The leading cryptocurrency, Bitcoin ($BTC), is facing risks in the Middle East on the first trading day of June. This has pushed the price below $73,000, placing $BTC at a critical juncture for the coming days. Market predictions suggest the market could test the liquidity zone around $72,000, while US employment figures are also cited
Bitcoin and software stocks moved almost in lockstep for much of the past five years, with BTC treated as a high-beta technology asset. The iShares Expanded Tech-Software Sector ETF (IGV) served as one of the best proxies for the software sector. That relationship, however, appears to have broken down. Since May 14, bitcoin and IGV
Bitcoin market analyst PlanB has issued a cautious forecast, stating there is a greater than 50% probability that Bitcoin ($BTC) will fall below $61,000. In a post on X, the analyst known for his stock-to-flow model highlighted a divided market, with some believing the $60,000 level reached in February marked the cycle bottom, while others
Putting real-world investments onchain, a process called tokenization, is moving out of the testing phase and into everyday business. Citi’s new report Tokenization 2030: Wall Street On-Chain shared with CoinDesk ahead of Proof of Talk in Paris, shows that the global market for thse digital investments sits at just $17 billion today. However, Citi expects
It has been suggested that Bitcoin (BTC), the flagship of the cryptocurrency market, may rebound after reaching a short-term low in June. A recent analysis published by BIT, a digital asset research company formerly known as Matrixport, indicates that despite seasonal weakness, there are significant catalysts that could support the market in the coming period.
Origins Network has partnered with PinGo AI, a decentralized physical infrastructure network (DePIN) project, to connect the world’s idle computing resources to an increasing array of AI developers and decentralized applications (dApps). As artificial intelligence continues to grow, it is moving toward increasingly advanced capabilities that require vast amounts of computing power. At the same
Bitcoin is currently pinned below $75,000 after falling more than 5% over the past week, with institutional selling, heavy liquidations, and macroeconomic uncertainty keeping the cryptocurrency under pressure. According to CoinGecko data, Bitcoin was trading near $73,300 at last check after briefly dropping to a monthly low of $72,785 on Thursday. The cryptocurrency now sits
Kansas City Federal Reserve President John Schmid indicated on Wednesday that additional monetary tightening may be necessary to bring inflation back to the central bank’s 2 percent target. Speaking at a conference in Omaha, Nebraska, Schmid noted that while progress has been made, the battle against inflation is not yet won. Context and Implications of
Animoca Brands co-founder Yat Siu says agentic artificial intelligence (AI) is the most important shift in the internet since blockchain, and his firm is backing it with a fresh $10 million investment program. Key Takeaways: Animoca Brands launched a $10M fund targeting early-stage agentic AI, calling the sector as early as OpenAI circa 2020. Yat