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 2.60% to $2.82 trillion on October 13, even as Bitcoin's price increased slightly by 0.48% to $83,404. This decline reflects ongoing weakness in many major digital assets, with Ether down 0.18%, ...
Bitcoin has twice defended the $81,500 cost basis level associated with U.S. spot ETF investors despite $746 million in recent net outflows from these funds. This level, once resistance, now acts as a key support, indicating institutional investors m...
Legendary investor Paul Tudor Jones warns that 2027 could be very challenging for US stocks due to a surge in new share supply from AI companies like Anthropic and OpenAI. This increase in stock issuance contrasts with previous years where buybacks s...
Bitcoin has been consolidating above $80,000 but lacks strong momentum to confirm a bottom, with $75,000 as a key support level representing the short-term holders' cost basis. Recent activity shows many short-term holders are taking profits, and dor...
Bitcoin's price paused near $88,000 after long-term holders who bought during the 2025 rally sold heavily, especially as it approached resistance around $85,000 to $87,000. This selling pressure, combined with $487 million in ETF redemptions and over...
