Crude oil prices fell sharply by nearly 11% following a pause in US-Iran military strikes and resumed diplomatic talks, easing inflation concerns. This drop reduces pressure on the Federal Reserve to hike interest rates, leading to a weaker dollar and improved liquidity. As a result, Bitcoin surged above $65,000 and Ether reached a two-month high near $2,000. However, the ceasefire is fragile without a formal agreement, and the upcoming Federal Reserve meeting will be crucial in determining if this relief rally in crypto continues or fades.
Macro investor Jordi Visser says the phase of easy, large returns from AI stocks is ending, signaling a shift in investment opportunities. While AI remains important, future gains will depend on companies with strong infrastructure and competitive ad...
A state-backed Shanghai company has started producing advanced lithography machines, breaking the Dutch company ASML's monopoly. This development rattled AI and semiconductor stocks and dragged down the S&P 500, reflecting concerns over US-led chip e...
Michael Saylor's firm, Strategy, has paused its regular Bitcoin purchases for over a month to focus on increasing its cash reserves. The company recently added $525 million to its U.S. dollar holdings, bringing total cash to $3.75 billion, enough to ...
Ethereum's value relative to Bitcoin has risen to its highest point in three months, with the ETH/BTC ratio reaching 0.03 on July 27. Over the past month, Ethereum gained about 24%, significantly outperforming Bitcoin's 8% gain. This shift indicates ...
ChatGPT predicts Bitcoin's price will reach $145,000 by the end of 2024, suggesting a 122% increase from current levels around $65,060. Looking further ahead to December 31, 2026, it forecasts a new all-time high with a weighted probability approach:...
