Bitcoin ($BTC) price dropped 6% over the past week to trade near $68,100 after breaking a head-and-shoulders neckline on March 21. The breakdown activated a measured move target near $62,200, roughly 10% below the neckline. However, on-chain data shows whales and long-term holders are accumulating aggressively, setting up a tug-of-war between technical weakness and conviction-driven
Decentralized, blockchain-based messaging and social media apps saw a surge of interest over the last year amid civil unrest and communication blackouts in the Middle East, Asia and Africa. Search interest in decentralized social media has grown 145% over the last five years, according to Exploding Topics, while decentralized peer-to-peer messaging service Bitchat saw a
Autonomous AI agent commerce could mean the end of online advertising as it is currently known today and shift the internet’s economic model, according to a16z Crypto. Since the dawn of the internet, buying goods or services typically involves navigating to online stores (some through online advertisements). However, Merit Systems co-founder Sam Ragsdale argues this
Strive (ASST) Chief Risk Officer Jeff Walton laid out the bull case for what he called “Digital Credit,” arguing that a single shift in how rating agencies value Bitcoin ($BTC) could catapult Strategy (MSTR) from junk status to investment grade. In his remarks, Walton targeted the gap between how credit agencies score Bitcoin treasury companies
Hong Kong-based Web3 gaming firm Boyaa Interactive International said it is seeking shareholder approval to expand its crypto treasury, planning up to $70 million in purchases over the next year. In a statement on Sunday, the Hong Kong-listed company said it is looking to use its “idle cash reserves during periods of weakness in the
A report issued by Renmin University’s International Monetary Institute argues against maintaining large foreign exchange reserves, mainly U.S. Treasuries, as the yuan adoption and trust grow. The document advises holding “moderately ample” levels of foreign reserves, with dollar bonds being their largest component. Report: China Should Reduce Forex Reserves As Yuan Matures China’s level of
Bitcoin drops after Trump’s Truth Social threat turns ceasefire language into renewed escalation Overnight, Bitcoin dramatically fell 2.8% after President Donald Trump issued a Truth Social post threatening to “obliterate” Iran’s power plants if the Strait of Hormuz was not reopened within 48 hours. The drop ran from roughly $70,400 to $68,200 before a partial
Bitcoin $BTC$68,661.74 began the year on a painful note, even as equity markets remained buoyant. But stock traders’ luck is now running out, as rising bond yields pressure valuations. Prices for bitcoin plunged to nearly $60,000 from around $90,000 in the first five weeks of the year, according to CoinDesk data. The decline marked a
Barbara Fried and Joseph Bankman, the parents of FTX founder Sam Bankman-Fried, who was convicted after the exchange’s collapse, used their first televised interview to challenge the core premise of his conviction, arguing that no customer money was ultimately lost. “The money was always there,” Bankman said during a weekend interview with CNN’s Michael Smerconish.