Live markets: Crypto prices remain flat ahead of FOMC minutes, Nvidia earnings
liveUpdated 47 minutes ago
Bitcoin is lower by more than 4% over the past week, but has remained in a very tight range around $77,000 for the last three days.
By Stephen Alpher and James Van Straten
Share this post
Bitcoin treasury firm Nakamoto (NAKA), founded by David Bailey, will implement a 1-for-40 reverse stock split on May 22, the company said, to regain compliance with Nasdaq’s minimum $1 bid price requirement.
The action comes as the stock has plunged more than 99% from its peak of one year ago to the current $0.16. Shares are down 8.8% Wednesday.
Reverse stock splits are a common strategy used by struggling companies to avoid removal from major exchanges. The tactic increases the stock price proportionally, but it does not change the company’s underlying market value.
It’s a sign of the times for digital asset treasury companies. Back in January, Strive (ASST) implemented a 1-for-20 reverse stock split to lift its share price above $1.
Read More: David Bailey’s Nakamoto sells roughly 5% of its bitcoin holdings, offloading 284 BTC
Share this post
Bitcoin (BTC) continues to trade in a tight range around $77,000 in morning U.S. action on Wednesday. The major stock indices are posting small gains after three consecutive negative sessions.
Minutes from the Fed’s last policy meeting are due to be released at 2:00 pm ET. That April meeting was notable as it was the last to be headed by Jerome Powell, with Kevin Warsh due to be sworn in as Fed chair on Friday.
The meeting was also important for having four dissents — one from Stephen Miran, who wanted the central bank to trim rates, and three from board members who urged the Fed to drop any language suggesting an easing bias.
In the weeks since, bond markets globally have taken a major tumble as unexpected economic strength has combined with resurgent inflation to force a major reassessment from rate traders.
Nvidia (NVDA) reports its quarterly results after the close on Wednesday. A large stock price move in the tech bellwether is likely to lead to a sizable move in the Nasdaq. Traders accustomed to crypto’s correlation with that index will be keeping a close eye.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Majors are up 8.2% MTD and Binance is capturing 78% of CEX inflows. Stablecoin deposits are building dry powder while BTC outflows point to accumulation. This regime is currently trader-led.
May 14, 2026
Majors are up 8.2% MTD and Binance is capturing 78% of CEX inflows. Stablecoin deposits are building dry powder while BTC outflows point to accumulation. This regime is currently trader-led.
Why it matters:
Majors are up 8.2% MTD and Binance is capturing 78% of CEX inflows. Stablecoin deposits are building dry powder while BTC outflows point to accumulation. This regime is currently trader-led.