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 S&P 500 fell 0.52% on Monday, retreating from recent record highs, while Bitcoin surged over 2% to surpass $64,000. Investors are cautious ahead of the Federal Reserve's July meeting minutes due Wednesday, which could signal future rate hikes or ...
Bitcoin surged past $64,000, approaching $65,000 resistance, prompting skeptic Peter Schiff to urge holders to sell before potential declines. Schiff, a longtime Bitcoin critic, favors gold and silver, which are also rising. The rally is supported by...
Fundstrat Global Advisors predicts Bitcoin will experience significant price swings of 30% or more, continuing its history of volatility. The firm’s co-founder Tom Lee sets a long-term price target between $200,000 and $250,000 by 2026, while near-te...
Capital B has steadily increased its Bitcoin treasury to over 3,145 BTC by making small, incremental purchases rather than large one-time buys. This cautious strategy helps manage market volatility and reflects confidence in Bitcoin's long-term value...
A Bitcoin address that had been inactive since June 2011 suddenly moved 8.54 BTC, now worth about $538,000, marking a gain of approximately 461,981% from its original value. The wallet's activation is notable as it dates back to the early days of Bit...
