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.
Bitcoin has twice defended the $81,500 cost basis level associated with U.S. spot ETF investors despite $746 million in recent net outflows from these funds. This level, once resistance, now acts as a key support, indicating institutional investors m...
Legendary investor Paul Tudor Jones warns that 2027 could be very challenging for US stocks due to a surge in new share supply from AI companies like Anthropic and OpenAI. This increase in stock issuance contrasts with previous years where buybacks s...
Bitcoin has been consolidating above $80,000 but lacks strong momentum to confirm a bottom, with $75,000 as a key support level representing the short-term holders' cost basis. Recent activity shows many short-term holders are taking profits, and dor...
Bitcoin's price paused near $88,000 after long-term holders who bought during the 2025 rally sold heavily, especially as it approached resistance around $85,000 to $87,000. This selling pressure, combined with $487 million in ETF redemptions and over...
Bitcoin rose 2.24% to $83,591 after dipping to $80,953, maintaining a higher low that supports an uptrend. Market sentiment has cooled from August's extreme greed to a neutral level, reflecting cautious optimism among traders. Bitcoin ETFs saw net ou...
