Bitcoin's recent price decline is due to several overlapping factors rather than a single cause, according to NYDIG's Greg Cipolaro. Key influences include competition for investment capital from the booming AI sector, anticipation of large tech IPOs like SpaceX, concerns over quantum computing threats, sanctions on Iranian crypto exchanges, and significant bitcoin sales by Strategy (MSTR). Despite these pressures, onchain data suggests bitcoin may be nearing a market bottom, though the decline so far is less severe than in past bear markets. The future price trend depends on whether institutional demand has fundamentally changed bitcoin's market cycles or if a deeper correction is still to come.
Turkey's lira has fallen to a record low near 48.8 per dollar, pushing bitcoin's price to about 3.95 million lira. Despite a high central bank rate of 37%, inflation remains above 31%, eroding real returns for savers. Turkish households increasingly ...
The U.S. Postal Service has released its Christmas Cookies Forever stamp collection, available nationwide. These stamps celebrate the tradition of holiday cookie baking, a practice rooted in winter solstice celebrations and popularized in the U.S. du...
The U.S. Postal Service has released its Christmas Cookies Forever stamps nationwide, featuring festive cookie designs like a Christmas tree, Santa's face, a present, and a stocking. These stamps celebrate the long-standing tradition of holiday cooki...
Tether minted $500 million worth of USDT on the Solana blockchain in less than 60 minutes, adding to Solana's existing $3.8-$4 billion USDT supply. This surge, alongside a simultaneous $250 million USDC mint by Circle on Solana, indicates strong dema...
Despite Federal Reserve rate hikes, a 5% yield on 10-year Treasury bonds, and rising gas prices, the S&P 500 declined only 0.1% over the week, showing market resilience. This stability is largely due to strong performance in Nasdaq and the Mag 7 tech...
