Expert who predicted the 2021 Bitcoin drop issues another alert
Benjamin Cowen, an analyst often linked to the crypto downturn of 2021, has shared another bleak forecast for the market. This warning came after a tough week, which began with Strategy’s initial investment in Bitcoin. It’s worth noting that just 32 BTC were sold from a stash of over 840,000 hidden assets, yet this event […]
Gold expert cautions that Bitcoin might encounter a ‘Black Monday’
On June 5th, Bitcoin dropped below $60,000 for the first time since October 2024, erasing all gains that had accumulated since Donald Trump’s election. This decline came on the heels of Strategies’ first Bitcoin sales since 2022, ongoing outflows from U.S. spot Bitcoin exchange-traded funds (ETFs), and a general downturn in the broader cryptocurrency market. […]
Bitcoin drops close to $62,000 as the AI market slows down, HYPE declines by 14%
Bitcoin and Cryptocurrency Market Update On Friday during Asian trading hours, Bitcoin dipped to $62,715, representing a 1.9% drop for the day and a significant 14.5% decline over the week. It seems like the artificial intelligence boom that’s bolstered risk assets is beginning to lose momentum. Ether also took a hit, falling 4.8% to $1,696, […]
Bitcoin Price Returns to $63,000 Despite Absorbing 1.2 Million BTC
Bitcoin Market Update Recent data indicates that despite Bitcoin’s current price of $63,000, it has returned to this level even as various spot ETFs and strategies absorb more Bitcoin than what’s held in Satoshi’s wallet. Bitcoin’s Price Movement In a recent update on X, Ki Young Ju, founder of CryptoQuant, discussed the notable drop in […]
No scam here: Bitcoin addresses the potential AI oversight crisis
Welcome to a new chapter in AI surveillance, America. President Trump has issued an executive order that places the onus on the federal government’s most secretive agency, the National Security Agency (NSA), to assess whether products from private companies are safe for public use. Intelligence agencies will set and evaluate crucial benchmarks, overseeing new AI […]
MSTR Stock Drops Significantly as Bitcoin Declines: Retail Sentiment is the Most Negative This Year
Canaccord has reduced MSTR’s price target significantly, by over 27%, while keeping a “buy” rating intact. This week, Strategy announced it had sold 32 Bitcoins, marking its first sale since 2022. Peter Schiff, who’s the CEO and chief global strategist at Euro Pacific Capital, has cautioned that cryptocurrencies might experience further downturns. After a more […]
Microsoft Unveils ‘1,000x More Reliable’ Quantum Chip as Bitcoin Risk Increases
Simply put Microsoft has introduced its new Majorana 2 quantum chip, claiming it to be 1,000 times more reliable than its predecessor and projecting that scalable quantum computing could be realized by 2029. The company noted that AI tools were crucial in speeding up research, discovering materials, and enhancing manufacturing processes related to the chip. […]
Experts Caution That Bitcoin Faces Issues Linked to MicroStrategy as BTC and MSTR Shares Decline
Bitcoin and MicroStrategy Shares Drop Following BTC Sale Both Bitcoin (BTC) and MicroStrategy (MSTR) saw their prices decline sharply on Tuesday. This followed the announcement of MicroStrategy’s first Bitcoin sale in 41 months, sparking fresh conversations about the reliance of these assets on a single corporate player. In its Form 8-K, MicroStrategy disclosed that it […]
Bitcoin and Ethereum price update: MSTR’s BTC sale might lead to better performance for ETH.
Bitcoin and Ethereum Market Insights Jeff Kendrick, who leads digital asset research at Standard Chartered, remarked that despite the relatively small Bitcoin sales by Strategy (MSTR) beyond 2022, which total around $58 billion, there might be broader implications for the cryptocurrency market based on current trends. In his client communication, Kendrick highlighted the notable performance […]
Anthony Pompliano Indicates Bitcoin Sellers Are ‘Beginning To Feel Tired’ As BTC Drops Below $70,000 Following Late Monday Crash
Anthony Pompliano, the CEO of Professional Capital Management, mentioned on Monday that there seems to be selling pressure in the Bitcoin (CRYPTO: BTC) market, as indicated by on-chain data and insights from Binance Research. “Sustaining convictions of long-term holders.” In a video shared on X, Pompliano pointed out four important data points to back up […]