Accessibility helpSign InSubscribeFinancial TimesSubscribeSign InHomeWorldWorld HomeMiddle East warGlobal EconomyUKUSChinaAfricaAsia PacificEmerging MarketsEuropeWar in UkraineAmericasMiddle East & North AfricaIran warns it will hit US bases across region hours after president’s apologyThe war of unintended consequencesIn the centre of the storm: what does the Iran war mean for Dubai?We’ll always have DubaiTrump’s war on Iran is spreading. Where does it stop?USUS HomeUS EconomyUS CompaniesUS Politics & PolicyIran warns it will hit US bases across region hours after president’s apologyThe war of unintended consequencesTrump’s war on Iran is spreading. Where does it stop?Donald Trump calls for more US military action in Latin AmericaUS faced with few good options to tamp down surging oil pricesCompaniesCompanies HomeEnergyFinancialsHealthIndustrialsMediaProfessional ServicesRetail & ConsumerTech SectorTelecomsTransportIn the centre of the storm: what does the Iran war mean for Dubai?Is the nightmare scenario for global energy here?Palmer Luckey’s $1bn pitch to reboot 1990s video game consolesShips in Gulf declare themselves Chinese to dodge attackUS faced with few good options to tamp down surging oil pricesTechTech HomeArtificial intelligenceSemiconductorsCyber SecuritySocial MediaPalmer Luckey’s $1bn pitch to reboot 1990s video game consolesUS draws up strict new AI guidelines amid Anthropic clashGoogle gives CEO Sundar Pichai new pay deal worth up to $692mnOracle and OpenAI scrap deal to expand flagship Texas data centreIran hits Amazon data centres in jolt to Gulf AI driveMarketsMarkets HomeAlphavilleMarkets DataCryptoCapital MarketsCommoditiesCurrenciesEquitiesMonetary Policy RadarWealth ManagementMoral MoneyETF HubFund ManagementTradingIs the nightmare scenario for global energy here?US faced with few good options to tamp down surging oil pricesBritain is now the home of the Middle ManInvestors are not ready for a true shockA week of war in charts: the impact on the USClimateOpinionOpinion HomeColumnistsThe FT ViewThe Big ReadLexObituariesLettersThe war of unintended consequencesWe’ll always have DubaiIs the nightmare scenario for global energy here?Britain is now the home of the Middle ManAre attention spans really shrinking?LexWork & CareersWork & Careers HomeBusiness School RankingsBusiness EducationEurope's Start-Up HubsEntrepreneurshipRecruitmentBusiness BooksBusiness TravelWorking ItGoogle gives CEO Sundar Pichai new pay deal worth up to $692mnPapier founder: ‘I don’t own stocks or shares — it’s too much risk’Are you financially ‘prepped’ for higher inflation?Couples navigate their new money dynamicsAfter years of pay gap reporting, what do we know?Life & ArtsLife & Arts HomeArtsBooksFood & DrinkFT MagazineHouse & HomeStylePuzzlesTravelFT GlobetrotterWe’ll always have DubaiTrump’s war on Iran is spreading. Where does it stop?Palmer Luckey’s $1bn pitch to reboot 1990s video game consolesHereditary peer Lord Mancroft: ‘They don’t care about fox hunting. It’s about us’Marinelli: my 15-year quest to ski the biggest face in the AlpsHow To Spend ItHomeWorldUSCompaniesTechMarketsClimateOpinionLexWork & CareersLife & ArtsHow To Spend ItFinancial TimesSubscribeSign InCryptocurrenciesBitcoin and crypto stocks surge amid relief rally for risky assetsTrump’s insistence that ‘we are not going to allow’ banks to undermine crypto legislation also boosts sectorIsasUK investors unable to put crypto products in Isas from AprilGovernment’s crypto Isa move ‘at risk of being a damp squib’CurrenciesFT Alphaville. Kwasi Kwarteng is focused, ‘orange pilled’ and ready to start bitcoinmaxxingChecking in on the ex-chancellorCurrenciesFT Alphaville. Here comes the great American bitcoin-mining-to-AI pivotNew kids off the blockchainCryptocurrenciesBitcoin is still about $70,000 too highThe crypto crash is coming — and the landing won’t be prettyJemima KellyCryptocurrenciesBitcoin falls below $65,000 to wipe out ‘Trump rally’Cryptocurrency returns to November 2024 level as it is swept up in tech stock sell-offCurrenciesFT Alphaville. Hodlers: an apology for the apologyNumber go upside-downCryptocurrenciesBitcoin price slides to lowest level since 2025 tariff shockDrop comes after gold and other precious metals sold off sharplyInvestmentsCrypto Isas are here — but are they a good idea?The UK government is providing tax incentives for these speculative assets — whether it should or not is another matterMichael NovogratzNovogratz’s Galaxy to launch $100mn crypto hedge fundBillionaire’s firm plans portfolio to profit from rising and falling prices, following sharp sell-off in digital assets sectorUS companiesStrategy diehards keep faith in company that ‘the market doesn’t understand’Bitcoin hoarder’s business model has come into question but retail traders still view founder as ‘visionary leader’CryptocurrenciesCan bitcoin bonds fund economic development?A New Hampshire municipal issue stretches the bounds of what state borrowing is forBrendan GreeleyStrategy Inc.Strategy’s stock slide leaves bitcoin’s biggest booster with dwindling optionsMichael Saylor’s financial engineering inspired dozens of imitators but is now close to unravellingDigital currenciesThe Big Read. Crypto’s rocky yearThe industry was hugely optimistic when Donald Trump returned to the White House. But bitcoin has fallen by a quarter in two monthsStrategy Inc.FT Alphaville. Cantor has cut its Strategy price target by 60%, but wants you to know everything is going to be OK“This Fear is Not Warranted”US companiesLex. Bitcoin faithful prepare for a bitter winterThe flywheel is difficult to maintain if crypto’s animal spirits turn out to have been durably damped downCryptocurrenciesTrump sons’ bitcoin venture sheds almost 40% of its value in crypto turmoilCompany’s shares plummet as investors cash out at end of lock-up periodStrategy Inc.Bitcoin champion Strategy launches ‘dollar reserve’ amid crypto sell-offShares slide as group warns of loss of up to $5.5bn if digital asset prices do not reboundTetherS&P downgrades Tether’s assets to lowest levelRating agency cites rising exposure to high-risk assets and lack of disclosuresCurrenciesFT Alphaville. ‘Infinite money glitch’; meet arithmeticMicro Strategy, major strifeDigital currenciesThe fatal flaw in using bitcoin as a currencyThere is a crypto parallel in the aftermath of Europe’s 14th century bubonic plaguePaul DonovanCryptocurrenciesCrypto hoarders dump tokens as shares tumble‘Digital asset treasury’ craze sours amid $1tn rout in cryptocurrency marketInvestmentsThe warning signal from bitcoin’s fallMoves in the cryptocurrency are becoming an early alert that markets are unwellKatie MartinCurrenciesFT Alphaville. 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