The launch of Kimi K3 by Chinese AI startup Moonshot AI triggered a selloff in semiconductor stocks and risk assets, causing Bitcoin to fall below $64,000. The new AI model raised concerns about US chipmaker valuations, impacting tech stocks and spreading weakness to cryptocurrencies like Ethereum, Solana, and XRP. Bitcoin remains stuck below its June high, closely tied to tech market sentiment, while the Crypto Fear and Greed Index signals fear. Investors now await the upcoming Federal Reserve meeting, which could influence Bitcoin's next move depending on the Fed's rate decision and guidance.
Bitcoin's Coinbase Bitcoin Premium Index has remained negative for 90 days, indicating that Bitcoin trades at a lower price on Coinbase compared to Binance. This sustained negative premium reflects ongoing selling pressure in the US market, despite B...
Solana's network added $378.2 million in tokenized U.S. Treasury bills over the past month, exceeding Ethereum's $272.2 million increase by about $106 million. Despite this strong growth in tokenized assets, Solana's price has weakened, trading near ...
This week is crucial for Bitcoin and XRP as four major events could influence their prices. President Trump will meet crypto leaders and US regulators, including SEC and CFTC heads, to discuss crypto regulation, particularly the stalled Digital Asset...
Investment advisor Ross Gerber criticized Bitcoin's practical use, arguing that gold remains easier to use in daily transactions despite Bitcoin's promises as a global payment system. He also highlighted a shift in Bitcoin mining, with miners focusin...
Bitcoin dropped from over $65,000 to just above $63,200 last week, influenced by Strategy's sale of 1,690 BTC. This decline led to a broader market pullback, with major altcoins like ADA and XRP also falling significantly. However, some tokens like C...
