The cryptocurrency market reached its definitive bottom for the currency cycle, Standard Chartered Analyst Geoffrey Kendrick said in a note on Friday. The cycle low is now locked in at $59,000 for bitcoin, a 53% drop from its Oct. 6 all-time high of $126,000, according… Read More
The months of waiting have ended, and SpaceX is set to begin trading on Nasdaq today after investors pumped $75 billion into the largest IPO in history. What happens next could ripple across financial markets, including crypto. One theory making the rounds is that recent… Read More
The risk-off mood that hammered crypto all week is reversing. Bitcoin is back in the green, and the trigger was a sudden de-escalation in the Iran war. Bitcoin traded at $63,550 on Friday, up 1.6% on the day and 1.4% over the week, per CoinDesk… Read More
When U.S. spot bitcoin exchange-traded funds (ETFs) launched in January 2024, investors had more than a dozen funds to choose from. BlackRock, Fidelity, Ark Invest, Bitwise, VanEck, Franklin Templeton and several others entered what many expected would become a fiercely competitive market. Eighteen months later,… Read More
The crypto market remains under pressure ahead of the pivotal U.S. inflation data, which is expected to show the cost of living rose to a three-year high of over 4% in May. Tokens such as privacy-focused zcash (ZEC) and decentralized exchange Hyperliquid’s HYPE have each… Read More
While bitcoin BTC$63,271.85-holder listed firm Strategy’s chairman Michael Saylor blamed the AI boom for last week’s bitcoin selloff, crypto investment firm Arca is pointing the finger squarely at Saylor himself. “The selling pressure last week was clearly due to the Saylor/MSTR news,” wrote Arca’s Chief… Read More
