Bitcoin fell sharply by 5.6% to $67,400 amid a major shift of institutional capital from cryptocurrencies to artificial intelligence. This move follows Google's launch of an $80 billion AI fund, backed by Berkshire Hathaway, signaling one of the largest reallocations from digital assets to AI infrastructure. Crypto treasury inflows plummeted 95% in May, reflecting a liquidity drought and reduced buy-side pressure. The trend suggests a significant portfolio rebalancing by asset managers and corporate treasuries toward AI, putting pressure on crypto prices and testing Bitcoin's support levels.
Institutional investors pulled nearly $1.5 billion from Bitcoin and Ethereum last week, with Bitcoin alone seeing $1.438 billion in outflows, reflecting a broad market de-risking amid volatility. However, XRP bucked this trend, attracting $20.3 milli...
Cryptocurrency markets saw a broad decline, with Bitcoin dropping more than 5% to around $67,513 and Ethereum falling over 2%. Many altcoins also experienced losses, including XRP, ADA, and SOL, while a few tokens like ZEC and LAB showed notable gain...
Bitcoin is undergoing an identity crisis, losing its appeal as both a store of value and speculative asset, while decentralized finance (DeFi) quietly grows despite ongoing security exploits. Solstice Labs CEO Ben Nadareski urges DeFi developers to a...
Perpetual futures, originally a crypto trading tool, are evolving into a broader market product covering commodities, equities, and private markets. Platforms like Hyperliquid are pioneering this shift by offering perpetual futures on commodities and...
Bitmine Immersion's Tom Lee views Strategy's recent sale of 32 bitcoins and an 11-day $3.4 billion outflow from U.S. spot bitcoin ETFs as typical signs of a market bottom rather than bearish signals. Strategy's sale, a tiny 0.004% of its 843,700 BTC ...
