Billionaire investor Mark Cuban has sold the majority of his Bitcoin holdings, expressing disappointment that Bitcoin has not served as a dependable store of value or macroeconomic hedge. Cuban noted that while gold surged, Bitcoin's price dropped, contradicting his expectation of Bitcoin as a better version of gold. He also criticized memecoins as worthless, marking a shift from his earlier support of Dogecoin. Cuban's evolving stance reflects broader skepticism about Bitcoin's utility compared to other crypto assets like Ethereum, which he favors for its practical applications.
Bitcoin faced pressure with $2 billion withdrawn from US-listed spot Bitcoin ETFs, raising concerns of a drop below $75,000. Despite this, Bitcoin rebounded to around $77,000, supported by steady buyer demand indicated by the Coinbase Premium Index. ...
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 exp...
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Binance experienced a net outflow of $46.15 million in USDT within one hour, indicating more stablecoins were withdrawn than deposited.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 ...
