Billionaire investor Mark Cuban has sold most of his bitcoin holdings after concluding that bitcoin did not perform as a hedge against a weakening dollar and geopolitical instability, particularly during the recent Iran conflict. Cuban noted that while gold prices surged amid these tensions, bitcoin's price fell, contradicting his previous belief that bitcoin was a superior version of gold. He expressed disappointment in bitcoin's performance but remains more optimistic about Ethereum, dismissing most other cryptocurrencies as "garbage." This shift highlights ongoing debates about bitcoin's role as "digital gold" and its effectiveness as a safe-haven asset during market turmoil.
Cryptocurrency markets display varied price changes, with Bitcoin trading around $77,818, slightly up by 0.41%. Ethereum and Binance Coin also see modest increases, while some altcoins like HYPE and SUI experience significant gains of over 6%. These ...
Bitcoin failed to maintain the $78,000 level on May 21, falling to just above $77,000 and erasing recent gains. This decline was driven by persistent outflows from spot bitcoin ETFs and a 0.3% price drop that triggered $44.3 million in liquidations. ...
Crypto analyst Michaël van de Poppe warns that Bitcoin could sharply decline if it fails to maintain support above $74,000. The market shows weakness with five days of losses and no momentum, and a key resistance zone at $79,100 remains unbroken. If ...
Wedbush analyst Dan Ives explains that capital is shifting from Bitcoin to AI stocks because investors see greater potential returns in AI, driven by chip makers, cloud companies, and AI software firms. This shift represents a once-in-a-century inves...
Rep. Nick Begich introduced the American Reserve Modernization Act (ARMA) to legally establish a US Strategic Bitcoin Reserve, locking federally held Bitcoin for at least 20 years. The bill allows the Treasury to buy up to 200,000 BTC annually for fi...
