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Bitcoin faces key $65K resistance with major selloffs expected, says skeptic Peter Schiff.

Market News
18 Aug 2026
Bitcoin
View Source
Bearish
pluang ai news

Bitcoin has been trading between $58,000 and $65,000 since early July, holding steady despite volatility. Bitcoin skeptic Peter Schiff highlights $65,000 as a critical resistance level, warning of potential major selloffs if it fails to break through. Schiff, who favors gold, has urged selling bitcoin and related assets, citing gold's rally as a bearish signal for bitcoin. The market awaits a decisive move above $65,000 to signal a possible new uptrend, while institutional interest and technical levels remain key factors to watch.

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Bicara Therapeutics advances cancer drug trial with strong cash to fund operations through 2029

Bicara Therapeutics advances cancer drug trial with strong cash to fund operations through 2029

Bicara Therapeutics is progressing its Phase 3 trial of ficerafusp alfa for head and neck cancer, expecting interim results by mid-2027 that could support accelerated approval. The company holds nearly $500 million in cash and securities, funding ope...

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Bullish
2 hours ago
Mercury Systems posts strong Q4 revenue and record bookings despite slight EPS miss

Mercury Systems posts strong Q4 revenue and record bookings despite slight EPS miss

Mercury Systems reported a Q4 EPS of $0.37, slightly below analyst estimates of $0.38, but exceeded revenue expectations with $289.78 million, a 6.1% increase year-over-year. The company showed robust demand with record bookings of $660 million and a...

Company Fundamentals
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Fintech, leveraged ETFs, and AI stocks plunge amid outlook cuts and sector sell-offs

Fintech, leveraged ETFs, and AI stocks plunge amid outlook cuts and sector sell-offs

Klarna shares dropped 22.81% after cutting its earnings outlook and announcing leadership changes, raising investor concerns. Fabrinet's stock fell 19.38% despite strong quarterly results due to a broader sell-off in AI infrastructure stocks. Leverag...

Market News
Bearish
2 hours ago
ProPhase Labs leads stock surge with 506% gain after reverse stock split announcement.

ProPhase Labs leads stock surge with 506% gain after reverse stock split announcement.

ProPhase Labs' stock soared 506.62% to $27.48 following a 1-for-4 reverse stock split aimed at consolidating shares and boosting price per share. Other notable gainers include Inpixon (+113%), Super League Gaming (+82%) after a major Bitcoin investme...

Company Fundamentals
Bullish
2 hours ago
American Airlines reintroduces seatback entertainment and adds premium seats to attract high-spending travelers.

American Airlines reintroduces seatback entertainment and adds premium seats to attract high-spending travelers.

American Airlines is bringing back seatback entertainment screens and adding premium seats to its narrowbody jets starting in 2028. This move responds to traveler demand, especially from younger passengers, and aims to close the profit gap with compe...

Market News
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