SpaceX's market value dropped by over $600 billion, about 23%, in three days following its announcement of a $20 billion bond sale to fund AI expansion linked to its xAI acquisition. This sharp decline, nearly half of bitcoin's $1.3 trillion market cap, was amplified by SpaceX's thin trading float and investor skepticism about big tech's AI spending. Meanwhile, bitcoin's price remained stable near $63,600 with less than a 1% drop, supported by easing inflation pressures from cheaper oil due to progress in U.S.-Iran talks. The contrasting moves highlight the volatility in tech stocks versus the relative steadiness of bitcoin amid mixed market signals.
Over $122 million in long liquidations hit crypto markets in the last 24 hours, mainly affecting Bitcoin and Ethereum, signaling a risk reset as traders unwound leveraged bullish bets. Despite this, Bitcoin held steady and gained 0.40%, increasing it...
Bitcoin's futures market saw a significant 19.5% drop in Open Interest from $26 billion to $20.89 billion in June, outpacing the 11.4% price decline. This suggests traders are reducing leveraged positions, leading to a healthier market structure with...
Binance recorded a net inflow of approximately $170 million in USDT stablecoins over a 24-hour period, indicating a significant rise in stablecoin deposits to the exchange. This inflow suggests increased deployable capital on Binance, potentially for...
Bank of America now expects the Federal Reserve to raise interest rates three times in 2026, totaling a 75 basis point increase. This shift from earlier views signals a more hawkish Fed stance to combat inflation, which could reduce liquidity and wei...
Cryptocurrency prices are fluctuating with Bitcoin trading above $64,400, up 1.11%, and Ethereum around $1,734, up 0.86%. Several altcoins show mixed performance, with some like LAB and DEXE experiencing significant gains of over 20%, while others li...
