Billionaire Mark Cuban has sold most of his Bitcoin holdings, stating it failed as a hedge against fiat currency weakness and geopolitical tensions. He noted that unlike gold, which surged during the U.S.-Iran conflict, Bitcoin did not perform as expected when the dollar weakened. Cuban still sees value in Ethereum for its utility but criticized meme coins and speculative tokens. His shift reflects growing skepticism about Bitcoin's role as a reliable safe haven asset.
Michael Saylor stated on CNBC that Bitcoin is expected to deliver about 30% annual returns, significantly outperforming the S&P 500's long-term average of around 10%. He reiterated his $13 million Bitcoin price target for 2045, supported by instituti...
Binance experienced a net outflow of $46.15 million in USDT within one hour, indicating more stablecoins were withdrawn than deposited. This movement may reflect traders reallocating capital to other platforms or DeFi protocols rather than exiting cr...
Cryptocurrency prices display varied changes, with Bitcoin holding steady around $77,567 and Ethereum slightly down near $2,136. Several altcoins such as NEAR and HYPE show significant gains, rising over 9% and 11% respectively, indicating selective ...
Billionaire investor Mark Cuban has sold most of his Bitcoin holdings after the cryptocurrency failed to act as a hedge during a period of dollar weakness and geopolitical tension, unlike gold which surged. Cuban criticized Bitcoin for not fulfilling...
Deribit's Bitcoin options open interest reached $31.3 billion on May 21, overtaking BlackRock's IBIT at $27 billion. Ahead of a $6.25 billion options expiry on May 29, the market shows a modestly bullish put/call ratio of 0.86, with a key max pain pr...
