Binance founder Changpeng Zhao has sparked hilarious reactions across the crypto community after trolling Jim Cramer in his latest interview with CNBC on Bitcoin. The event saw Jim Cramer express fresh doubts about Bitcoin amid the prolonged price correction, saying, “I don’t think everything is fine with Bitcoin.” CZ reacted to this with a simple
The Coinbase Bitcoin Premium Index, which measures the price gap between bitcoin on Coinbase and the global market average, has fallen to a negative divergence of -0.15%, the widest since Q1 this year. A negative reading of the index means bitcoin is trading cheaper on Coinbase, signalling weakness in U.S. demand, selling pressure and waning
Cryptocurrency analyst Steven Ehrlich commented on Bitcoin following the sharp sell-off in the market. According to Ehrlich, although Bitcoin briefly reclaimed the $85,000 level in the morning hours following New York Fed President John Williams’ “dovish” statements about the possibility of a new interest rate cut next month, this rise is not expected to be
Jake Claver, CEO of Digital Ascension Group, a firm that helps wealthy individuals and their families navigate the world of cryptocurrency, recalls how one of his clients, “a gentleman from Dallas,” turned $11,000 into almost half a billion dollars, primarily from trading memecoins – culturally themed crypto tokens with no real utility whose valuations can
The great corporate bitcoin land grab of the summer has substantially cooled, and the latest batch of digital-asset treasury (DAT) stocks is showing the hangover. Many of the once-hot bitcoin treasury stocks now trade below the value of the crypto stash they hold, forcing companies to move beyond a simple “buy and hold” approach and
Stability World AI and Pona Network are making a strategic alliance, which leads to a further step in the connection of AI and Blockchain. The partnership includes the combination of generative AI by Stability World and a modular Layer-2 infrastructure by Pona Network to facilitate Web3 applications of the next generation. The alliance will provide
Satoshi Nakamoto’s estimated net worth has declined to $90.7 billion, the lowest level since his wealth peaked at $137 billion in October, according to data from Arkham. The drop of 34% (or $47 billion) pushes the Bitcoin creator to 20th place on the Forbes billionaire list, just behind Bill Gates at $104 billion. Nakamoto’s 1.096
Bitcoin’s price stands at $83,864 to $84,135 over the last 60 minutes, with a market capitalization standing firm at $1.67 trillion and a 24-hour trading volume of $92.60 billion. Within the day, bitcoin maneuvered between $81,050 and $85,428, flirting with volatility while signaling technical distress across nearly every time frame. Bitcoin Chart Outlook From the
The cryptocurrency market is already feeling the effects of Citi making an emphatic statement, and it is feeling it quickly. Citi anticipates that Bitcoin will surpass $82,000 by the end of the year, and this has spurred renewed confidence among investors. The bank points to strong demand, improving liquidity, and a more mature ecosystem as
The U.S. Treasury recently bought back $785 million of its own debt. This means that the government repurchased some of the bonds it had issued to investors. The move aims to manage debt, reduce interest costs and maintain financial stability. Debt buybacks are not unusual, but this latest Treasury debt buyback has attracted attention. It