The price of Bitcoin wavered Friday as a stock market selloff intensified on Wall Street, and the tech-heavy Nasdaq slid into a market correction after a weaker-than-expected U.S. jobs report. As of this writing, the Nasdaq was set to close 10% below its record peak last month, falling 2.9% on the day. Meanwhile, the S&P 500 and Dow Jones Industrial…
The sell-off in the global stock markets is casting a bearish shadow on the cryptocurrency markets, signaling near-term weakness. Source: https://cointelegraph.com/news/price-analysis-8-2-btc-eth-bnb-sol-xrp-doge-ton-ada-avax-shib?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
CleanSpark announced it increased its treasury holdings by 567% when compared to the same period last year. Source: https://cointelegraph.com/news/mining-company-cleanspark-sold-only-2-54-bitcoin-july?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Gold has never been more expensive. On Friday, the spot price of gold went above $2,500 for the first time in history. And now the cryptocurrency market finds itself at a critical juncture, with Bitcoin’s claim as “digital gold” facing its most significant challenge yet. The precious metal’s rally has reignited debates about safe-haven assets in the digital age, forcing…
Winning over the $3.75 trillion financial advisory firm is a historic milestone for crypto. Source: https://cointelegraph.com/news/morgan-stanley-wealth-managers-blackrock-fidelity-bitcoin-etfs-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
It’s layoff season again as big tech and the semiconductor industry fail to meet investor expectations. Source: https://cointelegraph.com/news/tech-stocks-plummet-intel-nosedives-nvidia-faces-antitrust-probe-amazon?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Cryptocurrency exchange Bybit has announced its exit from the French market, citing increasing regulatory pressures from French authorities. The Autorité des Marchés Financiers (AMF) had previously issued a warning against Bybit, advising investors to avoid trading on the platform. Starting August 2, 2024, Bybit will restrict French users’ accounts to “close-only” mode, allowing them only […] Source: https://news.bitcoin.com/bybit-exits-french-market-amid-regulatory-pressures/
Grayscale Investments disclosed Friday that its flagship Bitcoin fund has shed more than 348,000 Bitcoin in its past two quarters as investors bail for other funds. That’s a sum valued at around $22.4 billion based on today’s prices. Not long before the Grayscale Bitcoin Trust (GBTC) converted into a spot Bitcoin ETF in January, the fund held close to 620,000…
Fomo Hour 171 – The Bitcoin Bounce BTC ETFs: +51m, ETH ETFs: +$26m. BTC bounces at $62k amid $300m liquidations. BTC volatility hits 2 month high. SOL flips ETH monthly DEX volume. SOL rumour claims insiders own 8%. Coinbase shares rise 2% after strong earnings. Marathon Digital falls 8% after revenue miss. Bybit exits France over regulation. Crypto(.)com surpasses Coinbase…
Lumerin, Morpheus and Exabits are working together to build a blockchain-based AI agent economy, but talent and time constraints still pose challenges. Source: https://cointelegraph.com/news/decentralized-ai-gains-more-protocols-collaborate?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
