Google Throws Bitcoin a Lifeline

The cryptocurrency has managed to claw its way back to $88K after sinking all the way to $80K last week. Bitcoin Gets a Boost from an Unlikely Ally: Google The multi-trillion-dollar AI bubble appears to have made Google and bitcoin allies of convenience. At a time when AI startups such as Anthropic and OpenAI are … Read more

Did an Uptick in Unemployment Sink Bitcoin Again?

The cryptocurrency reclaimed $93K early Thursday morning, then suddenly retreated and fell to $86K. Unemployment Fears May Have Just Sent Bitcoin Tumbling Once More The U.S. Federal government machinery whirred to life after a record 43-day shutdown, and now key macroeconomic data, though somewhat stale, is beginning to trickle in. Thursday saw the U.S. Bureau … Read more

Paper Hands Fold: Glassnode Reveals Panic Selling as Bitcoin Drops Below $90K

The cryptocurrency plunged below the $90K threshold once again on Wednesday, as a multi-day sell-off persisted. Bitcoin Dips Below $90K and Paper Hands Start Panic Selling, Glassnode Says Bitcoin retreated below the $90K threshold once again, and skittish investors with so-called “paper hands” are getting the heck out of dodge in droves. At least that’s … Read more

Yes, Bitcoin Is Down, but ‘the Sell-Off Is Over,’ Standard Chartered Says

One longtime analyst thinks a bitcoin breakout is waiting in the wings, even after the cryptocurrency plunged to $89K on Tuesday morning. Standard Chartered Predicts Year-End Bitcoin Rally Most analysts didn’t have an $89K bitcoin price on their bingo cards, but that’s exactly what happened at around 2 a.m. on Tuesday. Yet Standard Chartered’s head … Read more

A Perfect Storm Has Sent Bitcoin Nosediving

Few people predicted the dominant cryptocurrency would plunge as low as $94,525.06 just weeks after printing a new all-time high. Market Mayhem Sends BTC Tumbling to $94K Fears around soaring AI valuations, uncertainty about the direction of interest rates, and drama in the aftermath of a 43-day government shutdown have all converged to create what … Read more

Bitcoin Dips as Concerns of an AI Bubble Mount

Analysts are getting increasingly skittish about the mind-bending dollar amounts being plowed into the red-hot artificial intelligence (AI) sector. The AI Bubble Anxiety: Why Bitcoin Is Falling “We are looking at commitments of about $1.4 trillion over the next 8 years,” OpenAI CEO Sam Altman said last week. That figure is almost $200 billion larger … Read more

Bitcoin’s Down Again: Is It the Government Shutdown or AI?

The leading cryptocurrency eased to $103K on Tuesday afternoon after climbing as high as $107K following a breakthrough in Congress to end the ongoing government closure. Government Shutdown or AI Bubble? The Reason Bitcoin is Down Japanese investment giant Softbank reported on Tuesday that it had offloaded its entire $5.83 billion stake in Nvidia, sending … Read more