The S&P 500 achieved its longest weekly winning streak since 2023, rising nearly 20% from March lows, supported by hopes of a U.S.-Iran ceasefire extension. Brent crude stabilized near $92 a barrel, and Treasuries recovered some losses. However, major cryptocurrencies like bitcoin and ether fell 2-6% due to reduced spot bitcoin ETF inflows, despite the positive macro environment. Smaller tokens such as Hyperliquid's HYPE surged nearly 20%, while BNB and XRP posted modest gains. The macro rally remains fragile, dependent on progress in U.S.-Iran negotiations and President Trump's final approval of the ceasefire deal.
Venture capitalist Andrew Gault highlights that Bitcoin's biggest quantum risk is not its wallet keys but the encrypted authentication data exchanged between financial institutions today. Adversaries are collecting this data now to decrypt it later w...
The upcoming wave of major tech IPOs, including companies like Databricks and Klarna, is expected to attract significant investor capital, potentially reducing liquidity in Bitcoin markets. This trend is reflected in Q2 performance, where U.S. equiti...
The cryptocurrency market is showing signs of bearish pressure as major assets like Bitcoin, Ethereum, and XRP struggle to maintain momentum and key support levels. Bitcoin has fallen below key moving averages and faces potential deeper correction if...
BlackRock clients reportedly sold $177.95 million worth of Bitcoin, raising concerns about institutional risk reduction amid volatile price action. Despite this, Bitcoin saw net outflows of $17.31 million from exchanges, suggesting ongoing accumulati...
Bitcoin surged past $74,000 on May 29 after briefly dropping to a multiweek low of $72,395. The rebound followed reports of a tentative U.S.-Iran agreement to reopen the Strait of Hormuz, a key shipping route for 20% of the world's crude oil. This ne...
