Bitcoin's price dropped about 14% last week, hovering near $63,000, as investors await SpaceX's public offering on June 12, seen as a key market indicator. The IPO's reception may signal risk appetite shifts affecting both crypto and equities. Meanwhile, Tether's stablecoin dominance surged 13.55%, reflecting a move toward safer assets, though its total market cap slightly declined, indicating some capital exiting crypto altogether. US equity futures rose on AI enthusiasm, with major IPOs from AI firms also anticipated this year.
Bitcoin recovered from a recent dip near $59,000 to trade above $62,000, briefly testing resistance at $64,156. The recovery is fragile due to weak demand and awaits confirmation from stronger futures market participation and upcoming US inflation re...
Arthur Hayes, co-founder of BitMEX, argues that rapid AI spending has absorbed liquidity that might have otherwise flowed into Bitcoin and other cryptocurrencies. His family office, Maelstrom, recently sold several altcoins including HYPE, NEAR, WLD,...
London BTC Company Ltd has secured 111 mineral claims covering 2,293 acres at the Huntington-Whitman Gold-Silver Project in Nevada, marking its first US gold project. This move is part of the company's strategy to build hard-asset gold exposure along...
Strategy purchased 1,550 BTC for about $101 million, increasing its total Bitcoin holdings to 845,256 BTC, shortly after selling a small amount last week. This move comes as Bitcoin's Long-Term Holder MVRV ratio dropped to 1.26, indicating modest unr...
Bitcoin slipped below $63,000 as markets reacted to expanding U.S. regulatory oversight by the CFTC, net outflows from Solana ETFs, and rising malware risks targeting macOS crypto wallets. The CFTC is increasing staff to handle growing crypto regulat...
