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.
Investment firm VanEck forecasts Bitcoin may reach $500,000 within 5 to 10 years, driven by its potential to capture half of gold's market cap. Analysts highlight Bitcoin's strong recent performance, outperforming gold and the S&P 500, and growing in...
Bitcoin holders realized $1.115 billion in losses within 24 hours as short-term holders moved 36,600 BTC to exchanges below their cost basis, pushing Bitcoin's price down to $76,400. Analyst Doctor Profit identified $76,000 as a critical support leve...
Eleven major cryptocurrency transfers totaling $1.72 billion occurred within three hours on Nov. 2, including a $239.7 million Tether transfer from Binance to an unknown wallet. Other significant moves involved Bitcoin, Ether, and USD Coin shifting b...
Bitcoin experienced $15.06 million in long liquidations within one hour as its price fell by 0.65%, dropping from $77,470 to $76,969. This data, collected from Binance, Bybit, and OKX exchanges, shows that all liquidations were on the long side, with...
The US midterm elections on November 3 will determine control of the House and Senate, influencing the fate of key crypto legislation like the CLARITY Act. Markets largely expect Democrats to retain the House and possibly the Senate, pricing in limit...
