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Senate Republicans and Democrats finally agreed to a deal that could see the longest government shutdown in U.S. history come to an end, assuming everything goes as planned. Bitcoin Climbs to $105K as 40-Day Government Shutdown Finally Shows Signs of Resolution It’s rather uncommon to see eight Senate Democrats go counter to their own party … Read more
The cryptocurrency has hovered around the $100K threshold for multiple days in a row, with no clear sign of an imminent rally. Bitcoin Stalls at $100K, Have We Reached a New Plateau? November is typically a good month for bitcoin. Data from Coinglass shows positive monthly returns for the cryptocurrency 66% of the time between … Read more
On Thursday, another stablecoin, this one dubbed ‘USDX’ from Stable Labs, took a nosedive off its $1 peg, skidding all the way down to $0.3736. The meltdown, some say, traces back to the Balancer exploit that left more than $100 million vanishing into the ether. USDX Springs a Leak After the Stream Finance debacle—where its … Read more
The cryptocurrency sank to $100K for the second time in less than a week as fears of an impending artificial intelligence (AI) stock crash gripped Wall Street. Bitcoin and Stock Markets Tumble as AI Fears Spark Selloff The romance between AI and Wall Street is quickly turning sour and bitcoin is paying the price. Multiple … Read more
The digital currency nosedived below $100K on Tuesday before clawing its way back to $104K on Wednesday afternoon. Galaxy Research Revises Bullish Target Down to $120K Tuesday belonged to the bears. Bitcoin ( BTC) plunged below $100K triggering nearly $500 million in BTC liquidations. It was the first time the cryptocurrency had entered sub-$100K territory … Read more
The cryptocurrency plunged below $100K, triggering $470 million in liquidations, as long investors racked up the lion’s share of losses. Markets in Turmoil: AI Fears and a Socialist NYC Sink Bitcoin and Stocks “A dip below 100k seems inevitable,” said Standard Chartered Bank’s Geoffrey Kendrick just a few days ago. “It may be the last … Read more
The prediction market has assigned Zohran Mamdani a 93% probability of becoming New York City’s next mayor. Bitcoin Slips as Traders Fret Over Potential Mamdani Win Democratic socialist Zohran Mamdani will likely be New York City’s next mayor according to Polymarket, and bitcoin traders don’t seem too pleased by it. The 34-year-old Ugandan-born New Yorker … Read more
The cryptocurrency posted modest gains after slipping below $107K yesterday, triggering roughly $400 million in liquidations. Bitcoin Rises as Treasury Secretary Confirms Timing of US-China Trade Pact Reporting by the Financial Times on Friday revealed that U.S. Treasury Secretary Scott Bessent expects the recently negotiated U.S.-China trade deal to be officially signed “over the coming … Read more
The digital asset dipped below $107K on Thursday as concerns over excess investment in AI by tech giants triggered a stock market selloff. Bitcoin Slides as Anxiety Over an AI Bubble Roils Stock Markets Alphabet and Meta will shell out roughly $93 and $72 billion, respectively, for artificial intelligence (AI) development in 2025. Microsoft has … Read more
The cryptocurrency briefly fell below $110K even after the U.S. Federal Reserve lowered its policy rate for the second time this year. Powell’s Hawkish Stance Sends Bitcoin Lower A second rate cut this year was a practical certainty based on the probability reflected by the CME Fedwatch Tool just minutes before Federal Reserve Chairman Jerome … Read more
