Tether (USDT) briefly overtook Ethereum in market capitalization during a recent market sell-off, becoming the second-largest cryptocurrency. Bloomberg's Mike McGlone predicts that Bitcoin could face a severe crash down to $10,000 due to a looming macroeconomic 'hangover' and rising interest rates aimed at controlling inflation. This shift reflects a broader trend of stablecoins gaining prominence as investors seek safer assets amid economic uncertainty. McGlone warns that the historic crypto bull run will likely be followed by a significant correction, influenced by changing political and economic conditions.
Bitcoin has recovered above $64,000 after dipping below $60,000, but faces pressure from Middle East tensions and the Federal Reserve's steady interest rates at 3.50%-3.75%. Inflation concerns and geopolitical risks weigh on sentiment, yet signs like...
Standard Chartered analyst Geoffrey Kendrick says recent selling pressure on Bitcoin and Strategy Inc. (MSTR) shares stems from market confusion over the company's shift from accumulating Bitcoin to using it as collateral for credit products like STR...
Nine AI models forecast Bitcoin's price for August 1, 2026, with eight clustering between $63,420 and $67,940, indicating a likely period of price consolidation rather than sharp moves. These models used various mathematical approaches considering re...
The crypto market cap rose about 1.2% to $2.28 trillion, with Bitcoin holding steady above $64,000 and most top coins posting modest gains. Improved sentiment follows Bitcoin's tough June, aided by renewed ETF inflows and easing fear in the market. A...
Patrick Shyu, a former engineer at Meta and Google, warns that Bitcoin is threatened by two major issues: the decline of miner incentives as new coin rewards diminish and the potential future risk from quantum computing breaking Bitcoin's cryptograph...
