One of the most significant rumors that resonated in the Bitcoin (BTC) market during the day was the claim that Strategy (formerly MicroStrategy), led by Michael Saylor, sold $4 billion worth of Bitcoin today. This claim, which quickly spread on social media, fueled further panic as the BTC price fell below $95,000. However, both on-chain
Following the sharp pullback in the Bitcoin (BTC) price, economist James E. Thorne has offered a comprehensive assessment of the macroeconomic dynamics driving the markets. Thorne stated that the reopening of the US government, coupled with the Treasury’s management of the Treasury General Account (TGA), represents a “near-term liquidity injection” into the financial system. He
LinkLayerAI, an incentive protocol driven by intelligent agents, announced a strategic partnership with Binor Labs, an innovative decentralized launch engine platform. This collaboration brings together AI infrastructure and a decentralized launchpad network, a move that enables the two platforms to unlock new opportunities for Web3 community engagement. Powered by its native token (BIN), Binor Labs
Expectations for a rate cut at the Fed’s December meeting are leading to a clear division within the institution. Fed member Lorie Logan maintained her hawkish stance, stating in December that she would not support another interest rate cut. Logan had also opposed the cut at the October meeting, highlighting the risks of high inflation.
Crypto market lows are unlikely to form at moments when many analysts and traders are calling for one, according to crypto sentiment platform Santiment. “Be cautious when you see a widespread consensus forming about a specific price bottom,” Santiment said in a report on Saturday, adding that “true bottoms often form when the majority expects
Only 45.9% of investors anticipate an interest rate cut at the next US Federal Open Market Committee (FOMC) meeting in December, amid declining market sentiment and a downturn in the cryptocurrency market. The odds of a 25 basis point (BPS) interest rate cut in December were nearly 67% on Nov. 7, according to data from
Crypto exchange Coinbase has sharply criticized a group of major US banking associations after they urged federal regulators to ban merchant rewards, cashbacks, and discounts offered to customers who pay with stablecoins. The latter argued such perks amount to “indirect interest.” “Unamerican” Power Grab In a post on X, Coinbase chief policy officer Faryar Shirzad
Bitcoin price slid to fresh six-month lows on Friday, breaking decisively below the psychological $100,000 mark and intensifying a sell-off that has wiped out nearly a quarter of its value in just over a month. By midday, the bitcoin price was trading between $94,000 and $97,000, its weakest level since early May and a steep
Prominent financial commentator Peter Schiff is busy gloating over Bitcoin’s most recent price crash. The gold bug has correctly predicted that the cryptocurrency would struggle to hold the $100,000 level. In the meantime, gold has successfully reclaimed the $4,100 level following a significant correction. “My Bitcoin track record has really improved in recent years. Pay