Bitcoin recovered from last week’s fall toward $59,000 and briefly tested $64,156. However, the rebound has not changed the wider downtrend. Bitcoin traded near $63,200 at the time of writing, according to crypto.news price data. The market now faces two tests. Traders want stronger futures participation before treating the move as lasting. They are also
Asian equity markets clawed back some ground on June 9 (Tuesday) after yesterday’s punishing losses, but the recovery remained fragile as rising bond yields and growing expectations of central bank rate hikes kept investors cautious across the region. South Korea’s KOSPI led the rebound with a 3% gain after plunging more than 8% in the
Silicon Valley’s AI boom is creating demand for a different type of paid companionship. Some technology workers are spending as much as $23,000 per day for escorts who can discuss artificial intelligence, cryptocurrency, biohacking, and startup culture. Forbes reported that the service extends beyond sex. Clients are also paying for attention, informed conversation, and time
Bitcoin is facing another major test as the current downturn is being compared with earlier FIFA World Cup-year bear markets. The pressure follows an Oct. 10 flash crash that erased $19 billion in leveraged crypto positions in one afternoon and dragged major tokens lower. The selloff pushed Bitcoin down from its $126,000 peak to $105,000.
Artificial intelligence agents that have autonomous access to crypto wallets could become unstoppable if deployed maliciously or escape from sandboxes, experts from a leading academic research consortium warned. “Unstoppable Autonomous Agents” (UAAs) pose a clear threat if they are deployed to persist automatically and have access to digital assets, according to a June 8 industry
Despite the recent sharp decline in Bitcoin’s price, institutional investors’ interest in the cryptocurrency market remains strong. John D’Agostino, head of institutional strategy at US-based cryptocurrency exchange Coinbase, told CNBC that institutional investors view current price levels as a significant buying opportunity. According to D’Agostino, family offices and state-backed sovereign wealth funds, in particular, are
Bitcoin traded around $63,000 on Monday, clawing back from a two-month low hit on June 5 as a confluence of headwinds — spot ETF outflows, macro uncertainty, and capital rotation into artificial intelligence stocks — pushed the world’s largest cryptocurrency roughly 50% below its all-time high of $126,279 reached in October 2025. The decline has
Peter Schiff, Chief Economist and Global Strategist of Euro Pacific Asset Management, called Strategy Inc.‘s (NASDAQ: MSTR) latest purchase of 1,550 Bitcoin ($BTC) for $101 million “damage control” in an X post on Monday, June 8. The longtime Bitcoin critic argued the move was a quick reaction to possibly calm investors’ nerves. Furthermore, the purchase
Bitcoin is bouncing. After touching lows near $60,000 last week, the price has recovered to trade around $63,800 and the immediate question facing every trader is whether this move higher is the beginning of something meaningful or simply the market catching its breath before another leg down. Based on the technical structure developing across multiple