Bitcoin dropped 2% to around $64,200 as major companies that once supported cryptocurrency are now shifting their focus to artificial intelligence (AI). This shift is causing institutional investors to sell bitcoin to free up liquidity or invest in AI-related trades, leading to a broader market decline of 2% and more coins falling than rising. The move by firms like Strategy and miners such as MARA, which have rebranded around AI, reduces corporate enthusiasm for bitcoin, potentially accelerating liquidations in the coming weeks. Bitcoin currently hovers just above its 50-day moving average, indicating a balance between sellers and buyers, with future price direction hinging on whether this support holds.
IBM's stock has dropped about 5% without new earnings reports, mainly due to delays in closing major mainframe and software deals expected by year-end. The company aims to meet its operating margin expansion target through productivity gains, despite...
Pi Network announced a partnership with Open Standard to explore integrating the stablecoin OUSD for payments and Pioneer rewards within its ecosystem. However, no live Mainnet integration or detailed product plans have been disclosed, leaving key qu...
SVRN, a company listed on Nasdaq, has acquired FastNEAR, a provider of RPC, archival, and data infrastructure services for the NEAR blockchain network. The acquisition marks SVRN's first operational business outside its asset-reserve operations. Fast...
Bitcoin's Seller Exhaustion indicator has surged sharply following a rebound that pushed Bitcoin's price above $85,000. This indicator, which measures the share of Bitcoin held at a profit combined with market volatility, signals increased selling pr...
Conflux (CFX) surged 10.31% within an hour on October 11, pushing its 24-hour gains to 29.36% as trading volumes increased to about $32.09 million. The price rose from $0.06015 to $0.06635 during the hourly spike, with the 24-hour range between $0.05...
