Major cryptocurrencies fell this week as investors favored AI-related stocks, with Dogecoin and Hyperliquid's HYPE dropping about 10%. Bitcoin was more resilient, dipping 5.3% but quickly rebounding from lows near $58,000 due to aggressive buying. Crypto faces pressure from US bitcoin ETF outflows, a hawkish Federal Reserve, and a strong dollar, while stock markets rotate away from chipmakers into broader growth sectors. Despite risk appetite in equities, crypto is not benefiting from the current market optimism.
Dogecoin has continued its downtrend, falling 4% recently and trading 90% below its five-year high. Technical indicators show a bearish market structure, with price breaking below key support levels and the 200-day moving average. However, a TD Seque...
Elon Musk introduced X Money, a new financial service offering savings accounts, instant payments, and Visa debit cards with no foreign transaction fees. The platform aims to compete with fintech services like Venmo and Cash App, providing FDIC insur...
U.S.-listed altcoin ETFs experienced mostly flat net flows on June 25, with notable outflows concentrated in Solana and Hyperliquid ETFs. Solana's outflows were driven by redemptions in Bitwise’s BSOL fund, while Hyperliquid saw declines in two of it...
Bitcoin slipped below $60,000, trading around $59,586 after a US inflation report showed higher-than-expected Personal Consumption Expenditures, signaling prolonged Fed interest rate hikes. This triggered a $1.48 billion crypto liquidation, dragging ...
Strategy (MSTR) faces over $13 billion in unrealized losses on its bitcoin holdings, exceeding the market value of many well-known cryptocurrencies like dogecoin, Monero, Cardano, and Chainlink. This massive paper loss highlights the risks of concent...
