Bitcoin Nosedives as a Socialist Prepares to Take Over New York City and Fears of an AI Bubble Spark a Sell-Off in Stocks
The cryptocurrency plunged below $100K, triggering $470 million in liquidations, as long investors racked up the lion's share of losses. Markets in Turmoil: AI Fears and a Socialist NYC Sink Bitcoin and Stocks “A dip below 100k seems inevitable,” said Standard Chartered Bank's Geoffrey Kendrick just a few days ago.
Crypto market bleeds $300b as Bitcoin dips below $100k
The U.S. dollar's rise to a four-month high against the euro likely signals a "risk-off" environment, reducing demand for crypto market assets like Bitcoin
Bitmine Nears 3% of ETH Supply as Holdings Reach 3.4 Million Tokens
Bitmine has expanded its ethereum position to 3.4 million ETH, bringing its total crypto and cash holdings to $13.7 billion. The company now owns 2.8% of the total ETH supply, marking a key milestone in its long-term goal to reach 5%. $13.
Bitcoin crashes below $101K: 72% of traders go long while whales dump
Bitcoin plunged to $100,915, breaking the psychological $101K level. But market structure data shows retail traders stubbornly buying while whale volume skews bearish.
Why Bitcoin lost the $100k floor: Everything that happened in crypto today
Bitcoin traded at $100,640.15 as of press time, down 5.6% in the past 24 hours, after briefly losing the $100,000 price threshold on Binance futures for the first time since June 23.
XRP Slips to $2.25; Death-Cross Risk Builds After Whale Selling
XRP extended its decline Tuesday, dropping 6% to $2.25 as whale selling and a clean trendline break accelerated downside momentum. The move—paired with a 15% open-interest drop—keeps pressure on bulls ahead of a looming death-cross setup and a key $2.20 support retest.
Hut 8 joins rank of top 10 largest public bitcoin holders with over 13,000 BTC
The bitcoin miner posted its quarterly report on Tuesday, showing its BTC stockpile grew by over 50% from Q3 2024.
Bitcoin treasury firm Sequans sells 970 BTC to reduce debt
Bitcoin treasury firm Sequans sold 970 BTC to reduce debt, says it remains committed to long-term accumulation.
Microsoft Secures $9.7B AI Hosting Deal With Texas Bitcoin Miner IREN
TL;DR Microsoft signed a $9.7 billion deal with IREN to convert 200 MW of Bitcoin mining capacity into AI computing power. The contract includes a $1.9 billion upfront payment and an additional $5.8 billion agreement with Dell to supply Nvidia GB300 systems for the new data centers.
MARA posts record $123 million profit by pairing bitcoin operations with new power and AI assets
MARA is deepening its shift from pure bitcoin mining toward energy ownership and AI-focused infrastructure, mirroring broader sector trends.
Bitcoin Treasury Firm Bubble Comes Full Circle as Sequans Unloads BTC to Cut Debt
In what may be the start to putting in a bottom in the crypto sell-off or the harbinger of more brutality to come, or both, Paris-based Sequans (SQNS) became the first of this year's hastily-formed bitcoin treasury companies to unload some its BTC stack.
Ripple Acquires Wallet Tech Firm Palisade To Enhance Its Institutional Custody And Payments Business
Ripple's extremely impressive mega-purchases streak continued on Monday with the company acquiring crypto wallet technology firm Palisade.
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