Galaxy Digital CEO Mike Novogratz warns that MicroStrategy's recent sale of 32 Bitcoin, its first since 2022, shattered the long-held belief that the company would never sell. Although the sale was small relative to MicroStrategy's total holdings of about 844,000 BTC, it triggered a broader market selloff by undermining investor confidence amid $14 billion in unrealized losses. This event, combined with ETF outflows and a strong US dollar, pushed Bitcoin prices down to critical support levels around $59,000 to $60,000. Investors should watch if this sale signals a shift in MicroStrategy's strategy, as further liquidations could intensify market declines.
Jim Rickards, a former CIA financial advisor, highlights that the current AI industry is consuming more capital and energy than the 1990s internet boom. With nearly $5 trillion expected to be spent on AI data centers in the U.S. alone, the AI buildou...
This week features a light earnings calendar with Nike leading reports amid mixed analyst views and execution challenges. The June employment report, due Thursday, is crucial as strong job growth could push the Federal Reserve to tighten monetary pol...
Bitcoin and Ether fell to new lows for 2026 following a broad selloff in tech stocks driven by concerns over AI industry costs and speculative profits. This tech weakness spilled over into crypto markets, with significant ETF outflows exceeding $7 bi...
MicroStrategy, led by Michael Saylor, faces a $13 billion unrealized loss on its 847,363 Bitcoin holdings due to the average purchase price of $75,653 against the current $60,000 market price. This loss has caused the company's market cap to fall 43%...
Bitcoin is trading near the critical $60,000 level, but the bigger concern is Strategy's (Michael Saylor's company) loss of its Bitcoin premium. Previously, Strategy's premium allowed it to raise capital and buy more Bitcoin, fueling bullish momentum...
