The digital asset dipped below $107K on Thursday as concerns over excess investment in AI by tech giants triggered a stock market selloff. Bitcoin Slides as Anxiety Over an AI Bubble Roils Stock Markets Alphabet and Meta will shell out roughly $93 and $72 billion, respectively, for artificial intelligence (AI) development in 2025. Microsoft has
Bitcoin’s BTC$109,611.63 rally has lost momentum since June, leaving prices largely rangebound above $100,000. This has emboldened some analysts who believe in the traditional four-year bitcoin cycle, warning that a tough bear market could be looming. However, a longer-term indicator offers a glimmer of hope for bulls – the 200-week simple moving average (SMA), currently
Societe Generale interest rate strategist Subadra Rajappa said market participants’ expectations of a Fed rate cut are unrealistic. According to Rajappa, markets are still pricing in too much easing in monetary policy, despite Fed Chair Jerome Powell making it clear in December that a rate cut was not a certainty. Rajappa argued that the Fed
The Federal Reserve’s decision to end its quantitative tightening program has placed the crypto markets at a critical juncture, with investors weighing whether this pivot will reignite Bitcoin’s bull run or lead to a repeat of its 2019 post-policy slump. Federal Reserve Chairman Jerome Powell’s comments on Tuesday hinted at an end to the central
Strategy chairman Michael Saylor says his company isn’t interested in acquiring other Bitcoin treasury companies, as doing so is fraught with uncertainty, although he didn’t entirely rule it out. “Generally, we don’t have any plans to pursue M&A [merger and acquisition] activity, even if it would look to be potentially accretive,” Saylor told investors on
Coinbase boss Brian Armstrong shook up two prediction markets in the final seconds of Thursday’s third-quarter earnings call by dropping a list of crypto buzzwords that Kalshi and Polymarket users bet would be mentioned in the call, resolving all markets to a “yes.” Several Kalshi and Polymarket users were ecstatic that their bets paid off
Strategy reported third-quarter earnings per share of $8.42, beating the market expectation of $7.90. The company reported quarterly revenue of $128.7 million, beating analyst estimates of $116.8 million. The company announced operating income of $3.9 billion, net income of $2.8 billion, and earnings per share (EPS) of $8.42. It also reaffirmed its 2025 guidance of
Bitcoin price fell to near $106,400, a sharp decline as stocks also tanked. Liquidations hit over $1 billion, with more than $400 million for BTC bulls. Most top altcoins plummeted too, with Ethereum dipping to under $3,700 and Solana to $179. The crypto market’s latest bearish flip has seen Bitcoin price plummeting to around $106,411,
Good Morning, Asia. Here’s what’s making news in the markets: Bitcoin is trading around $109K as Hong Kong begins its business day, as traders continue to digest comments from Fed Chair Jerome Powell that another rate cut isn’t a certain thing, chilling demand for BTC ETFs and other risk assets. Polymarket traders now assign a
Bitcoin’s available supply on the world’s largest crypto exchange is shrinking quickly. This deepening scarcity, one of the most pronounced readings in months, comes as data suggests large-scale investors are accumulating the asset, setting the stage for a potential supply squeeze. Conflicting Signals from Large Holders Data from October shared by Arab Chain shows that