Bitcoin is trading near the critical $60,000 level, but the bigger concern is Strategy's (Michael Saylor's company) loss of its Bitcoin premium. Previously, Strategy's premium allowed it to raise capital and buy more Bitcoin, fueling bullish momentum. Now, with Strategy's valuation below its Bitcoin holdings' value, raising funds becomes less attractive and may dilute shareholders. This shift weakens a key psychological support for Bitcoin, making the market cautious. The next major price test is holding $60,000; failure could push Bitcoin toward $55,000 or lower. The market is watching whether Strategy can maintain its role amid this pressure, as its future buying power and the bullish narrative depend on Bitcoin's recovery.
Jim Rickards, a former CIA financial advisor, highlights that the current AI industry is consuming more capital and energy than the 1990s internet boom. With nearly $5 trillion expected to be spent on AI data centers in the U.S. alone, the AI buildou...
Wall Street analysts remain cautious but optimistic about Lucid Group's stock, with an average 12-month price target of $9.75, implying a 64.7% upside from its current $5.92 price. The consensus rating is 'Hold,' reflecting mixed views amid concerns ...
This week features a light earnings calendar with Nike leading reports amid mixed analyst views and execution challenges. The June employment report, due Thursday, is crucial as strong job growth could push the Federal Reserve to tighten monetary pol...
Bitcoin and Ether fell to new lows for 2026 following a broad selloff in tech stocks driven by concerns over AI industry costs and speculative profits. This tech weakness spilled over into crypto markets, with significant ETF outflows exceeding $7 bi...
MicroStrategy, led by Michael Saylor, faces a $13 billion unrealized loss on its 847,363 Bitcoin holdings due to the average purchase price of $75,653 against the current $60,000 market price. This loss has caused the company's market cap to fall 43%...
