recognized the "mining to AI" valuation logic.
Riot Platforms stock jumps 25% after-hours on $9.1 billion AI deal reportedly with Anthropic
Weir says NEXT digital twins, AI narrow processing plant operating margins
Crypto prices
More
