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

40-Day Shutdown Nears Conclusion, Sending Bitcoin Above $105K

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

Bitcoin Stabilizes, But Galaxy Research Cuts Year-End Forecast to $120K

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