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.
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
Economist Peter Schiff predicts Bitcoin's price could fall to as low as $20,000, citing resistance near $65,000 and support around $58,000. He criticized Strategy (formerly MicroStrategy) for raising $450 million through stock issuance instead of usi...
Elon Musk's net worth fell below $1 trillion after SpaceX's stock plunged about 40% from its peak, dropping the company's valuation from $2.9 trillion to under $1.6 trillion. The stock, which surged to $225 after its IPO, has fallen below its initial...
Bitcoin fell below $65,000 following Iran's rejection of renewed peace talks with the US, intensifying geopolitical risks. Despite former President Trump's claim that Iran sought a deal, Iran's Foreign Ministry confirmed no plans for negotiations, pr...
