Bitcoin climbed above $64,000, marking the only major cryptocurrency with a notable daily gain while others slipped or stayed flat. Publicly listed bitcoin miners have reduced their computing power by 21% over three quarters to shift capacity towards AI infrastructure, reflecting weak mining economics and competition for resources. Venice, an AI platform, reported over $100 million in annualized revenue, boosting its VVV token by 10%. Meanwhile, oil prices surged above $91 a barrel amid geopolitical tensions, adding inflation concerns that pressured bonds and stocks. Bitcoin remains stuck between $62,000 and $65,000, with sellers controlling medium- and long-term trends until it breaks this range.
The total cryptocurrency market capitalization fell by 2.92% to $2.62 trillion as of midnight ET Monday, even though Bitcoin and four out of five other major cryptocurrencies posted gains. Bitcoin rose 0.77% to $78,420, Ether increased 1.17% to $2,29...
Bitcoin is currently 39% below its all-time high, with Ethereum down 55%, and meme coins like Dogecoin and TrumpCoin falling 90% to 99% from their peaks. In contrast, the S&P 500 is only about 3% below its record high, showing much smaller losses. Th...
U.S. spot Ether (ETH) exchange-traded funds experienced significant net outflows totaling $432 million over five trading days from October 26 to 30, marking the fifth consecutive week of outflows. During the same period, Bitcoin (BTC) spot ETFs saw $...
The FBI has attributed the Binance hack to the North Korean group TraderTraitor, revealing that about $242 million in stolen funds moved through the Tron blockchain over two days. The funds were primarily routed through decentralized finance platform...
Bitcoin (BTC) has closed above its 50-week moving average for the seventh consecutive week, maintaining a positive trend despite a recent hack that resulted in over $6 billion stolen from a cryptocurrency exchange. This marks an extension of a six-we...
