Bitcoin has dropped below $60,000 for the first time since October 2024, facing a 20% decline this week due to a shift in buying behavior and investor concerns over rate hikes.
Bitcoin experiences a slight recovery after Trump's announcement, but is on track to close May with losses. Meanwhile, SoFi shares surge following the launch of a new stablecoin.
Bitcoin has dropped below $60,000 for the first time since October 2024, facing a 20% decline this week due to a shift in buying behavior and investor concerns over rate hikes.
During a congressional hearing, OCC chief Jonathan Gould stated that the only political pressure influencing the decision on World Liberty Financial's bank charter application comes from Democrats, not President Trump. This statement was made in response to questions about the appropriateness of a Trump appointee's involvement in the process.
The Brussels-based digital asset services firm plans to purchase BlockFills months after the Chicago-based company filed for Chapter 11 bankruptcy, if a court approves.
Saylor's Approach has divested from bitcoin for the first time since 2022, prompting a significant shift in the digital asset treasury landscape, while a few firms continue to invest amid changing market conditions.
JPMorgan's Jamie Dimon has escalated his criticism of Coinbase's Brian Armstrong, warning that the CLARITY Act could fail without addressing banks' concerns over stablecoin regulations. The clash over stablecoin rewards is becoming a significant barrier to legislative progress.
The U.S. jobless claims saw an unexpected rise ahead of the upcoming employment report, which could impact interest rate trends. Economists forecast a modest job addition in May, while the unemployment rate is anticipated to remain stable.
Reza Bundy, CEO of Atlas Capital and partner of Nouriel Roubini, forecasts a potential 70% drop in bitcoin over the next six months, but expects it to rebound to a range of $150,000 to $500,000 in the long run.
Bitcoin has dropped below $60,000 for the first time since October 2024, facing a 20% decline this week due to a shift in buying behavior and investor concerns over rate hikes.
Reza Bundy, CEO of Atlas Capital and partner of Nouriel Roubini, forecasts a potential 70% drop in bitcoin over the next six months, but expects it to rebound to a range of $150,000 to $500,000 in the long run.
Major losses continue for BTC, ETH, SOL, and XRP ETFs, with a staggering $4.4 billion in outflows over the past 13 days, while Hyperliquid's HYPE ETFs remain a rare bright spot amid the downturn.
Apyx's apxUSD stablecoin briefly dipped to 93 cents amid bitcoin's decline, with the protocol asserting that such volatility is an expected feature rather than a bug.
Bitcoin ETFs have faced an unprecedented selloff totaling $3.4 billion, marking the longest redemption streak as AI stocks continue to rise. Investor interest in AI and semiconductor stocks has led to significant outflows from bitcoin funds.
As the landscape of digital currencies evolves, advisors must reassess crucial due diligence questions regarding cash management, regulatory assumptions, and AI's role in crypto transactions.
Nathan Fuller faces allegations from the SEC for raising $12.3 million through a fraudulent crypto scheme that falsely claimed the use of AI trading bots. The charges include misappropriation of funds and misleading investors with fabricated statements.
Michael Saylor argues that the recent decline in bitcoin is due to a capital shift towards AI investments, countering bearish claims that the cryptocurrency is fundamentally flawed.
Strategy's recent $2.5 million bitcoin sale highlights its transformation from a leveraged holder to a complex financial entity, raising questions about future sales in its evolving operational model.
The Brussels-based digital asset services firm plans to purchase BlockFills months after the Chicago-based company filed for Chapter 11 bankruptcy, if a court approves.
Rep. French Hill, chair of the House Financial Services Committee, discussed the committee's focus on tokenization and its implications for cryptocurrency legislation in a recent interview with Decryptnews.