Bitcoin price faces growing downside risks after rejecting major resistance near $69,700. Weak bullish volume and loss of key support levels now raise the probability of a corrective move toward $62,000. Summary Rejection at $69,700 0.618 Fibonacci resistance confirms weakness Loss of Point of Control signals bearish short-term structure $62,000 support becomes next key downside
Circle (CRCL), issuer of the $USDC stablecoin, continues to surge, now 45% higher in less than two sessions following its Wednesday fourth quarter earnings report. The move snapped what had been a brutal 80% drawdown from record highs hit last year. While the company delivered strong growth in $USDC supply, the stock’s outsized reaction was
There is a viral assertion circulating in crypto markets that links Jane Street, the Terra Meltdown and AI firm, Anthropic. The storyline indicates a grander institutional plan of what has occurred in the market history. It is however a mix of both proven facts and speculation, and thus it is critical that investors be able
Circle stock price popped by over 35% on Wednesday, its best day since going public, after publishing stronger revenue and $USDC stablecoin growth than expected. Summary Circle stock price soared after publishing strong financial results on Wednesday. Canaccord Genuity analysts maintained a bullish outlook for the stock. They slashed their CRCL stock target to $160,
US-based asset manager REX Shares has launched an exchange-traded fund that bundles leveraged covered-call strategies tied to nine individual stocks, including crypto-linked names Coinbase and Strategy, into a single income-focused product trading under the ticker GIF. According to Thursday’s announcement, the fund holds equal-weighted positions in REX’s existing single-stock Growth & Income ETFs, each of
The AI and data center boom partly driven by Bitcoin miners is increasingly being financed through high-yield bond issuance, underscoring how lenders are pricing both risk and opportunity in the sector. According to TheEnergyMag’s latest newsletter, companies tied to AI data center development have raised about $33 billion in long-term senior notes over the past
The artificial intelligence boom could end in recession. Economists at Moody’s Analytics now put the odds at 45 percent. The warning comes as a separate report from Moody’s Ratings exposes how the country’s biggest tech companies have buried more than half a trillion dollars in future obligations that don’t appear on their financial statements. Moody’s
CEA Industries, positioned as the world’s largest $BNB treasury company, has seen its value drop by 95 percent since its peak last year, and is blaming the decline on the family office of Binance founder Changpeng Zhao (CZ). In a press release, the company demanded that details of an alleged “secret side agreement” signed between
Happy Thursday, advisors! In today’s newsletter, David Lawant, head of research at Anchorage Digital reviews crypto’s evolving role in 401(k)s, as regulatory clarity is poised to open up investments. Then, in Ask an Expert, Kevin Tam answers questions about crypto adoption around the world looking at the recent 13F filings. Happy Reading. Modernizing the nest