Crypto asset prices retraced this week, but the spot market is faring better than most digital asset treasury companies, which have lost over 90% of their value in some cases due to market saturation and investor concerns over the sustainability of the digital asset treasury business model. Strategy, the largest Bitcoin (BTC) treasury company, is … Read more
Native token of oracle network LINK$20.95 has sunk to its weakest price since early August, giving up past weeks’ gains amid broader crypto market weakness. LINK dipped briefly below $20 multiple times overnight from Thursday to Friday, declining around 4% over the past 24 hours and down nearly 28% from the August highs. The move … Read more
Key points: Bitcoin sellers attempt to break support at $109,000 at the week’s final Wall Street open. BTC price action can head toward $100,000 as a result, despite a large “deleveraging” event. US PCE inflation offers no relief for crypto bulls. Bitcoin (BTC) threatened new September lows at Friday’s Wall Street open as US inflation … Read more
Crypto markets modestly bounced on Friday with BTC$109,271.26 back above $110,000. Ethereum’s ETH$4,024.96 outperformed with a 3.8% gain to cross $4,000, while DOGE$0.2314 rose 3.4% and SOL$200.54 added 2.5%. The cautious bid came as fresh inflation data landed squarely in line with forecasts. The Fed’s preferred measure of prices, the Personal Consumption Expenditures (PCE) index, … Read more
Key points: Bitcoin sellers attempt to break support at $109,000 at the week’s final Wall Street open. BTC price action can head toward $100,000 as a result, despite a large “deleveraging” event. US PCE inflation offers no relief for crypto bulls. Bitcoin (BTC) threatened new September lows at Friday’s Wall Street open as US inflation … Read more
The United Nations leaned into blockchain technology to overhaul its own pension system, and a study of that process concluded the innovation is the “ultimate technology for digital identity verification,” which has spurred the UN toward extending the system and sharing it with other international groups. The UN — which has explored various blockchain uses … Read more
Key points: Bitcoin sellers attempt to break support at $109,000 at the week’s final Wall Street open. BTC price action can head toward $100,000 as a result, despite a large “deleveraging” event. US PCE inflation offers no relief for crypto bulls. Bitcoin (BTC) threatened new September lows at Friday’s Wall Street open as US inflation … Read more
Tech-focused investment companies SoftBank and Ark Invest are among the firms in early stage talks to invest in Tether, issuer of the world’s largest stablecoin USDT (USDT), Bloomberg reported on Friday. The report follows this week’s news about Tether looking to raise up to $20 billion in a fundraising round that would value the firm … Read more
Key points: Bitcoin sellers attempt to break support at $109,000 at the week’s final Wall Street open. BTC price action can head toward $100,000 as a result, despite a large “deleveraging” event. US PCE inflation offers no relief for crypto bulls. Bitcoin (BTC) threatened new September lows at Friday’s Wall Street open as US inflation … Read more
Riot Platforms (RIOT) picked up back-to-back upgrades from Wall Street on Friday, with JPMorgan and Citigroup both raising their outlooks on the bitcoin miner amid changing industry economics and a shift toward high-performance computing. JPMorgan boosted Riot to overweight from neutral and raised its price target to $19 from $15, calling it the most attractive … Read more